MTN
MTN
MTN - MTN Group Limited - Extension Of Exclusivity Agreement And Further Renewal
Of Cautionary Announcement
MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009584/06
Share code: MTN
ISIN: ZAE000042164
("MTN")
EXTENSION OF EXCLUSIVITY AGREEMENT AND FURTHER RENEWAL OF CAUTIONARY
ANNOUNCEMENT
Shareholders are referred to the cautionary announcement and to the renewal of
cautionary announcement released on SENS on 25 May 2009 and 6 July 2009
concerning discussions regarding a potential transaction between MTN and Bharti
Airtel Limited. MTN and Bharti had entered into an exclusivity agreement
regarding the potential transaction until 31 July 2009.
Shareholders are advised that the discussions between the parties regarding a
potential transaction are continuing and both parties have agreed to extend the
exclusivity period until up to 31 August 2009.
No decision or agreement to acquire any shares or implement the potential
transaction outlined above has yet been made by the Boards of either MTN or
Bharti and the discussions may or may not lead to any transaction and the
structure and terms of the potential transaction may be adjusted to reflect
further discussions between the parties. Shareholders are therefore advised to
continue to exercise caution when dealing in MTN`s securities until a further
announcement is made.
Fairland
3 August 2009
Financial Advisors
Bank of America Merrill Lynch
Deutsche Bank AG
Sponsor
Deutsche Securities SA (Proprietary) Limited
Legal Advisors
Freshfields Bruckhaus Deringer LLP
Platinum Partners
Webber Wentzel
Communications Advisor
Brunswick Group LLP
Date: 03/08/2009 07:05:16 Produced by the JSE SENS Department.
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