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 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.