MTN - MTN Group Limited - MTN to oppose Turkcell Claim; Reaffirms Commitment to

MTN - MTN Group Limited - MTN to oppose Turkcell Claim; Reaffirms Commitment to 
Independent Hoffmann Investigation                                              
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
Share code: MTN                                                                 
ISIN ZAE000042164                                                               
("MTN")                                                                         
MTN TO OPPOSE TURKCELL CLAIM;  REAFFIRMS COMMITMENT TO INDEPENDENT HOFFMANN     
INVESTIGATION                                                                   
Johannesburg - On 2 February 2012, MTN Group Limited (MTN) alerted shareholders 
to the possibility of a claim being filed by the Turkish mobile phone operator  
Turkcell Iletisim AS (Turkcell) in the US federal courts.  While the claim has  
not been served on MTN, MTN understands that a claim has now been filed by      
Turkcell in the US courts against MTN and its wholly owned subsidiary, MTN      
International (Mauritius) Limited, in which Turkcell claims no less than US$4.2 
billion, plus interest and punitive, consequential and other damages in         
connection with the award of the second GSM licence in Iran to Irancell.        
MTN continues to believe that there is no legal merit to Turkcell`s claim and no
basis for such claim to be brought before a US court.  MTN will accordingly     
oppose the claim.MTN further notes the South African government`s denial of the 
allegations that MTN exercised influence over it.                               
In advance of Turkcell filing its claim, MTN announced the formation of an      
independent committee, under the chairmanship of the internationally renowned   
jurist, Lord Hoffmann, to investigate Turkcell`s factual allegations.  The      
Hoffmann committee has already begun its investigations and will report its     
findings to the MTN board, together with any recommendations as to actions to be
taken as a result of its findings, including as to their publication.           
The Hoffmann committee has invited Turkcell to participate in its investigation,
but Turkcell has to date not done so.  The invitation remains open to Turkcell  
to participate in the Hoffmann committee`s investigation.                       
Fairland                                                                        
29 March 2012                                                                   
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 29/03/2012 17:27:04 Supplied by www.sharenet.co.za                     
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