Vodacom Mozambique shareholding

Vodacom Group is pleased to announce that Intelec Holdings Limitada has taken up a shareholding in VM S.A.R.L., trading as Vodacom Mozambique.

Intelec is a well-known Mozambican holding company, ranked 49th in the latest KPMG ranking of the top 100 companies in Mozambique.  The Intelec Group's holdings include such companies as Electrotec Limitada, Intelec Lites Limitada, Aberdare Intelec Limitada and Sinergisa S.A.R.L.  Vodacom Mozambique will benefit from the additional support and oversight that can be provided by a Mozambican holding company, and particularly by Mr Salimo Abdula, Intelec's chairman, a leading businessman and current chairman of the CTA (Confederao das Associaes Econmicas), a national association of chambers of trade and commerce.

Vodacom is also pleased to confirm that our original partner and co-founder, Emotel investment consortium (Empresa Moambicana de Telecomunicaes S.A.R.L.), will continue as a shareholder of Vodacom Mozambique, and that Emotel's chairman, Dr Hermenegildo Gamito, will continue to serve as the chairman of Vodacom Mozambique.

It is the objective of Vodacom to ensure increasing participation of Mozambican shareholders in Vodacom Mozambique in future.