MTN Says Approval Granted By Nigerian Communications Commission For Spectrum Lease Agreements

MTN Group Ltd MTN:

• MTN - APPROVAL GRANTED BY NIGERIAN COMMUNICATIONS COMMISSION FOR LEASE OF FREQUENCY SPECTRUM FROM T2 MOBILE LIMITED

• MTN - EFFECTIVE 1 OCT , MTN NIGERIA TO LEASE 5MHZ FDD IN 900MHZ BAND & 15MHZ FDD IN 1800MHZ BAND FROM T2 MOBILE FOR PERIOD OF 3 YEARS

• MTN - MTN NIGERIA WILL NOT RENEW EXISTING ONE-YEAR LEASE AGREEMENT WITH NATCOM DEVELOPMENT AND INVESTMENT LTD