Blue Label Telecoms (JSE:BLU) News - Cell C Limited – Update on the Recapitalisation of Cell C 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 Shareholders are referred to the SENS announcement of 5 July 2022, which referred to the anticipated date of completion of the Cell C recapitalisation process. Certain of the binding long form agreements are not yet in final execution form and are in the process of finalisation. Although the final stages of the recapitalisation process are progressing well, certain delays have resulted in the transaction being expected to close towards the end of August 2022. Sandton 1 August 2022 Financial Adviser and Sponsor Investec Bank Limited Legal Adviser to Blue Label Werksmans Inc Date: 01-08-2022 08:54:00 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.