Updated Detailed Cautionary Announcement DIGICORE HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/012601/06) Share Code: DGC ISIN Number: ZAE000016945 (“the Company” or “DigiCore”) UPDATED DETAILED CAUTIONARY ANNOUNCEMENT Shareholders are referred to the cautionary announcement released on SENS on 7 May 2015. Shareholders are hereby advised that the Company has entered into negotiations with Novatel Wireless, Inc.(“Novatel”), in relation to a proposed transaction in terms of which Novatel wishes to acquire all shares in DigiCore for a purchase consideration of R4 per DigiCore share (“Proposed Transaction”). Novatel is a company listed on the NASDAQ in the United States of America (“USA”) and is in the process of finalising its funding of the Proposed Transaction. In order for Novatel to comply with legislation in the USA, it has published details of the Proposed Transaction. In addition, shareholders are advised that substantial due diligence has already been conducted by Novatel and no material issue has been identified. Even though negotiations are at an advanced stage, shareholders are cautioned that no final binding agreement has been concluded with Novatel in relation to the implementation of the Proposed Transaction (or firm intention offer received) and there is no certainty that the negotiations or a final binding agreement will be successfully concluded (or firm intention offer received). Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company’s securities until a further announcement is made. 5 June 2015 Centurion Corporate Advisor & Sponsor PSG Capital Proprietary Limited Date: 05/06/2015 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.