Dealing In Securities By Blue Label Telecoms Limited Independent Non Executive Director’s Associate 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 INDEPENDENT NON EXECUTIVE DIRECTOR’S ASSOCIATE In compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements, the following dealings are disclosed: Independent Non-Executive: LM Nestadt Associate company: The LM Nestadt Trust Date of transaction: 14 November 2018 Nature and detail of transaction: On market acquisition of Blue Label shares, Indirect Beneficial Class of securities: Ordinary shares Number of shares acquired: 100,000 Price per share: R5-2192 Total value of transaction: R521,920-00 Independent Non-Executive: LM Nestadt Associate company: The LM Nestadt Trust Date of transaction: 16 November 2018 Nature and detail of transaction: On market acquisition of Blue Label shares, Indirect Beneficial Class of securities: Ordinary shares Number of shares acquired: 100,000 Price per share: R5-4870 Total value of transaction: R548,700-00 Prior clearance to deal in these shares was obtained. Sandton 19 November 2018 Sponsor: Investec Bank Limited Date: 19/11/2018 09:50:00 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.