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MTN Group Limited (JSE:MTN) News - Cautionary Announcement
MTN Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
JSE Share code: MTN
ISIN: ZAE000042164
(MTN or the Company)
CAUTIONARY ANNOUNCEMENT
Shareholders 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
Transaction and Joint Sponsor
J.P. Morgan
Lead Joint Sponsor
Tamela
Joint Financial Advisors to MTN
J.P. Morgan
The Standard Bank of South Africa acting through its Corporate and Investment Banking Division
Tamela
Legal Advisors to MTN
ENS Africa
Date: 15-07-2022 09:30:00
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