Closed Period Repurchase Programme TELEMASTERS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 2006/015734/06 Share code: TLM & ISIN Number: ZAE000093324 (“TeleMasters” or “the Company” or “the Group”) CLOSED PERIOD SHARE REPURCHASE PROGRAMME In accordance with the general authority to repurchase shares granted to the board of directors at the annual general meeting of the Company held on 4 December 2020 (“the AGM”), the Company, acting either directly or through a subsidiary company, may purchase up to 5% of its shares in issue as at the commencement of the financial year on 1 July 2020 (2 100 000 shares). Shareholders are advised that the Company, acting through one of its subsidiary companies, will be continuing with the share repurchase programme commenced in October 2020 (under the previous authority to repurchase shares) and that, in accordance with paragraph 5.72(h) of the JSE Listings Requirements, may continue to repurchase shares during the closed period commencing on 1 July 2021 and terminating on or about 30 September 2021, when the Company is scheduled to publish its financial results for the year ended 30 June 2021 (“closed period repurchase programme”). Shares purchased in terms of the closed period repurchase program will not be purchased at a price greater than 10% above the volume weighted average traded price of the Company’s shares on the Johannesburg Stock Exchange for the 5 (five) business days preceding any particular purchase and will be effected through the order book operated by the JSE Limited. The closed period repurchase programme may be discontinued at any stage during the period concerned and there is no obligation on the Company or its subsidiary to purchase any shares during this period. Waterfall City 1 July 2021 Designated Advisor AcaciaCap Advisors Proprietary Limited Date: 01-07-2021 03:46:00 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.