BLU - Blue Label Telecoms Limited - Blue Label Refocuses its International

BLU - Blue Label Telecoms Limited - Blue Label Refocuses its International      
Strategy                                                                        
Blue Label Telecoms Limited                                                     
(Incorporated in the Republic of South Africa)                                  
(Registration number 2006/022679/06)                                            
Share code: BLU ISIN: ZAE000109088                                              
("Blue Label" or "the company")                                                 
BLUE LABEL REFOCUSES ITS INTERNATIONAL STRATEGY                                 
Blue Label has an effective 36.72% stake in Africa Prepaid Services Nigeria     
Limited through its 72% shareholding in Africa Prepaid Services (Pty) Limited.  
Following Blue Label`s cancellation of the Multi-Links contract and its         
consequent impact on the viability of the business in Nigeria, Blue Label has   
decided to terminate its business activities in this region.                    
This will enable Blue Label to redeploy its resources to its other international
businesses, in particular India and Mexico.                                     
Monday, 13 June 2011                                                            
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 13/06/2011 07:05:01 Supplied by www.sharenet.co.za                     
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