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Annexure 1

Interests in subsidiary companies and joint ventures at 31 December 2012

        2012   2011  
Subsidiaries and joint ventures in which MTN Group
Limited has a direct and indirect interest		 Principal activity Place of
incorporation		   Effective % interest
in issued ordinary
share capital		  
MTN Afghanistan Limited Telecommunications Afghanistan   90,9   90,9  
Spacetel Benin SA Telecommunications Benin   75   75  
Deci Investments Proprietary Limited1 Investment holding company Botswana   33,3   33,3  
Econet Wireless Citizens Limited Investment holding company Botswana   82,8   82,8  
Mascom Wireless Botswana Proprietary Limited1 Network operator Botswana   53,1   53,1  
MTN Business Solutions Botswana Proprietary Limited Internet service provider Botswana   80   80  
Easydial 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  
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   70   70  
Afnet Internet service provider Côte d’ Ivoire   67,7   64,7  
Arobase Fixed line operator Côte d’ Ivoire   67,7   64,7  
MTN Côte d’Ivoire S.A. Network operator Côte d’ Ivoire   67,7   64,7  
Infotel Limited Telecommunications and consumer products Cyprus   50   50  
MTN Cyprus Limited Telecommunications Cyprus   50   50  
OTEnet Cyprus Limited Telecommunications Cyprus   50   50  
Fourteenth Avenue Investment Holding Limited Holding company Dubai   100   100  
MTN ICT Services PLC ICT service provider Ethiopia   99,9   –  
Uniglobe SA2 Management company France   –   99,8  
Easynet Search Limited Internet service provider Ghana   99,6   99,6  
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 Telecommunication Company Services (PJSC)1 Network operator Iran   49   49  
MTN Business Limited (Kenya) Internet service provider Kenya   42   42  
MTN Business Kenya Limited Internet service provider Kenya   42   42  
Inteltec Offshore SAL Maintenance and engineering services Lebanon   99,8   99,8  
MTN (Dubai) Limited Holding company UAE   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 Limited1 Internet service provider Mauritius   60   60  
MTN Business Solutions Namibia Proprietary Limited Internet service provider Namibia   100   100  
MTN (Netherlands) Co-Op UA Holding company Netherlands   100   100  
MTN (Netherlands) BV Holding company Netherlands   100   100  
MTN NIC BV Holding company Netherlands   100   100  
Electronic Funds Transfer Operations Nigeria Limited Virtual airtime Nigeria   50   50  
MTN Nigeria Communications Limited Network operator Nigeria   78,83   78,83  
XS Broadband Limited Telecommunications Nigeria   78,83   78,83  
Galactic Engineering Projects SA Holding company Panama   78   78  
Vernis Associates SA Holding company Panama   100   100  
MTN Congo S.A. Network operator Republic of the Congo   100   100  
MTN Rwandacell S.A.R.L Network operator Rwanda   80   80  
Village Phone Rwanda2 Airtime sales Rwanda   –   100  
Aconcagua 11 Proprietary Limited Property holding South Africa   100   100  
Cell Place Proprietary Limited Cellular dealership South Africa   100   100  
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 South Africa   100   100  
Oltio Proprietary Limited (MTN Mobile Money Holdings Proprietary Limited)1 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  
Inteltec Macroc SA Maintenance and engineering services Monaco   99,83   99,83  
MTN Sudan Company Limited Network operator Sudan   85   85  
Swazi MTN Limited1 Network operator Swaziland   30   30  
MTN Syria (JSC) Telecommunications Syria   75   75  
MTN Publicom Limited Payphone services Uganda   96   96  
MTN Uganda Limited Network operator Uganda   96   96  
MTN SEA Shared Services Limited Shared services hub Uganda   100   –  
Spacetel International Limited Dormant company United Kingdom   100   100  
Cotel Holdings Limited Investment holding company Zambia   100   100  
MTN (Zambia) Limited Network operator Zambia   86   86  
MTN Business Solutions Limited (Zambia) Internet service provider Zambia   48   48  
MTN Mobile Money Limited Wireless banking services Zambia   86   –  

1 Joint venture.
2 Company dissolved in 2012.

 
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