Dealing in Securities by Blue Label Telecoms Limited for the Forfeitable Share Plan Blue Label Telecoms Limited (Incorporated in the Republic of South Africa) (Registration number 2006/022679/06) Share code: BLU ISIN: ZAE000109088 (“Blue Label”) DEALING IN SECURITIES BY BLUE LABEL TELECOMS LIMITED FOR THE FORFEITABLE SHARE PLAN In compliance with paragraphs 3.63 to 3.66 and 3.92 of the JSE Listings Requirements, the following dealings are disclosed: Company: Blue Label Telecoms Limited Date of transaction: 19 October 2017 Nature and detail of transaction: On market acquisition of Blue Label shares to satisfy the Plan’s obligation towards its participants, Indirect Beneficial Class of securities: Ordinary shares Number of shares acquired: 158,097 Price per share: R16-8697 Total value of transaction: R2,667,048-96 Company: Blue Label Telecoms Limited Date of transaction: 20 October 2017 Nature and detail of transaction: On market acquisition of Blue Label shares to satisfy the Plan’s obligation towards its participants, Indirect Beneficial Class of securities: Ordinary shares Number of shares acquired: 7,083 Price per share: R16-75 Total value of transaction: R118,640-25 Prior clearance to deal in these shares was obtained. Sandton 20 October 2017 Sponsor: Investec Bank Limited Date: 20/10/2017 11:35:00 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.