VODACOM GROUP LIMITED - Update on the Acquisition of a 30% Interest in Maziv

Update on the Acquisition of a 30% Interest in Maziv

Vodacom Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1993/005461/06)
Share code VOD  ISIN ZAE000132577
ADR code VDMCY ISIN US9258D2009


UPDATE ON THE ACQUISITION OF A 30% INTEREST IN MAZIV

Shareholders are referred to the announcement on SENS on 10 November 2021 (the "terms
announcement") and further updates on 15 May 2023, 8 August 2023, 28 November 2023,
29 October 2024 and 26 November 2024. These announcements set out details of Vodacom
(Pty) Limited's ("Vodacom") proposed acquisition of a 30% interest in Maziv Proprietary
Limited ("Maziv"), the entity that will house all of the fibre assets owned by Community
Investment Ventures Holdings (Pty) Limited ("CIVH"), including Vumatel (Pty) Limited and
Dark Fibre Africa (Pty) Limited (the "Transaction").

As indicated in the announcement dated 26 November 2024 the Transaction parties have
decided to lodge a notice of appeal with the Competition Appeal Court that will be
supplemented upon receipt of the Competition Tribunal's reasons for the prohibition.

Shareholders are advised that the Transaction parties have agreed to extend the longstop
date from 29 November 2024 to 9 December 2024 to continue discussions with regards to the
transaction terms.

Shareholders are also referred to the Remgro announcement published on SENS today.

Midrand
29 November 2024

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited




Date: 29-11-2024 05:00:00
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