| SENS Note - 10 May 2006 |
| MTN announces board changes |
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MTN announced the proposed appointment of six independent non-executive directors to its board of directors. The new appointees are Peter Woicke (Germany), Dr Christopher Kolade (Nigeria), Dr Mamphela Ramphele (South Africa), Ms Koosum Kalyan (South Africa), Johnson Njeke (South Africa) and Sheik Abduragman Sharbatley (Saudi Arabia). The international expansion of MTN and its geographical scope of business has prompted the group to review its board composition and management operating structures. Subject to shareholder approval, with effect from 13 June 2006, the reconstituted MTN board will comprise: Mr Cyril M Ramaphosa (Chairman), Mr Phuthuma F Nhleko (President and CEO), Mr Sifiso Dabengwa (Chief Operating Officer), Mr Robert Nisbet (Chief Financial Officer) ), Mr Peter Woicke, Dr Christopher Kolade, Dr Mamphela Ramphele, Ms Koosum Kalyan, Mr Johnson Njeke and Sheik Abduragman Sharbatley, Mr Jan Strydom, Mr Alan van Biljon, Mr Doug Band and Ms Moira Moses. Messrs Paul Heinamann and Zithulele Cindi will shortly be retiring from the MTN Group Board, thereafter to serve as Non-Executive Directors on Mobile Telephone Networks Pty Limited (MTN South Africa), which will be chaired by Mr Heinamann. Mesdames Irene Charnley and Santie Botha will also retire from the MTN Group Board to focus on certain key regional boards and other operational responsibilities. The MTN board will also support its new operating and reporting structure, which will comprise three regional focus areas Southern Africa, West / Central Africa and Middle East / East Africa. Mrs Irene Charnley and Mr Christian De Faria have been appointed as regional Vice Presidents responsible for Middle East/ East Africa and West Africa, respectively. A third Vice President, whose appointment will be confirmed shortly, will be responsible for the Southern Africa region. It is likely that there would be further additions to the MTN board and operational structure, upon the unconditional closing of the transaction that MTN has entered into with Investcom LLC. |
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