MTN - MTN Group Limited - Trading Statement4 Mar 2011
MTN
MTN                                                                             
MTN - MTN Group Limited - Trading Statement                                     
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
Share code: MTN                                                                 
ISIN ZAE000042164                                                               
("MTN")                                                                         
TRADING STATEMENT                                                               
MTN is currently finalising its financial results for the year ended 31         
December 2010, expected to be announced on Wednesday 9 March 2011.              
In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE           
Limited, issuers are required to publish a trading statement as soon as they    
are satisfied that a reasonable degree of certainty exists that the financial   
results for the period to be reported upon next will differ by at least 20%     
from those of the previous corresponding period.                                
Shareholders are advised that MTN expects an increase of between 18% and 23%    
in Adjusted headline earnings per share ("Adjusted HEPS") for the year ended    
31 December 2010 when compared against the previously reported corresponding    
period. Attributable earnings per share is expected to differ by between a      
negative 5% and a positive 1% and Basic HEPS to decrease by between 3% and 8%   
for the same period against those reported for the previous corresponding       
period.                                                                         
The adjustments between Basic HEPS and Adjusted HEPS for the year ended 31      
December 2010 are the reversal of the impact of the put options that            
shareholders have on the MTN Nigeria and MTN Afghanistan operations, as well    
as the impact of MTN Zakhele and the ESOP scheme ("the MTN Zakhele              
adjustment"). The MTN Zakehele adjustment includes a reversal of all of the     
costs incurred but does not include the reversal of the impact of the shares    
issued under the Notional Vendor Finance as these are already reversed in       
terms of IFRS.                                                                  
This trading statement has neither been reviewed nor reported on by MTN`s       
external auditors.                                                              
The information provided in this announcement does not contain and should not   
be construed as containing any forward looking statements or projections of     
any nature whatsoever for periods beyond 31 December 2010.                      
Fairland                                                                        
4 March 2011                                                                    
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 04/03/2011 09:10:48 Produced by the JSE SENS Department.                  
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