Shareholder Notification Blue Label Telecoms Limited (Incorporated in the Republic of South Africa) (Registration number 2006/022679/06) Share code: BLU ISIN: ZAE000109088 (“Blue Label”) SHAREHOLDER NOTIFICATION Blue Label shareholders are notified that today, Telkom SA SOC Limited released a cautionary announcement advising that Telkom is in preliminary discussions with Cell C Limited regarding the potential acquisition of Cell C Limited. The Blue Label board has not been formally apprised of any of the details regarding the Telkom proposal. Sandton 15 November 2019 Financial Adviser and Sponsor Investec Bank Limited Date: 15/11/2019 12:02:00 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.