Vodafone Vodacom

Vodafone notes the announcement issued by Telkom SA Limited and
confirms that it has made a non-binding proposal to acquire a 15%
stake in Vodacom Group (Proprietary) Limited for a cash consideration
of ZAR 22.5 billion less the attributable net debt of Vodacom at the
date of signing subject to, inter alia, the listing and unbundling of
Telkom’s remaining stake of 35% in Vodacom to Telkom shareholders (the
“Proposed Transaction”).

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