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MTNH-Board Changes
Mobile Telephone Networks Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1993/001411/06)
(MTN Holdings)
CHANGES TO THE BOARD OF MTN HOLDINGS
In compliance with paragraph 6.39 and 6.40 of the Debt Listings Requirements, the board of directors
(Board) of the Company wishes to advise noteholders of the following Board appointment:
1. Tim Pennington
The Company is pleased to announce the appointment of Tim Pennington (61) as an independent non-
executive director of MTN Group and MTN Holdings, effective, 1 August 2022.
Tim holds a BA (Hons) Economics, from the University of Manchester and he is also an associate of a
Chartered Institute of Bankers.
Tim was the Chief financial officer (CFO) of Millicom International Cellular since 2014 until March 2022.
He has previously served as CFO in other international listed companies. He played an instrumental
role in Millicom’s transformation into a leading provider of fixed and mobile broadband services. Under
his leadership as CFO the company successfully accomplished several key projects including, Millicom’s
exit from Africa, its NASDAQ listing in the U.S. and the acquisition of various operations.
He currently serves as a non-executive director on the board of London listed, Euromoney Institutional
Investor PLC.
Tim is commercially driven with extensive telecommunications experience, as well as considerable
corporate finance and strategic knowledge spanning several global jurisdictions.
It is anticipated that Tim will serve as a member of the Group’s Finance and Investment Committee,
Risk & Compliance Committee as well as the Audit Committee.
The Chairman and the Board believes that his extensive experience in transformational mergers and
acquisitions and his depth of experience in capital allocation is invaluable, accordingly his contribution
will greatly enhance the Board’s deliberations and will enhance the delivering of Ambition 2025.
2. Retirement by Rotation on MTN Holdings Board
In compliance with paragraph 6.39 and 6.40 of the Debt Listings Requirements, Noteholders are hereby
notified that Sindi Mabaso-Koyana, and Paul Hanratty have retired by rotation from the Board of MTN
Holdings and shall not be available to serve on the board, effective 1 June 2022.
The Company is continuously evaluating the effectiveness of its board composition as it evolves, and
the Company is confident that it has competent directors and sufficient expertise to carry out its
activities.
Fairland
01 June 2022
Debt Sponsor
Standard Bank of South Africa
Date: 01-06-2022 11:15:00
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