MTN GROUP LIMITED - MTN Group has noted US Federal Court judge ruling

MTN Group has noted US Federal Court judge ruling

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


MTN Group has noted US Federal Court judge ruling


MTN Group (MTN) has noted a United States federal court ruling to put on hold a lawsuit
by Turkcell against MTN alleging bribery pending a U.S. Supreme Court ruling whether
the case can be heard in a US court.


MTN had asked Judge Walton of the Washington district court to either dismiss the
Turkcell case outright, or stay it until after the Supreme Court renders its decision on
what has become known as the Kiobel case.


Using the Kiobel case, the judge will then decide whether Turkcell’s case against MTN
can be heard in a US court when neither is a US company, and the alleged conduct
happened on foreign territory. Legal experts predict the Supreme Court will use the
Kiobel case to restrict such cases.


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 expects the Turkcell claim to be
disposed of after the Supreme Court issues its decision in the Kiobel case. That is
expected to happen by the end of June 2013.


MTN will accordingly continue to oppose the claim.


Fairland
15 October 2012

Sponsor
Deutsche Securities (SA) (Proprietary) Limited

Date: 15/10/2012 08:29:00 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.