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MTN - MTN Group Limited - MTN announces leadership and operational structure

Release Date: 07/03/2012 16:44
Code(s): MTN
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MTN - MTN Group Limited - MTN announces leadership and operational structure changes MTN Group Limited Registration number: 1994/009584/06 ISIN code: ZAE000042164 Share code: MTN ("MTN") MTN announces leadership and operational structure changes MTN announces the appointment of Ahmad Farroukh to the position of Group Chief Operating Executive (GCOE) with effect from 1 April 2012. He is currently the MTN Vice President (VP) for the WECA region and director of a major subsidiary MTN Nigeria, having joined MTN in 2006 as part of the Investcom acquisition and later becoming CEO of MTN Nigeria - among his previous roles. The GCOE will have 7 Opco CEOs reporting directly to him (MTN Irancell, MTN Ghana, MTN Cote d`Ivoire, MTN Afghanistan, MTN Syria, MTN Cameroon and MTN Uganda). Also to report to the GCOE will be a new position, Operations Executive, which will be responsible for the rest of the operations (MTN Cyprus, MTN Guinea-Conakry, MTN Guinea-Bissau, MTN Botswana, MTN Rwanda, MTN Benin, MTN Congo-Brazzaville, MTN Liberia, MTN Sudan, MTN Swaziland, MTN Yemen and MTN Zambia). The CEOs of South Africa and Nigeria will report directly to the Group President and CEO. They will also serve on Group EXCO as full members. The new Operations Structure will work with the GCOE to support operations in the following areas: - Provide direction and guidance to the Opcos in line with the Group strategy - Implement strategic initiatives in alignment with the Group strategy - Consolidate Opco reporting - Facilitate effective execution and sharing of best practice between Opcos - Ensure operational effectiveness With the consolidation of the regional structures, current SEA VP and director of a major subsidiary MTN South Africa, Ignatius Sehoole will assume a new role in the Group Business Risk Management division with effect from 1 April 2012. MTN Group President and CEO congratulated Ahmad and Ignatius on their appointments. Fairland 7 March 2012 Sponsor Deutsche Securities (SA) (Proprietary) Limited Date: 07/03/2012 16:44:02 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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