BLUE LABEL TELECOMS LIMITED - Shareholder Notification

Shareholder Notification

Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
Share code: BLU
ISIN: ZAE000109088
(“Blue Label”)

SHAREHOLDER NOTIFICATION

Blue Label shareholders are notified that today, Telkom SA SOC Limited released a cautionary
announcement advising that Telkom is in preliminary discussions with Cell C Limited regarding the
potential acquisition of Cell C Limited.

The Blue Label board has not been formally apprised of any of the details regarding the Telkom
proposal.

Sandton
15 November 2019

Financial Adviser and Sponsor
Investec Bank Limited

Date: 15/11/2019 12:02:00
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