Blue Label Telecoms Limited (Incorporated in the Republic of South Africa) (Registration number 2006/022679/06) Share code: BLU ISIN: ZAE000109088 (“Blue Label”) CELL C LIMITED (“Cell C”) – UPDATE ON THE RECAPITALISATION OF CELL C 1. Shareholders are referred to the SENS announcements of 5 July 2022 and 1 August 2022, which referred to the anticipated date of completion of the Cell C recapitalisation transaction. 2. The binding long form agreements are expected to be completed in their entirety shortly. 3. It is anticipated that the recapitalisation process, the completion of which has endured for longer than initially anticipated, is expected to close by mid-September 2022. Sandton 24 August 2022 Financial Adviser and Sponsor Investec Bank Limited Legal Adviser to Blue Label Werksmans Inc