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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 six month period ended 30 June 2009, expected to be announced on the morning of 27 August 2009. In terms of Section 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 earnings 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 19.8% and 24.8% in Basic Headline Earnings per Share ("HEPS") as well as Attributable Earnings per Share for the six month period ended 30 June 2009 against the previously reported corresponding period. Adjusted Headline Earnings per Share ("Adjusted HEPS") for the six month period ended 30 June 2009 are expected to decrease by between 8.6% and 13.6% against the Adjusted HEPS reported in the previous corresponding period. The only adjustment between HEPS and Adjusted HEPS for the period to June 2009 is the reversal of the impact of the put option that a shareholder has on the MTN Nigeria operations. In addition to this reversal, the prior period comparative had an adjustment for the reversal of the deferred tax debit relating to the MTN Nigeria operations. Shareholders are reminded that the above earnings numbers are negatively impacted by the stronger ZAR and resultant unrealised forex losses on loans to and receivables from certain operations versus unrealised forex gains in the prior period. Unrealised forex losses in the current period also include losses on dollar denominated deposits. 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 30 June 2009. Fairland 25 August 2009 Sponsor Deutsche Securities (SA) (Proprietary) Limited Date: 25/08/2009 16:49:06 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.
