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VOD - Vodacom Group Limited - Allocation of YeboYethu units pursuant to the YeboYethu Employee Participation Trust Vodacom Group Limited (Incorporated in the Republic of South Africa) (Registration number 1993/005461/06) Share code VOD ISIN ZAE000132577 ("Vodacom") Allocation of YeboYethu units pursuant to the YeboYethu Employee Participation Trust In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following executive director and company secretary of Vodacom Group Limited and executive director of Vodacom (Pty) Limited were awarded units in the YeboYethu ESOP in terms of their employment contracts, the salient details of which are set out below: Name of executive director: RA Shuter Designation: Vodacom Chief Financial Officer Entity: Vodacom Group Notification of award: 27 November 2009 Nature of security: YeboYethu unit (refer below for explanation)
Number of units allocated: 1 339 074 Consideration: Nil Value of transaction n/a - this will only be known in year 7 when the units get converted Nature of transaction: Direct beneficial interest
Clearance: Yes - units were allocated in terms of letter of employment and in accordance with terms of the YeboYethu ESOP
Name of company secretary: SF Linford Designation: Vodacom Group Company Secretary Notification of award: 27 November 2009 Nature of security: YeboYethu unit (refer below for explanation) Number of units allocated: 559 382 Consideration: Nil Value of transaction n/a- this will only be known in year 7 when the units get converted. Nature of transaction: Direct beneficial interest Clearance: Yes- units were allocated in terms of letter of employment and in accordance with terms of the YeboYethu ESOP
Name of major subsidiary director: SB Hayward Name of major subsidiary: Vodacom (Pty) Limited Designation: Executive director: Vodacom Business Notification of award: 27 November 2009 Nature of security: YeboYethu unit (refer below for explanation)
Number of units allocated: 752 273 Consideration: Nil Value of transaction n/a- this will only be known in year 7 when the units get converted.
Nature of transaction: Direct beneficial interest Clearance: Yes - units were allocated in terms of letter of employment and in accordance with terms of the YeboYethu ESOP At end July 2008, Vodacom announced the implementation of its R7.5 billion broad based black economic empowerment ("BBBEE") transaction which involved, inter alia, a public offer to the South African black public through YeboYethu Limited ("YeboYethu") which holds a 3.44% interest in Vodacom (Pty) Limited ("Vodacom SA"). In addition to the public offer, all Vodacom`s permanent South African employees were able to participate in the BBBEE transaction through the allocation of units in terms of the YeboYethu Employee Participation Trust ("YeboYethu ESOP"). 75% of the 1.875 billion units available to the YeboYethu ESOP were allocated to Vodacom`s permanent South African staff in September 2008 while the remaining 25% was made available to future employees for the next 5 years on a reduced sliding scale. The allocation of units to permanent South African staff is weighted 70/30 in favour of black staff. The YeboYethu ESOP has a 7-year lock up period to August 2015. At that time the allocated units, after taking into account notional vendor financing provided by Vodacom SA, will be converted into YeboYethu shares where a value could be realised by staff by selling these shares to the black public via an over the counter facility to be set up by Vodacom. Having joined Vodacom since October 2008, the above executive directors and company secretary of Vodacom and Vodacom SA were notified in November 2009 of their participation in the YeboYethu ESOP to the extent of the units reflected above. Midrand 01 December 2009 Sponsor: UBS South Africa (Pty) Limited Date: 01/12/2009 17:36:15 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.
