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Wed 22 Feb 2012, 8:56 CVN - ConvergeNet - Change in Directors` Interests
CVN
CVN                                                                             
CVN - ConvergeNet - Change in Directors` Interests                              
CONVERGENET HOLDINGS LIMITED                                                    
Incorporated in the Republic of South Africa                                    
(Registration number 1998/015580/06)                                            
Share code: CVN     ISIN: ZAE000102067                                          
("ConvergeNet" or "the company")                                                
CHANGE IN DIRECTORS` INTERESTS                                                  
Shareholders are advised that Yellow Star (Proprietary) Limited ("Yellow Star"),
of which H van Dyk, B Kekana and T Modise are directors and shareholders has had
a change in shareholding, which reduces the above directors` indirect           
shareholding in ConvergeNet.  In compliance with rules 3.63 - 3.74 of the JSE   
Listing Requirements, the following information is disclosed.                   
Name of director:                  H van Dyk                                    
Name of company:                   ConvergeNet                                  
Date of transaction:               16 February 2012                             
Class of securities:               Ordinary shares                              
Number of securities:              36 300 588                                   
Nature of transaction:             Reduction of indirect interest               
Sale price:                        N/A                                          
Total value of transaction:        N/A                                          
Nature of interest:                Indirect beneficial through Yellow Star      
                                  (Proprietary) Limited                         
Extent of interest:                3.94% reduction to 6.26%                     
How traded:                        N/A                                          
Clearance obtained:                N/A                                          
Name of director:                  B Kekana                                     
Name of company:                   ConvergeNet                                  
Date of transaction:               16 February 2012                             
Class of securities:               Ordinary shares                              
Number of securities:              96 524 954                                   
Nature of transaction:             Reduction of indirect interest               
Sale price:                        N/A                                          
Total value of transaction:        N/A                                          
Nature of interest:                Indirect beneficial through Yellow Star      
                                  (Proprietary) Limited                         
Extent of interest:                10.48% reduction to 0%                       
How traded:                        N/A                                          
Clearance obtained:                N/A                                          
Name of director:                  T Modise                                     
Name of company:                   ConvergeNet                                  
Date of transaction:               16 February 2012                             
Class of securities:               Ordinary shares                              
Number of securities:              52 371 214                                   
Nature of transaction:             Reduction of indirect interest               
Sale price:                        N/A                                          
Total value of transaction:        N/A                                          
Nature of interest:                Indirect beneficial through Yellow Star      
(Proprietary) Limited                         
Extent of interest:                5.68% reduction to 1.21%                     
How traded:                        N/A                                          
Clearance obtained:                N/A                                          
By order of the board                                                           
Johannesburg                                                                    
22 February 2012                                                                
Sponsor                                                                         
Arcay Moela Sponsors (Pty) Ltd                                                  
Date: 22/02/2012 08:56:01 Produced by the JSE SENS Department.                  
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