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 code: 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 announcements released on SENS on 25 May 2009, 6 July 2009 and 3
August 2009 concerning discussions regarding a potential transaction between MTN
and Bharti Airtel Limited ("Bharti"). MTN and Bharti had entered into an
exclusivity agreement regarding the potential transaction until 31 August 2009.
Shareholders are advised that the discussions between the parties regarding the
potential transaction continue to progress satisfactorily and the parties have
accordingly agreed to extend the exclusivity period until 30 September 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. Shareholders
are therefore advised to continue to exercise caution when dealing in MTN`s
securities until a further announcement is made.
Fairland
20 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: 20/08/2009 09:15:51 Produced by the JSE SENS Department.
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