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Mon 19 Nov 2007, 9:37 CVN - ConvergeNet - Appointment of new director to
CVN
 CVN                                                                             
CVN - ConvergeNet - Appointment of new director to the board                    
CONVERGENET HOLDINGS LIMITED                                                    
(Formerly Vestor Investments Limited)                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/015580/06)                                            
Share code:  CVN & ISIN:  ZAE000102067                                          
("ConvergeNet" or "the company")                                                
APPOINTMENT OF NEW DIRECTOR TO THE BOARD                                        
In compliance with paragraph 3.59 of the Listings Requirements of the JSE       
Limited, the board of directors of ConvergeNet are pleased to announce the      
appointment of Mr Daniel Frederik Bisschoff ("Danie") as Chief Financial        
Officer, with immediate effect.                                                 
Danie obtained his BCom (Hons) and CTA degree from the University of Pretoria in
1983 and qualified as a Chartered Accountant in 1984 whilst at                  
PricewaterhouseCoopers ("PWC"). He left PWC in 1992 and entered the IT industry,
initially to set up the Mergers and Acquisitions department for what was then   
known as Infoplan. Over the years he gained extensive experience within the ICT 
industry in all facets, including the set-up of a number of  ICT companies,     
corporate finance, financial management, business and executive management, the 
most recently, prior to his current position, at GijimaAst.  He joined          
ConvergeNet Holdings Limited in August of this year as group financial manager  
and has now been appointed as Chief Financial Officer for the ConvergeNet       
Holdings group. He serves on the boards of various companies and resides in     
South Africa.                                                                   
The board believes that Daniel`s extensive experience gained in senior positions
will greatly enhance the financial management function at ConvergeNet and that  
his skills will contribute to the expansion strategy of the business.           
Johannesburg                                                                    
19 November 2007                                                                
Sponsor                                                                         
Arcay Moela Sponsor (Pty) Ltd                                                   
Date: 19/11/2007 09:37:22 Produced by the JSE SENS Department.                  
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