ATR - Africa Cellular Towers Limited - Suspension of Listing

ATR - Africa Cellular Towers Limited - Suspension of Listing                    
AFRICA CELLULAR TOWERS LIMITED                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 2000/027374/06)                                            
JSE code: ATR                                                                   
ISIN: ZAE000088084                                                              
("the company")                                                                 
SUSPENSION OF LISTING                                                           
Shareholders are advised of the following:                                      
A creditor of the company has perfected a cession of debtors and in terms of    
that cession, the company:                                                      
*    is not allowed to trade and/or perform on current contracts;               
*    is not allowed to use the money in the bank accounts or any money received 
    from debtors; and                                                           
*    the creditor has sent letters to the company`s bankers and debtors laying  
claim on all debtors as well as the money in the company`s bank account.    
The company has received two applications for liquidation and is imminently     
expecting a third liquidation application from a major creditor.                
At this point in time, the board is considering all its options with the        
possibility existing that it will not oppose the liquidation applications.      
Accordingly, the company has requested the JSE to suspend trading in its        
securities with immediate effect.                                               
TULISA PARK                                                                     
31 May 2012                                                                     
Designated Adviser                                                              
Vunani Corporate Finance                                                        
Date: 31/05/2012 16:30:01 Supplied by www.sharenet.co.za                     
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