Dealing in securities 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”) DEALING IN SECURITIES In compliance with Rules 3.63 – 3.66 of the JSE Listing Requirements, the following information is disclosed: Company: Blue Label Company (Pty) Ltd Director: Mr M Levy Date of vesting: 18 November 2019 Number of shares: 45,727 Market value: R2.55 Total value: R116,603.85 Nature of transaction: Nil cost vesting of Forfeitable Share Awards Class of shares: Ordinary shares Nature of interest: Direct beneficial, Off-Market Clearance given: Yes in accordance with the terms and conditions of the awards Company: Blue Label Company (Pty) Ltd Director: Mr B Levy Date of vesting: 18 November 2019 Number of shares: 45,727 Market value: R2.55 Total value: R116,603.85 Nature of transaction: Nil cost vesting of Forfeitable Share Awards Class of shares: Ordinary shares Nature of interest: Direct beneficial, Off-Market Clearance given: Yes in accordance with the terms and conditions of the awards Company: The Prepaid Company (Pty) Ltd, a major subsidiary of Blue Label Director: Mr D Suntup Date of vesting: 18 November 2019 Number of shares: 24,219 Market value: R2.55 Total value: R61,758.45 Nature of transaction: Nil cost vesting of Forfeitable Share Awards Class of shares: Ordinary shares Nature of interest: Direct beneficial, Off-Market Clearance given: Yes in accordance with the terms and conditions of the awards Company: Blue Label Company Pty) Ltd Director: Ms J van Eden Date of vesting: 18 November 2019 Number of shares: 4,775 Market value: R2.55 Total value: R12,176.25 Nature of transaction: Nil cost vesting of Forfeitable Share Awards Class of shares: Ordinary shares Nature of interest: Direct beneficial, Off-Market Clearance given: Yes in accordance with the terms and conditions of the awards Company: The Prepaid Company (Pty) Ltd, a major subsidiary of Blue Label Director: Mr S Diamond Date of vesting: 18 November 2019 Number of shares: 21,568 Market value: R2.55 Total value: R54,998.40 Nature of transaction: Nil cost vesting of Forfeitable Share Awards Class of shares: Ordinary shares Nature of interest: Direct beneficial, Off-Market Clearance given: Yes in accordance with the terms and conditions of the awards Company: The Prepaid Company (Pty) Ltd, a major subsidiary of Blue Label Director: Mr A Rantao Date of vesting: 18 November 2019 Number of shares: 2,752 Market value: R2.55 Total value: R7,017.60 Nature of transaction: Nil cost vesting of Forfeitable Share Awards Class of shares: Ordinary shares Nature of interest: Direct beneficial, Off-Market Clearance given: Yes in accordance with the terms and conditions of the awards Company: Blue Label Distribution (Pty) Ltd, a major subsidiary of Blue Label Director: Mr D Rama Date of vesting: 18 November 2019 Number of shares: 4,017 Market value: R2.55 Total value: R10,243.35 Nature of transaction: Nil cost vesting of Forfeitable Share Awards Class of shares: Ordinary shares Nature of interest: Direct beneficial, Off-Market Clearance given: Yes in accordance with the terms and conditions of the awards Sandton 19 November 2019 Sponsor: Investec Bank Limited Date: 19/11/2019 02:51:00 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.