MTN Group Limited - Announcement to shareholders
("MTN")
(formerly M-CELL LIMITED)
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
Share code MTN
ISIN ZAE000042164
Announcement to shareholders
Shareholders are referred to the announcement of MTN"s Preliminary Reviewed
Results for the year ended 31 March 2003 which were released on SENS on
Thursday, 19 June 2003 and in the press today.
Due to a typesetting error, the paragraph headed "Prospects" incorrectly stated
the following:
"MTN South Africa is projected to grow their contribution to subscriber and
earnings growth. The international operations are expected to maintain strong
positive cash flows."
These sentences ought to have stated:
"The international operations are projected to grow their contribution to
subscriber and earnings growth. MTN South Africa is expected to maintain strong
positive cash flows."
The "Prospects" paragraph should therefore read as follows:
"Assuming current market conditions continue, the Board is confident that the
Group"s operations will show satisfactory earnings growth in the year ahead. The
international operations are projected to grow their contribution to subscriber
and earnings growth. MTN South Africa is expected to maintain strong positive
cash flows. In the face of a maturing local market, management is implementing
strategies to optimize performance.
The Group is exploring value enhancing activities, in line with its vision of
becoming the leading provider of communication services on the continent."
MTN regrets any confusion that may have been caused.
Sandton
20 June 2003
Date: 20/06/2003 10:49:05 AM Supplied by www.sharenet.co.za
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