Notice of Dealings in securities in terms of paragraphs 3.63 to 3.66 of The JSE Limited (JSE) Listings Requirements Blue Label Telecoms Limited (Incorporated in the Republic of South Africa) (Registration number 2006/022679/06) Share code: BLU ISIN: ZAE000109088 (“Blue Label” or “the company”) NOTICE OF DEALINGS IN SECURITIES IN TERMS OF PARAGRAPHS 3.63 TO 3.66 OF THE JSE LIMITED (JSE) LISTINGS REQUIREMENTS Dealings in securities by directors of Blue Label. In compliance with paragraph 3.63 – 3.66 of the JSE listing Requirements, the following information, is disclosed: Company: Blue Label Telecoms Limited Director: Mr MS Levy Class of securities: Ordinary shares Date of transaction: 06 September 2018 Number of securities: 3 500 000 Price per security: R6.58 Total value: R23,030,000.00 Nature of transaction: On-market conversion of contracts for difference Nature and extent of director’s interest: Direct beneficial Clearance to deal: Obtained in advance in accordance with JSE Listings Requirements Company: Blue Label Telecoms Limited Director: Mr BM Levy Class of securities: Ordinary shares Date of transaction: 06 September 2018 Number of securities: 3 500 000 Price per security: R6.58 Total value: R23,030,000.00 Nature of transaction: On-market conversion of contracts for difference Nature and extent of director’s interest: Direct beneficial Clearance to deal: Obtained in advance in accordance with JSE Listings Requirements Company: Blue Label Telecoms Limited Director: Mr DA Suntup Class of securities: Ordinary shares Date of transaction: 06 September 2018 Number of securities: 3 700 000 Price per security: R6.58 Total value: R24,346,000.00 Nature of transaction: On-market conversion of contracts for difference Nature and extent of director’s interest: Direct beneficial Clearance to deal: Obtained in advance in accordance with JSE Listings Requirements The above conversion shall result in their underlying shares in Blue Label being transferred back to them, with no impact or change in their shareholding in the company. Sandton 07 September 2018 Sponsor: Investec Bank Limited Date: 07/09/2018 03:00:00 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.