SENS Note - 13 July 2006

MTN--99.5% of Investcom shareholders accept offer

MTN announced that the Investcom offer would be open until further notice. As at 5:00pm (Dubai time) on 12 July 2006 it had received valid acceptances representing approximately 99.5% of the issued share capital of Investcom. This included the acceptance of the offer by M1 Ltd pursuant to the irrevocable undertaking to accept the offer. Of the acceptances received, elections to participate in the MTN share and cash alternative have been received in respect of approximately 70.6% of the issued share capital of Investcom.

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