SENS Note - 12 March 2009

MTN - final results 31 December 2008

Turnover increased by 40.20% from R73 145 million to R102 526 million in 2008. Profit before income tax increased to 44.60% to R28 490 million (2007:R19 707 million). Profit attributable to ordinary shareholders increased by 44.60% to R15 315 million (R10 608 million). In addition, headline earnings on a per share basis grew to 836.5cps (584.80cps). Dividends per share A final dividend of 181.0 cps was declared for the period under review. Prospects The group remains cautiously optimistic about its prospects for 2009 in challenging trading conditions. Strategic priorities include: Actively seeking value-accretive expansion opportunities in emerging markets, with a potential to act as a consolidator in the current market environment Tightly monitored capital expenditure to ensure appropriate levels of capacity and quality of service for an enlarged market Optimise cash and operational efficiencies ensuring that the group is able to benefit from a rapidly evolving technology market while maximizing infrastructure sharing. Engaging positively with regulatory authorities. Year to date performance of the key operations in terms of subscriber net additions are as follows: South Africa 80 000, Nigeria 2.2 million, Iran, 1.5 million, Ghana 300 000, Cameroon, 200 000, Cote d`Ivoire 200 000 and Uganda 300 000.

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