Cautionary Announcement - MTN Holdings

MOBILE TELEPHONE NETWORKS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1993/001411/06)
Issuer Code: BIMTN
(“MTN Holdings”) or (“the Company”)


CAUTIONARY ANNOUNCEMENT

Noteholders are advised that MTN and Telkom SA SOC Limited
(Telkom) have entered into discussions in relation to MTN
acquiring the entire issued share capital of Telkom in return
for shares or a combination of cash and shares in MTN (the
Transaction).

Discussions are at an early stage and there is no certainty that
the Transaction will be consummated.

The Transaction, if concluded, may have a material effect on the
price of the Company’s securities. Accordingly, shareholders are
advised to exercise caution when dealing in the Company’s
securities until a further announcement is made.

The board of directors of MTN (Board), individually and
collectively, accept full responsibility for the accuracy of the
information contained in this announcement and certify that, to
the best of their knowledge and belief, such information is
true, and that this announcement does not omit any facts that
would make any of the information false or misleading or would
be likely to affect the importance of any information contained
in this announcement. The Board has made all reasonable
enquiries to ascertain that no facts have been omitted and that
this announcement contains all information required by law.

Fairland
15 July 2022


Johannesburg
Debt Sponsor
The Standard Bank of South Africa Limited

Date: 15-07-2022 12:07:00
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