TELEMASTERS HOLDINGS LIMITED - Changes to the Board of Directors

Changes to the Board of Directors

TELEMASTERS HOLDINGS LIMITED
(Registration Number: 2006/015734/06)
JSE Code: TLM ISIN: ZAE 000093324
(“TeleMasters” or “the Company”)


CHANGES TO THE BOARD OF DIRECTORS


Shareholders are advised that with effect from 1 January 2018:

   (i)   Mr Mario Pretorius will be retiring as Chief Executive Officer of the Company (“CEO”), but
         will continue to serve on the Board in the capacity of Non-executive Chairman;
   (ii)  the role of the current Independent Non-executive Chairman, Mr Stephen van der Merwe,
         will change to that of Lead Independent Director;
   (iii) Mr Jaco Voigt, a Non-executive director of the Company for the past 9 years, will be
         appointed as CEO and his role will accordingly change from that of Non-executive Director
         to Executive Director.

Jaco obtained a Bachelor of Social Sciences degree in 1996 from the University of the Orange Free
State. He started his career in the communications industry at DataPro in 1998 and held various
management positions in the organization – the last one being Managing Director of Vox Telecom,
the pioneer of VoIP service provision in South Africa. Jaco left Vox Telecom in 2007 to start
PerfectWorx Consulting, a specialist consulting business providing professional services to operators
entering the Next Generation Network realm. PerfectWorx Consulting currently provides services to a
wide range of players in the telecommunications industry, ranging from incumbent operators to
various VANS operators.

The board congratulates Jaco on his appointment and looks forward to working with him in steering
the business towards it next stage of growth and profitability.

Following his appointment as CEO, Jaco will step down as a member of the Audit Committee and
the Chairperson of the Remuneration Committee. This will result in a vacancy on the Audit
Committee and the Board has commenced with the process of identifying candidates to fill this
vacancy. Mr Stephan van der Merwe will assume the role of Remuneration Committee Chairman
with immediate effect.

Pretoria
8 December 2017

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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