MTN GROUP LIMITED - MTN announces sale of towers in Cte dIvoire and Cameroon to IHS for a total of US$284m

MTN announces sale of towers in Côte d’Ivoire and Cameroon to IHS for a total of US$284m

MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009584/06
Share code: MTN
ISIN code: ZAE000042164
(“MTN” or “the Group”)

MTN announces sale of towers in Côte d’Ivoire and Cameroon to IHS for a total
of US$284m

MTN and IHS Holding Limited (“IHS") announced today that they have entered into
definitive agreements pursuant to which IHS will acquire up to 931 towers for $141
million from MTN Cote d’Ivoire (“MTN CIV”) and up to 827 towers from MTN Cameroon
(“MTN CMR”) for $143 million. Under the definitive agreements, IHS will be a 100%
shareholder of the tower companies set up in each country to manage the towers and
other passive infrastructure. MTN CIV and MTN CMR will be the anchor tenants on the
towers being purchased, on commercial terms, for an initial term of ten years.

The sale of towers is in line with MTN’s infrastructure sharing strategy aimed at the
monetisation of its assets and cost optimisation. The agreements include a commitment
from IHS to roll out a build-to-suit programme to support MTN’s future requirements in
both countries.

IHS is a leading African telecommunications infrastructure provider headquartered in
Nigeria. Founded in 2001, IHS provides services across the full tower value chain –
managed services, deployment and site ownership.

The transactions are expected to close during the first quarter of 2013.

MTN continues to view infrastructure sharing as one of its key strategies in driving
efficiencies in its operations across Africa and the Middle East and will continue to pursue
appropriate initiatives in that regard.

Fairland
12 October 2012

Sponsor
Deutsche Securities (SA) (Proprietary) Limited

Financial Adviser                                         Legal Advisers
Citigroup Global Markets Limited                          Simmons & Simmons

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