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MTN Group Submits A Prequalification Application For A Stake In Tunisia Telecom

Release Date: 04/10/2005 10:37
Code(s): MTN
Wrap Text

MTN Group Submits A Prequalification Application For A Stake In Tunisia Telecom MTN Group Limited (Incorporated in the Republic of South Africa) (Registration number 1994/009584/06) Share code MTN ISIN ZAE000042164 ("MTN Group" or "the Company") MTN GROUP SUBMITS A PREQUALIFICATION APPLICATION FOR A STAKE IN TUNISIA TELECOM In pursuit of value enhancing expansion opportunities and in line with the MTN Group"s vision to be the leading player in communications in emerging markets, MTN Group confirms that it had submitted a prequalification application to the authorities in Tunisia to bid for a stake in Tunisia Telecom. This is one of the first steps in a formal bidding process initiated by the Tunisian authorities and no confirmation can be given at this stage if MTN Group will submit a formal bid at a later stage. In addition, other expansion opportunities on the continent and the Middle East are continuously being explored by the Company. Shareholders are reminded that the Company had issued a cautionary announcement on 19 September 2005 indicating that it had entered into negotiations, which if successfully concluded may have a material effect on the price of the Company"s securities. Shareholders are advised that this cautionary announcement does not relate to the submission of the prequalification application to the Tunisian Authorities. Fairland 4 October 2005 Sponsor Merrill Lynch South Africa (Pty) Ltd Date: 04/10/2005 10:37:02 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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