Dealings by a Director and an Associate of an Approved Executive of the Designated Advisor TELEMASTERS HOLDINGS LIMITED (Registration Number: 2006/015734/06) JSE Code: TLM ISIN: ZAE 000093324 (“TeleMasters” or “the Company”) DEALINGS BY A DIRECTOR AND AN ASSOCIATE OF AN APPROVED EXECUTIVE OF THE DESIGNATED ADVISOR In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited (“JSE”), shareholders are advised that pursuant to a restructure of MG Erasmus’ business interests, there has been a transfer of shares held on an indirect beneficial basis on behalf of MG Erasmus, a non-executive director of TeleMasters, into his personal name and to an associate of an approved executive of the Designated Advisor (“DA”) as follows: Name of Approved Executive Willie Snyman Name of associate of DA: Willie Snyman Family Trust Date of transaction: 16 October 2020 Number of securities: 25 000 Class of securities: Ordinary shares Nature of transaction: Acquisition Transfer price per share: R0.76 Nature of interest: Direct beneficial Extent of interest: 0.05% Rand value of transfer: R19 000 How traded: Off market acquisition of shares Clearance to deal obtained: Yes Name of director: MG Erasmus Date of transaction: 16 October 2020 Name of Company: TeleMasters Number of securities: 25 000 Class of securities: Ordinary shares Nature of transaction: Disposal Transfer price per share: R0.76 Nature of interest: Indirect beneficial Extent of interest: 0.05% Rand value of transfer: R19 000 How traded Off market disposal of shares Clearance to deal obtained: Yes Shareholders are also advised that a further 25 000 shares previously owned by MG Erasmus on an indirect beneficial basis will now be held by him on a direct basis. Pretoria 22 October 2020 Designated Advisor AcaciaCap Advisors Proprietary Limited Date: 22-10-2020 05:41:00 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.