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Mon 15 Dec 2008, 15:16 CVN - Convergenet Holdings Limited - Update regarding the acquisition of a 74%
CVN
CVN                                                                             
CVN - Convergenet Holdings Limited - Update regarding the acquisition of a 74%  
shareholding in Chrystalpine Investments 9 (Proprietary) Limited                
("Chrystalpine") and withdrawal of cautionary announcement                      
CONVERGENET HOLDINGS LIMITED                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/015580/06)                                            
Share code:  CVN        ISIN:  ZAE000102067                                     
("ConvergeNet" or "the Company")                                                
UPDATE REGARDING THE ACQUISITION OF A 74% SHAREHOLDING IN CHRYSTALPINE          
INVESTMENTS 9 (PROPRIETARY) LIMITED ("CHRYSTALPINE") AND WITHDRAWAL OF          
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are referred to the SENS announcement dated 12 December 2008       
advising that the only remaining condition precedent for the above transaction  
was approval in terms of the Competition Act of 1988. This approval was received
today, Monday, 15 December 2008.                                                
Johannesburg                                                                    
15 December 2008                                                                
Sponsors                                                                        
Arcay Moela Sponsors                                                            
(Proprietary) Limited                                                           
Date: 15/12/2008 15:16:35 Produced by the JSE SENS Department.                  
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