SENS Note - 25 May 2009

MTN -- Bharti scheme of arrangement

MTN Group is pleased to announce that MTN and Bharti Airtel Ltd ("Bharti") are currently exploring a potential transaction whereby MTN and its shareholders would acquire, pursuant to a scheme of arrangement, an approximate 36% economic interest in Bharti, of which 25% would be held by MTN with the remainder held directly by MTN shareholders, and Bharti would acquire an approximate 49% shareholding in MTN. Bharti and MTN have agreed to discuss the potential transaction exclusively with one another until 31 July, 2009. The potential transaction between Bharti and MTN would create a leading telecommunication service provider group aligning Bharti's market leading Indian business with MTN's market leading African and Middle Eastern operations. The potential transaction would also represent a significant development in South-South cooperation between India and South Africa.

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