Renewal of Cautionary Announcement - Potential Acquisition TELEMASTERS HOLDINGS LIMITED (Registration Number: 2006/015734/06) JSE Code: TLM ISIN: ZAE000093324 ("TeleMasters" or "the Company") RENEWAL OF CAUTIONARY ANNOUNCEMENT – POTENTIAL ACQUISITION Shareholders are referred to the previous cautionary announcements published by the Company, the last of which was dated 7 February 2025. Shareholders are advised that the Company is still pursuing the acquisition which would be substantial to TeleMasters and, if concluded, would require shareholder and regulatory approvals. The funding for the transaction is in the process of being finalised with participating equity, debt and mezzanine funders identified. Due to the potential acquisition, shareholders are advised to continue to exercise caution whilst dealing in their securities until a further announcement is made. Shareholders are also referred to the Cautionary Announcement published o SENS on 4 March 2025 regarding a potential acquisition and are advised to continue to exercise caution whilst dealing in their securities until a further announcement is made Responsibility Statement The Board of Directors of TeleMasters collectively and individually accepts responsibility for the information contained in this announcement and certify that, to the best of its knowledge and belief, the information contained in this announcement does not omit anything that is likely to affect the import of such information. Waterfall City 25 March 2025 Designated Advisor AcaciaCap Advisors Proprietary Limited Date: 25-03-2025 10:20:00 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.