Dividend Declaration TELEMASTERS HOLDINGS LIMITED (Registration Number: 2006/015734/06) JSE Code: TLM ISIN: ZAE000093324 (“Telemasters” or “the Company”) DECLARATION OF ORDINARY DIVIDEND Shareholders are reminded of the announcement made in the abridged condensed unaudited consolidated results for the six-month period ended 31 December 2017 to the effect that the board had decided to discontinue the practice of quarterly reporting and only report every six months as is required by the rules of the Johannesburg Stock Exchange but that, subject to cash flow and operating results, the practice of paying quarterly dividends would continue. Dividend Declaration Notice is hereby given that an interim dividend of 1.50 cents per share has been declared in respect of the six months ending 31 December 2018 and is payable to all shareholders recorded in the share register of the Company at the close of business on Friday, 4 January 2019. The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. In accordance with the provisions of the Listings Requirements of the Johannesburg Stock Exchange, the following additional information is disclosed: - the dividend has been declared out of retained earnings; - the local Dividends Tax rate is 20%; - the gross local dividend is 1.50 cents per share for shareholders exempt from Dividends Tax; - the net local dividend is 1.20 cents per share for shareholders liable for Dividends Tax; - the Company has 42 000 000 ordinary shares in issue; - the Company’s income tax reference number is: 9683978143. The following dates are applicable to the dividend: The last day to trade in order to be eligible for the dividend will be Monday, 31 December 2018. Shares will trade ex-dividend from Wednesday, 2 January 2019. The record date will be Friday, 4 January 2019 and payment will be made on Monday, 7 January 2019. Share certificates may not be dematerialised/ re-materialised between Wednesday, 2 January 2019 and Friday, 4 January 2019, both days inclusive. Pretoria 10 December 2018 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 11/12/2018 07:05:00 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.