MOBILE TEL NETWORKS HLDGS (PTY) LTD - Ratings Announcement

Ratings Announcement

Mobile Telephone Networks Holdings (Proprietary) Limited
Registration number 1993/001411/07

Dated: 20 June 2013

Rating Agency: Fitch Ratings


Fitch assigns MTN Group Limited (“MTN” or the “Guarantor”) a
Long –Term Foreign Currency Issuer Default Rating


Noteholders are advised that Fitch have issued an announcement
relating to the assignment to the Guarantor of a long-term
foreign currency issuer default credit rating of “BBB”. The
outlook has been classified as stable post the announcement.

This rating reflects the leading market position MTN holds
across the 22 operations, adequate financial flexibility for the
Group to raise funding for the maintenance and improvement of
its network quality and coverage.

For further information contact:

Nik Kershaw, MTN Group Executive for Investor Relations
Tel: +27 11 912 4092                    Email: kersha_n@mtn.co.za

Debt Sponsor: The Standard Bank of South Africa Limited, acting
through its Corporate and Investment Banking division.

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