MTN
MTN
MTN - MTN Group - Termination Of Transaction Discussions And Withdrawal 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")
TERMINATION OF TRANSACTION DISCUSSIONS AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement released on SENS on 25
May 2009 and to the renewals of cautionary announcement released on SENS on 6
July 2009 and 3 August 2009 concerning discussions regarding a potential
transaction between MTN and Bharti Airtel Limited ("Bharti").
Shareholders are advised that MTN and Bharti have not been able to conclude a
transaction within the economic, legal and regulatory framework within which
both companies operate. Accordingly, MTN and Bharti have mutually decided to
terminate further discussions regarding the potential transaction.
The MTN Board would like to thank all parties involved in these lengthy
negotiations for the positive and constructive manner in which the negotiations
were conducted. In particular, MTN expresses its appreciation to the South
Africa and the Indian governments for their co-operation and supportive
approach.
Caution is accordingly no longer required to be exercised by shareholders when
dealing in MTN securities.
Trading in MTN securities will resume on the JSE at the commencement of trade on
Thursday, 1 October 2009.
Fairland
30 September 2009
Financial Advisors
Bank of America Merrill Lynch
Deutsche Bank AG
Arma Partners
Sponsor
Deutsche Securities SA (Proprietary) Limited
Legal Advisors
Freshfields Bruckhaus Deringer LLP
Platinum Partners
Webber Wentzel
Communications Advisor
Brunswick Group LLP
Date: 30/09/2009 17:29:27 Produced by the JSE SENS Department.
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