Scanscom SFO stories in Ghanaian media

MTN/SCANCOM LTD REACTS TO Serious Fraud Office (SFO) ALLEGATIONS AGAINST INVESTCOM/Scancom LTD

PRESS STATEMENT

Accra September 20, 2007 - Mobile Telecommunications Network (MTN), current owner and operator of Scancom Ltd, wishes to assure the public that the allegations leveled by the Serious Fraud Office (SFO) against Investcom and its directors are being addressed by the affected parties, who categorically deny any wrongdoing on their part.

Investcom and its directors insist that during the relevant period cited by the SFO (at which time Investcom was under different ownership) they conducted the business of Investcom and Scancom in compliance with the laws of Ghana.

MTN, as the new owner, has had no reason to believe that Investcom/Scancom Ltd infringed the laws of Ghana.

MTN has confidence in the legal process in Ghana and will cooperate with the authorities to ensure that justice prevails in relation to these matters.

MTN would regard it as unfortunate for these matters to be subjected to trial by the media.

MTN is committed to conducting business in Ghana transparently and in compliance with Ghanaian legal and regulatory requirements.

MTN aims to establish world class telecommunications services in Ghana as it is successfully doing in twenty (20) other countries in Africa and the Middle East including Iran, Afghanistan, Nigeria, South Africa, Uganda, Cameroon and Yemen.

Media Contact

Mawuena Dumor (Ms.) Corporate Services Executive madumor@mtn.com.gh