VOD - Vodacom Group Limited - Trading statement for annual results to

VOD - Vodacom Group Limited - Trading statement for annual results to           
31 March 2012                                                                   
Vodacom Group Limited                                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1993/005461/06)                                            
Share code: VOD     ISIN ZAE000132577                                           
JSE code: VOD003    ISIN ZAG000093097                                           
("Vodacom Group")                                                               
Trading statement for annual results to 31 March 2012                           
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies
are required to publish a trading statement as soon as they become reasonably   
certain that the financial results for the next period to be reported upon      
differ by at least 20% from those of the previous corresponding period.         
Annual results for the year ended 31 March 2012 are expected to be released on  
or about Monday 21 May 2012.                                                    
Vodacom Group delivered a strong performance with Earnings before Interest, Tax,
Depreciation and Amortisation ("EBITDA") growth of approximately 10% for the    
year ended 31 March 2012. However basic and headline earnings were negatively   
impacted by:                                                                    
-    an effective tax rate of 36% mainly due to STC on higher dividends     
         paid and the movement in net deferred tax assets derecognised; and     
    -    higher depreciation and amortisation from higher capital expenditure   
         including non cash capital additions.                                  
Headline earnings per share ("HEPS") for the year ended 31 March 2012 is        
expected to be between 5% and 10% higher than the prior year reported HEPS of   
656 cents per share.                                                            
Basic earnings per share ("EPS") for the year ended 31 March 2012 is expected to
be between 20% and 25% higher than the prior year reported EPS of 561 cents per 
share as a result of the high impairment charges impacting the prior year EPS.  
The financial information on which this trading statement is based has neither  
been reviewed nor reported on by Vodacom Group`s auditors.                      
Non -cash capital additions relate to the exchange on non monetary assets for   
the radio access network renewal programmes as well as finance leases entered   
into for the self-provisioning of transmission.                                 
Midrand                                                                         
2 May 2012                                                                      
Sponsor: UBS South Africa (Pty) Limited                                         
Debt Sponsor: Absa Capital (the investment banking division of Absa Bank        
Limited, affiliated with Barclays Bank Plc)                                     
Date: 02/05/2012 17:27:00 Supplied by www.sharenet.co.za                     
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