Result of EGM and confirmation that Times Media Group Limited scheme of arrangement has become unconditional Blackstar Group SE (Incorporated in Malta) (Company number SE 4) (registered as an external company with limited liability in the Republic of South Africa under registration number 2011/008274/10) LSE Ticker: BLCK JSE Share code: BCK ISIN: MT0000620113 19 May 2015 Blackstar Group SE (“Blackstar” or the “Company”) Result of Extraordinary General Meeting (“EGM”) and confirmation that Times Media Group Limited (“TMG”) scheme of arrangement has become unconditional The Board of Blackstar is pleased to announce that at the EGM held on 18 May 2015, at 3rd Floor, Avantech Building, St. Julian's Road, San Gwann, SGN 2805, Malta, the resolution put to the EGM was passed by the requisite majority. Shareholders are advised that the scheme of arrangement in terms of which Blackstar offered to acquire all ordinary shares in the issued share capital of TMG, excluding treasury shares and shares already owned by Blackstar or Blackstar (Cyprus) Investors Limited, (“Scheme”) had yesterday 18 May 2015 become unconditional. It is anticipated that the Scheme will be implemented on Monday, 8 June 2015, upon allotment and issue of the Blackstar shares to be issued under the Scheme and readmission of the enlarged issued share capital of Blackstar to AIM as set out in Blackstar’s Admission Document dated 30 April 2015. For further information, please contact: Blackstar Group SE Leanna Isaac + 356 2137 3360 Zai Corporate Finance Limited - Corporate Finance Tom Price / Richard Morrison +44 (0) 20 7060 2220 - Sales Steven Baird +44 (0) 20 7060 2220 PSG Capital Proprietary Limited David Tosi +27 (0) 21 887 9602 19 May 2015 Date: 19/05/2015 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.