TeleMasters : Dividend Declaration for the year ended 30 June 2022

TELEMASTERS HOLDINGS LIMITED

(Registration Number: 2006/015734/06)

JSE Code: TLM ISIN: ZAE 000093324

("TeleMasters" or "the Company")

DIVIDEND DECLARATION FOR THE YEAR ENDED 30 JUNE 2022

Dividend Declaration

Notice is hereby given that a gross year end cash dividend (Number 56) of 0.5 cents per share has been declared and is payable to all shareholders recorded in the share register of the Company at the close of business on Friday, 22 July 2022. The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. In accordance with the provisions of the Listings Requirements of the Johannesburg Stock Exchange, the following additional information is disclosed:

• The dividend has been declared out of retained earnings;
• The local Dividends Tax rate is 20%;
• The gross local dividend is 0.50000 cents per share for shareholders exempt from Dividends Tax;
• The net local dividend is 0.40000 cents per share for shareholders liable for Dividends Tax;
• The Company has 55 759 670 ordinary shares in issue; and
• The Company's income tax reference number is 9683/978/14/3.

The following dates are applicable to the dividend: the last day to trade in order to be eligible for the dividend will be Tuesday, 19 July 2022. Shares will trade ex-dividend from Wednesday, 20 July 2022. The record date will be Friday, 22 July 2022 and payment of the dividend will be made on Monday, 25 July 2022.

Share certificates may not be dematerialised / re-materialised between Wednesday, 20 July 2022 and Friday, 22 July 2022, both days inclusive. The certificated register will be closed during these dates. Dividends in respect of certificated shareholders will be transferred electronically to shareholders' bank accounts on payment date. Following the discontinuation of cheque payments by most South African banks, TeleMasters will no longer issue cheques and all future payments will only be made into a nominated bank account by electronic funds transfer. Shareholders who have not yet provided their bank account details to JSE Investor Services Proprietary Limited ("JIS") are reminded to contact JIS on +27 029 0112 (international) or 0861 472 644 (local) with their bank account details into which the dividends can be paid electronically.

By order of the Board

Waterfall City

1 July 2022

Designated Advisor

AcaciaCap Advisors Proprietary Ltd