Cell C signs extended roaming agreement with MTN South Africa and Withdrawal of cautionary announcement Blue Label Telecoms Limited (Incorporated in the Republic of South Africa) (Registration number 2006/022679/06) Share code: BLU ISIN: ZAE000109088 (“Blue Label”) CELL C SIGNS EXTENDED ROAMING AGREEMENT WITH MTN SOUTH AFRICA AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Blue Label Shareholders are referred to the cautionary announcement dated 7 August 2019 and subsequent renewals. Blue Label shareholders are notified that Cell C has signed long form agreements with MTN South Africa for an extended national roaming agreement. The transaction is subject to certain conditions precedent. In May 2018, Cell C signed its first roaming agreement with MTN, providing Cell C with 2G, 3G and 4G roaming services on MTN's network in select areas of South Africa. The new agreement will see this access expanded to enable Cell C to roam on MTN's network in all areas of the country. This agreement is a reflection of shifts in the global telecommunications industry and technological developments that promote efficient utilisation of network infrastructure and make it possible for mobile operators to avoid duplication of investment. Cell C continues to pursue its network and traffic optimisation plans and progress is being made on its recapitalisation which will improve the company’s liquidity. Blue Label Shareholders are accordingly advised that caution is no longer required in dealing in Blue Label securities in this regard. Sandton 18 November 2019 Financial Adviser and Sponsor Investec Bank Limited Date: 18/11/2019 09:59:00 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.
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