TELEMASTERS HOLDINGS LIMITED - Closed Period Share Repurchase Programme

Closed Period Share Repurchase Programme

TELEMASTERS HOLDINGS LIMITED
(Registration Number: 2006/015734/06)
JSE Code: TLM ISIN: ZAE000093324
("the Company")

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 1 December 2023, 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 2024 (2 837 240 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
previous authorities to repurchase shares) and that, in accordance with paragraph 5.72(h) of the
Listings Requirements of the JSE Limited ("JSE"), may continue to repurchase shares during the
closed period commencing on 1 July 2024 and terminating on or about 30 September 2024, when
the Company is scheduled to publish its financial results for the financial year ended 30 June 2024
("Closed Period Repurchase Programme").

Shares purchased in terms of the Closed Period Repurchase Programme will not be purchased
at a price greater than 10% above the volume weighted average traded price of the Company's
shares on the JSE for the 5 (five) business days preceding any particular purchase and will be
effected through the order book operated by the JSE. An independent broker has been
appointed for the Closed Period Repurchase Programme in accordance with the JSE Listings
Requirements.

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
2 July 2024

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 02-07-2024 10:00:00
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