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
and 29 October 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 29 October 2024 the Competition Tribunal prohibited
the Transaction. We are still awaiting the Competition Tribunal's detailed reasons for
prohibiting the Transaction. Shareholders are advised that 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 further advised that the transaction parties remain in discussions with
regards to the transaction terms. Should agreement not be reached the Transaction may be
terminated.

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

Midrand
26 November 2024

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




Date: 26-11-2024 04:17:00
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