BLUE LABEL TELECOMS LIMITED - Dealing in securities by Director

Dealing in securities by Director

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 DIRECTOR

In compliance with the JSE Limited Listings Requirements, the following information is
disclosed:

Director                             :     BM Levy
Company                              :     Blue Label Telecoms Limited
Date of transaction                  :     24 March 2020
Nature of transaction                :     Termination of off market finance agreement entered
                                           into with an institutional lender on 1 August 2016
                                           (4,350,000 shares) and 26 April 2019 (900,000 shares)
                                           in terms of which ordinary Blue Label shares were
                                           pledged as security
Number of shares pledged             :     5 250 000
Deemed value of pledged shares       :     R1.65
Deemed value of transaction          :     R8 662 500
Nature of interest                   :     Direct beneficial
Clearance obtained                   :     Not required


Director                             :     MS Levy
Company                              :     Blue Label Telecoms Limited
Date of transaction                  :     24 March 2020
Nature of transaction                :     Termination of off market finance agreement entered
                                           into with an institutional lender on 1 August 2016
                                           (4,350,000 shares) and 26 April 2019 (900,000 shares)
                                           in terms of which ordinary Blue Label shares were
                                           pledged as security
Number of shares pledged             :     5 250 000
Deemed value of pledged shares       :     R1.65
Deemed value of transaction          :     R8 662 500
Nature of interest                   :     Direct beneficial
Clearance obtained                   :     Not required


Sandton
31 March 2020

Sponsor:
Investec Bank Limited

Date: 31-03-2020 04:44:00
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