Dealings in Securities by a Director 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”) DEALINGS IN SECURITIES BY A DIRECTOR In compliance with paragraphs 3.63 to 3.74 of the Johannesburg Stock Exchange Listings Requirements, shareholders are advised of the dealings in securities by a director of the Company as follows: Name of director: MG Erasmus Name of company: TeleMasters Date of transaction: 27 June 2017 Class of securities: Ordinary shares Number of securities: 7 000 Price per share: 75 cents per share Total value of transaction: R5 250.00 Nature of transaction: Purchase Nature of interest: Indirect beneficial Extent of interest: 0.017% How traded: On market Clearance obtained: Yes Name of director: MG Erasmus Name of company: TeleMasters Date of transaction: 30 June 2017 Class of securities: Ordinary shares Number of securities: 25 488 Price per share: 74 cents per share Total value of transaction: R18 861.12 Nature of transaction: Purchase Nature of interest: Indirect beneficial Extent of interest: 0.061% How traded: On market Clearance obtained: Yes Name of director: MG Erasmus Name of company: TeleMasters Date of transaction: 30 June 2017 Class of securities: Ordinary shares Number of securities: 10 512 Price per share: 75 cents per share Total value of transaction: R7 884.00 Nature of transaction: Purchase Nature of interest: Indirect beneficial Extent of interest: 0.025% How traded: On market Clearance obtained: Yes By order of the board Johannesburg 3 July 2017 Designated Advisor Arbor Capital Sponsors Date: 03/07/2017 05:03:00 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.