| SENS Note - 28 May 2019 |
| MTN - capital markets day presentations |
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MTN will be hosting capital markets days in Johannesburg today, in London on 30 May 2019 and in New York on 3 June 2019, where the management team will unpack and present MTN's investment case and opportunities for growth. The presentation materials are available on our website: www.mtn.com/investors/more-in-investors/capital-markets-day Progress on asset realisation programme MTN announced its asset realisation programme in March 2019. The programme aims to simplify MTN's portfolio, reduce risk, improve returns and realise capital of R15 billion over three years. As part of this programme, MTN has agreed to sell all of its interests in investment fund Amadeus and its associated holding in Travelstart to HarbourVest, a global private equity firm, for net proceeds of approximately R1.2 billion. The transaction is expected to close within the next three months subject to customary closing conditions for a transaction of this nature. MTN will maintain its commercial relationship with Travelstart going forward. |
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