FURTHER PRESS RELEASE IN RESPECT OF ARTICLE HEADED "TURNSTAR BOARD LIES TO SHAREHOLDERS" IN THE SUNDAY STANDARD DATED JANUARY 23-29, 2022

  1. The Board of Directors (the Turnstar Board) of Turnstar Holdings Limited (Turnstar) refers to the above - mentioned article (the Article).
  2. The Turnstar Board advises shareholders, stakeholders and the public at large as follows:
  1. The Turnstar Board is comprised of experienced business and industry members and the Sunday Standard's publication of the statement that the "Turnstar Board lies to shareholders" (and related such statements in the Article) is as baseless as it is highly defamatory of the members of the Turnstar Board.
  2. The members of the Turnstar Board accordingly hereby reserve their individual and collective rights to take such action against the editor and owners of the Sunday Standard in due course as may be appropriate.
  3. At present, however, the position of the Turnstar Board on the matters as reported in the Article (and previous articles on the subject matter published by the Sunday Standard) is as recorded in its press releases dated 1 December 2021, 8 December 2021 and 15 December 2021, respectively and the Turnstar Board, as is proper, will issue no further statement in response to the Article at this time for the reasons that:
    1. Turnstar is in a close period;
    2. the Turnstar Board awaits the outcome of the forensic legal investigation commissioned by it.

P.O. BOX 26012 GAME CITY GABORONE BOTSWANA TEL: +267 3936105 FAX: +267 3936169

WEB: www.turnstar.co.bw

Directors: P K Balopi(Chairman)*, G H Abdoola (Managing Director)*, V T Tebele*, B Phirie*, P Bezuidenhout **,

S. Puvimanasinghe*** *Botswana **South Africa ***Sri Lanka

2.4. The Turnstar Board will engage fully and directly with Turnstar shareholders and stakeholders in relation to the various Dubai transactions on a fully transparent basis once it is able to do so.

27 JANUARY 2022

GABORONE

BY ORDER OF THE BOARD

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Turnstar Holdings Limited published this content on 27 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 13:58:03 UTC.