Further Trading Statement 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”) FURTHER TRADING STATEMENT Shareholders are referred to the initial trading statement published on SENS on 25 August 2021 and are advised that the Board is now in a position to inform shareholders that for the year ended 30 June 2021, the Company will report: - a loss per share (“LPS”) of (7.82) cents per share (“cps”), reflecting a decrease of 402% on the earnings per share of 2.59 cps for the year ended 30 June 2020; and - a headline loss per share (“HLPS”) of (7.82) cents per share, reflecting a decrease of 414% on the headline earnings per share of 2.49 cps for the year ended 30 June 2020. As previously advised, the decrease is attributable, inter alia, to: (a) a once-off provision for the failure to collect revenues arising from a breach of contract by one customer in relation to one specific contract concluded with Catalytic Connections (Pty) Limited (“Catalytic Connections”), a wholly-owned Company subsidiary. Catalytic Connections has initiated legal proceedings in the North Gauteng High Court (Pretoria) to collect said revenues which proceedings comprise of an application to liquidate the customer and concurrently realise a personal suretyship signed by the CEO of the customer. While the outcome and timing of the outcome of such legal proceedings remain uncertain, Catalytic Connections would not have launched such legal proceedings without being confident of its position and ability to collect some or all of such revenues in due course; (b) following its acquisition of the remaining 75% shareholding in Conexlink (Pty) Limited (subsequently renamed Ultra DataCentre (Pty) Ltd (“Ultra DC”), the Company’s continued investment in the infrastructure and operations of the wholly-owned Ultra DC data centre, resulting in higher depreciation; and (c) a reduction in revenues earned from lower variable usage services incurred by some customers arising as a result of the various lockdown regulations imposed by the Government of South Africa in response to the COVID-19 pandemic. The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s auditors. Further details of the Group’s financial position and performance will be made available in the annual financial results for the year ended 30 June 2021, which are anticipated to be published on or about 30 September 2021. Waterfall City 28 September 2021 Designated Advisor AcaciaCap Advisors Proprietary Limited Date: 28-09-2021 02:15:00 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.