VODACOM GROUP LIMITED - Update on the Acquisition of a Further 20% Interest in Safaricom plc

Update on the Acquisition of a Further 20% Interest in Safaricom plc

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
("Vodacom" or "the Group")


UPDATE ON THE ACQUISITION OF A FURTHER 20% INTEREST IN SAFARICOM PLC

Shareholders are referred to the announcement released on SENS on 4 December 2025 and 5 December 2025,
respectively, regarding Vodacom's agreement to acquire ("Acquisition") an effective 20% interest, 15% from the
Government of Kenya and 5% from Vodafone International Holdings B.V, via Vodafone Kenya Limited's ("VKL"),
in the issued share capital of Safaricom PLC ("Safaricom"). Vodacom is pleased to announce that all conditions
precedent to the Acquisition have now been fulfilled or, where applicable, waived. The Acquisition is effective
from [30] June 2026.

Transaction update

On 26 June 2026, the Court of Appeal (Nairobi), allowed the Attorney General's application and lifted a
conservatory order related to the Acquisition thereby allowing the Acquisition to proceed. After the lifting of the
conservatory order, and by way of a block trade on the board of the Nairobi Securities Exchange,
VKL acquired the 15% interest in Safaricom from the Government of Kenya on 30 June 2026. Vodacom
also acquired an effective 5% stake in Safaricom from Vodafone International Holdings B.V.

The main petition relating to the Acquisition was heard on 29 June 2026.

Vodacom intends to update the market on its medium-term targets with the trading update, for the quarter
ended 30 June 2026, expected to be published on or around 27 July 2026.

Midrand

30 June 2026

Sponsor

Investec Bank Limited

Date: 30-06-2026 12:20:00
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