ATR - Africa Cellular Towers Limited - IDC Funding secured and withdrawal of the

ATR - Africa Cellular Towers Limited - IDC Funding secured and withdrawal of the
cautionary announcement                                                         
AFRICA CELLULAR TOWERS LIMITED                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 2000/027374/06)                                            
JSE code: ATR                                                                   
ISIN: ZAE000088084                                                              
("ACTOWERS" or "the Company" or "the Group")                                    
IDC FUNDING SECURED AND WITHDRAWAL OF THE CAUTIONARY ANNOUNCEMENT               
Shareholders are referred to the SENS announcement, dated 28 January 2011,      
wherein the Company advised that it had been successful in securing debt funding
and was in the process of finalising the terms of the debt facility with the    
potential funder.                                                               
ACTOWERS is pleased to announce that an agreement has been entered into with the
Industrial Development Corporation (IDC), in respect of a R99 million funding   
facility, staggered over the next six years at market related rates, to assist  
with capital expenditure and working capital requirements of the Group.         
Accordingly, the cautionary announcement is hereby withdrawn.                   
11 March 2011                                                                   
Designated Adviser                                                              
Vunani Corporate Finance                                                        
Date: 11/03/2011 12:12:01 Supplied by www.sharenet.co.za                     
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