MTN - MTN Group Limited - MTN and BICS to combine26 Jun 2009
MTN
MTN                                                                             
MTN - MTN Group Limited - MTN and BICS to combine their international carrier   
services                                                                        
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
Registration number 1994/009584/06                                              
Share code: MTN                                                                 
ISIN code: ZAE000042164                                                         
("MTN")                                                                         
MTN and BICS to combine their international carrier services                    
Shareholders are advised that MTN announced today the extension of its          
relationship with Belgacom International Carrier Services ("BICS") by           
combining MTN ICS, its international carrier services business which generated  
revenues of Euro 223,2 million in the year ended 31 December 2008, with the     
business of BICS. Pursuant to the combination of the two businesses, MTN will   
hold an equity interest of 20% in the enlarged BICS and appoint two directors   
to the board. The combination is expected to improve the quality of the         
international traffic carrier service offerings of MTN operations whilst        
realising meaningful cost benefits.                                             
The transaction is subject to certain conditions precedent including, to        
the extent required, the approval of the relevant regulatory authorities.       
Fairland                                                                        
26 June 2009                                                                    
Financial adviser to MTN                                                        
Deutsche Bank                                                                   
Legal adviser to MTN                                                            
Freshfields                                                                     
Sponsor to MTN                                                                  
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 26/06/2009 07:33:02 Produced by the JSE SENS Department.                  
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