Annexure 1

As at 31 December 2010

INTERESTS IN SUBSIDIARY COMPANIES AND JOINT VENTURES

			Effective % interest in issued
			ordinary share capital
			December	December
Subsidiaries and joint ventures in which		Place of	2010	2009
MTN Group Limited has a direct and indirect interest	Principal activity	incorporation	%	%
MTN Afghanistan Limited	Telecommunications	Afghanistan	90,9	100
Spacetel Benin SA	Telecommunications	Benin	75	75
Deci Investments (Proprietary) Limited**	Investment holding company	Botswana	33	33
Econet Wireless Citizens Limited	Investment holding company	Botswana	82,8	82,8
Mascom Wireless Botswana (Proprietary) Limited**	Network operator	Botswana	53	53
MTN Business Solutions Botswana (Proprietary) Limited	Internet service provider	Botswana	80	80
Easy Dial International Limited	Holding company	British Virgin Islands	99	99
Interserve Overseas Limited	International business	British Virgin Islands	99	99
Investcom Consortium Holding S.A.	Holding company	British Virgin Islands	99	99
Investcom Global Limited	Managing and holding company	British Virgin Islands	99	99
Investcom International Limited	Dormant company	British Virgin Islands	99	99
Investcom Mobile Benin Limited	Holding company	British Virgin Islands	99	99
Investcom Mobile Communications Limited	Holding company	British Virgin Islands	100	100
Investcom Telecommunications Afghanistan Limited	Holding company	British Virgin Islands	100	100
Investcom Telecommunications Guinea (Conakry) Limited	Holding company	British Virgin Islands	99	99
Investcom Telecommunications Yemen Limited	Telecommunications	British Virgin Islands	100	100
MTN Yemen	Telecommunications	British Virgin Islands	82,8	82,8
Prime Call Limited	Telecommunications	British Virgin Islands	100	100
Spacetel Africa Limited	Telecommunications	British Virgin Islands	100	100
Starcom Global Limited	Holding company	British Virgin Islands	89	89
Mobile Telephone Networks Cameroon Limited	Network operator	Cameroon	70	70
MTN Network Solutions Limited	Internet service provider	Cameroon	100	100
Afnet	Internet service provider	Côte d’ Ivoire	100	100
Arobase	Fixed line operator	Côte d’ Ivoire	100	100
MTN Côte d’Ivoire SA	Network operator	Côte d’ Ivoire	64,7	64,7
	Telecommunications and consumer
Infotel Limited products	products	Cyprus	100	100
MTN Cyprus Limited	Telecommunications	Cyprus	50	51
OTEnet Cyprus Limited	Telecommunications	Cyprus	100	100
Uniglobe SA	Management company	France	99,8	99,8
Scancom Limited	Telecommunications	Ghana	97,7	97,7
Areeba Guinea S.A.	Telecommunications	Guinea	75	75
Spacetel Guinea-Bissau S.A.	Telecommunications	Guinea-Bissau	100	100
Irancell Telecommunications Services Company
(Proprietary) Limited**	Network operator	Iran	49	49
Uunet Communications (Proprietary) Limited	Internet service provider	Kenya	95	95
Uunet Kenya (Proprietary) Limited	Internet service provider	Kenya	95	95
Inteltec Offshore SAL	Maintenance and engineering services	Lebanon	99,8	99,8
Inteltec SAL	Maintenance and engineering services	Lebanon	99,99	99,99
MTN (Dubai) Limited	Holding company	Lebanon	100	100
Servico SAL	Services and transportation of goods	Lebanon	99,97	99,97
Lonestar Communications Corporation LLC	Telecommunications	Liberia	60	60
Guardrisk International Limited PCC	Insurance company	Mauritius	100	100
Mobile Botswana Limited	Investment holding company	Mauritius	100	100
MTN International (Mauritius) Limited	Investment holding company	Mauritius	100	100
Satellite Data Networks Mauritius (Proprietary) Limited**	Internet service provider	Mauritius	60	60
Inteltec Maroc SA	Maintenance and engineering services	Monaco	99,83	99,83
MTN International Carrier Services	Telecommunications	Monaco	—	99,84
MTN Business Solutions Namibia (Proprietary) Limited	Internet service provider	Namibia	100	100
Electronic Funds Transfer Operations Nigeria Limited	Virtual airtime	Nigeria	50	50
MTN Nigeria Communications Limited	Network operator	Nigeria	76,1	76,1
XS Broadband Limited	Telecommunications	Nigeria	100	100
Galactic Engineering Projects SA	Holding company	Panama	78	78
Vernis Associates SA	Holding company	Panama	100	100
		Republic of the
MTN Congo S.A. Network operator	Network operator	Congo	100	100
		Republic of the
Supercell	Network operator	Congo	70	70
MTN Rwandacell S.A.R.L **	Network operator	Rwanda	55	55
Village Phone Rwanda **	Airtime sales	Rwanda	100	35
Aconcagua 11 (Proprietary) Limited	Property holding	South Africa	100	100
Cell Place (Proprietary) Limited	Cellular dealership	South Africa	51	51
iTalk Cellular (Proprietary) Limited	Service provider	South Africa	100	100
Mobile Telephone Networks (Proprietary) Limited	Network operator	South Africa	100	100
Mobile Telephone Networks Holdings
(Proprietary) Limited	Investment holding company	South Africa	100	100
MTN Business Solutions (Proprietary) Limited	Internet service provider	South Africa	100	100
MTN Group Management Services (Proprietary) Limited	Management services	South Africa	100	100
MTN International (Proprietary) Limited Investment holding company	Investment holding company	South Africa	100	100
MTN Mobile Money Holdings (Proprietary) Limited **	Wireless banking services	South Africa	50	50
MTN Network Solutions (Proprietary) Limited Internet service provider		South Africa	100	100
MTN Propco (Proprietary) Limited	Property holding	South Africa	100	100
MTN Service Provider (Proprietary) Limited	Service provider	South Africa	100	100
Satellite Data Networks (Proprietary) Limited	Dormant company	South Africa	100	100
MTN Sudan Company Limited	Network operator	Sudan	85	85
Swazi MTN Limited**	Network operator	Swaziland	30	30
MTN Syria (JSC)	Telecommunications	Syria	75	75
MTN Publicom Limited	Payphone services	Uganda	100	100
MTN Uganda Limited	Network operator	Uganda	95	95
Spacetel International Limited	Dormant company	United Kingdom	100	100
Spacetel UK Limited	Telecommunications	United Kingdom	—	100
Cotel Holdings Limited	Investment holding company	Zambia	100	100
MTN (Zambia) Limited	Network operator	Zambia	90	100
Uunet Zambia (Proprietary) Limited	Internet service provider	Zambia	95	95

** Joint ventures.