VODACOM GROUP LIMITED - Shareholder letter of support for the proposed Safaricom acquisition

Shareholder letter of support for the proposed Safaricom acquisition

Vodacom Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1993/005461/06)
Share code: VOD ISIN: ZAE000132577
ADR code: VDMCY ISIN: US92858D2009
("Vodacom Group" or “the company”)

Shareholder letter of support for the proposed Safaricom acquisition


Further to the announcement released by the company on SENS on 15 May 2017 and published in the press
on 16 May 2017, which provided details of the transaction where Vodacom Group, subject to certain conditions,
would acquire an indirect 34.94% interest in Safaricom Limited (“Safaricom”) (“proposed transaction”),
shareholders are advised that Vodacom Group has received a letter of support for the proposed transaction
from the Public Investment Corporation (SOC) Limited (“PIC”). The PIC, which includes the Government
Employees Pension Fund, holds a 15.63% interest in Vodacom Group. In its letter of support, the PIC has
undertaken to vote in favour of the resolutions required to implement the proposed transaction at the general
meeting to be convened by Vodacom Group.


Midrand

2 June 2017

Transaction sponsor

Nedbank Corporate and Investment Banking

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