Appointment of Director TELEMASTERS HOLDINGS LIMITED (Registration Number: 2006/015734/06) JSE Code: TLM ISIN: ZAE 000093324 (“TeleMasters” or “the Company”) APPOINTMENT OF DIRECTOR The Board of directors of TeleMasters is pleased to announce the appointment of Dr David John Bate as an Independent Non-Executive Director of TeleMasters with effect from 17 January 2020. Dr Bate has over 25 years of experience making an impact as an investment banker, entrepreneur and educator and is the founder of an investment banking firm with over USD 200 billion of transactions or investments across M&A, privatisations, PPP’s, debt finance and private equity in Africa, Asia and the Middle East. He has a passion for identifying and growing business investments on a sustainable and profitable basis and has significant experience with business development, strategy, partnerships, corporate governance, the mentoring multi-disciplinary teams and building businesses, projects and teams from the ground up across all cycles (start-up, growth, turn around, maturity and exit). Dr Bate is the Chief Executive Officer of Brookwood Capital Corporation and the Non- Executive Chairman of ABNER Technology Group Limited, Velocia Investment Management Company SA, Mushroom Farm Park Conservation Association NPC, United Nations of Wine Incorporated and Leopard Frog Vineyards Proprietary Limited. He currently serves as Warden, High Commission of Canada to South Africa and as a member of the Chancellor’s Circle for the University of Victoria. The board welcomes Dr Bate to TeleMasters and looks forward to working with him. Pretoria 17 January 2020 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 17-01-2020 03:56:00 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.