Vodacom Group Limited (JSE:VOD) News - Voluntary announcement - Vodacom (Pty) Limited (“Vodacom South Africa” or “Vodacom”) acquires 110 MHz of high demand

Vodacom Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1993/005461/06)
Share code VOD        ISIN ZAE000132577
ADR code VDMCY ISIN US9258D2009
(“Vodacom Group”)

Voluntary announcement - Vodacom (Pty) Limited (“Vodacom South Africa” or
“Vodacom”) acquires 110 MHz of high demand spectrum

Shareholders are advised that Vodacom South Africa has acquired a total of 110 MHz high
demand spectrum as part of the Independent Communications Authority of South Africa’s
(“ICASA”) auction and assignment process. Vodacom’s contribution to the auction proceeds
will significantly assist government in achieving their objectives to unlock the digital economy,
with widespread benefits across our society. Vodacom will pay R5.38 billion for a spectrum
portfolio that includes; 2 x 10 MHz in the 700 band MHz, 1 x 80 MHz in the 2600 MHz band
and 1 x 10 MHz in the 3500 MHz band.

Shameel Joosub, Vodacom Group CEO says: “This is a momentous day for South Africa. We
would like to offer our sincere congratulations to ICASA, the Minister of Communications, the
Presidency and all industry stakeholders who have co-operated in bringing this process to
fruition in the best interests of all South Africans.

Although the spectrum auction pricing was high, Vodacom is pleased with the outcome of the
auction, which is a win for all of our customers who can in the coming years benefit from even
wider coverage, faster speeds and enhanced network quality. Once the auction process is
fully concluded, Vodacom’s immediate focus will be on the deployment of valuable spectrum
to extend both 4G and 5G network coverage to more parts of the country and improve quality
of service while we continue to address the cost to communicate. The licensing of new
spectrum in South Africa is also expected to accelerate post pandemic economic recovery
and fast track digital inclusion.”

The total amount will be payable by Vodacom South Africa to ICASA within 30 working days
of the regulator’s award announcement.

Midrand
18 March 2022

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 18-03-2022 07:05:00
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