TELEMASTERS HOLDINGS LIMITED - Closed Period Share Repurchase Programme

Closed Period Share Repurchase Programme

TELEMASTERS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 2006/015734/06
Share code: TLM & ISIN Number: ZAE000093324
("TeleMasters" or "the Company" or "the Group")

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 19 February 2026 ("the
AGM"), 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 2026 (2 874 142 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 7.89 of the JSE Listings Requirements, may continue to repurchase shares
during the closed period commencing on 1 July 2026 and terminating on or about 30
September 2026, when the Company is scheduled to publish its financial results for the year
ended 30 June 2026 ("closed period repurchase programme").

Shares purchased in terms of the closed period repurchase program will not be purchased
at a price greater than 10% above the volume weighted average traded price of the
Company's shares on the Johannesburg Stock Exchange for the 5 (five) business days
preceding any particular purchase and will be effected through the order book operated
by the JSE Limited. An independent broker has been appointed for the 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
30 June 2026

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 30-06-2026 09:45:00
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