Results of Annual General Meeting TELEMASTERS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 2006/015734/06 Share code: TLM & ISIN Number: ZAE000093324 (“TeleMasters” or “the Company” or “the Group”) RESULTS OF ANNUAL GENERAL MEETING (“AGM”) Shareholders are advised that all the resolutions contained in the notice convening the AGM were approved by the requisite majorities of shareholders present in person or represented by proxy at the AGM of the company held on Friday, 24 February 2017. Details of the results of voting at the annual general meeting are as follows: - Total number of TeleMasters shares in issue at the date of the annual general meeting: 42 000 000 - Total number of TeleMasters shares that could have been voted at the annual general meeting (excluding treasury shares): 42 000 000 - Total number of TeleMasters shares that were present/represented at the annual general meeting: 36 750 038, being 87.50% of the total number of TeleMasters shares that could have been voted at the annual general meeting Resolution proposed For Against: Abstain Total Votes % % (% of issued (excluding share abstentions) capital) (% o issued share capital) Ordinary resolution number 1 – 36 666 384 -- 83 654 36 666 384 Adoption of Annual financial statements 100% 0% 0.20% 87.30% Ordinary resolution number 2 – Director retirement and re-election – 36 666 384 11 102 72 552 36 677 486 MB Pretorius 99.77% 0.03% 0.17% 87.33% Ordinary resolution number 3 – Director retirement and re-election – 36 666 384 11 102 72 552 36 677 486 BR Topham 99.77% 0.03% 0.17% 87.33% Ordinary resolution number 4 – 36 666 384 -- 83 654 36 666 384 Directors’ remuneration 100% 0% 0.20% 87.30% Ordinary resolution number 5 – 36 666 384 -- 83 654 36 666 384 Appointment of auditors and remuneration 100% 0% 0.20% 87.30% Ordinary resolution number 6 – Placing un-issued shares under the control 36 666 384 -- 83 654 36 666 384 of the directors 100% 0% 0.20% 87.30% Ordinary resolution number 7 – General authority to allot and issue shares 36 666 384 -- 83 654 36 666 384 for cash 100% 0% 0.20% 87.30% Ordinary resolution number 8 – Authority to execute requisite 36 666 384 -- 83 654 36 666 384 documentation 100% 0% 0.20% 87.30% Ordinary resolution number 9 – 36 666 384 -- 83 654 36 666 384 Approval of dividends declared and paid 100% 0% 0.20% 87.30% Ordinary resolution number 10 – Appointment of M Erasmus as a member 36 666 384 -- 83 654 36 666 384 and Chair of the Audit Committee 100% 0% 0.20% 87.30% Ordinary resolution number 11 – Appointment of J Voigt as member of the 36 666 384 -- 83 654 36 666 384 Audit Committee 100% 0% 0.20% 87.30% Ordinary resolution number 12 – Appointment of DS van der Merwe as 36 666 384 -- 83 654 36 666 384 member of the Audit Committee 100% 0% 0.20% 87.30 % Ordinary resolution number 13 – 36 666 384 -- 83 654 36 666 384 Approval of Company Secretary 100% 0% 0.20% 87.30% Ordinary resolution number 14 – 36 666 384 -- 83 654 36 666 384 Approval of Remuneration Policy 100% 0% 0.20% 87.30% Special resolution number 1 – 36 632 084 -- 117 954 36 632 084 Directors’ remuneration 100% 0% 0.28% 87.22% Special resolution number 2 – General authority to enter into funding agreements, provide loans or other 36 632 084 34 300 83 654 36 666 384 financial assistance 99.68% 0.09% 0.20% 87.30% Johannesburg 27 February 2017 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 27/02/2017 09:48:00 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.