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MTN - MTN Group Limited - Extension Of Exclusivity Agreement And Further Renewal

Release Date: 03/08/2009 07:05
Code(s): MTN
Wrap Text

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: 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 announcement released on SENS on 25 May 2009 and 6 July 2009 concerning discussions regarding a potential transaction between MTN and Bharti Airtel Limited. MTN and Bharti had entered into an exclusivity agreement regarding the potential transaction until 31 July 2009. Shareholders are advised that the discussions between the parties regarding a potential transaction are continuing and both parties have agreed to extend the exclusivity period until up to 31 August 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 and the structure and terms of the potential transaction may be adjusted to reflect further discussions between the parties. Shareholders are therefore advised to continue to exercise caution when dealing in MTN`s securities until a further announcement is made. Fairland 3 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: 03/08/2009 07:05:16 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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