Latest Annual Report: 2011/03/31. RecordingCurrency: GUF in this sector: Has the company signed an IFA?: Date of IFA signing:

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1 COMPANY REPORT 26 August 211 Company Name Contact details Home Country: Address: South Africa Private Bag X994 Company Registration Date: 1993/1/1 Latest Annual Report: 211/3/31 RecordingCurrency: South African rand Sandton Johannesburg 2146 Telephone: sandi.linford@vodacom.co.za GUF in this sector: Has the company signed an IFA?: Date of IFA signing: UNI Website: Sector: Stock Exchange listings: Major Competitors: Technology and Telecommunications Johannesburg Stock Exchange (JSE) Millicom International Cellular S.A. MTN Group Limited Top five shareholders and their percentage holdings at financial year end Shareholder 1: Shareholder 2: Shareholder 3: Shareholder 4: Shareholder 5: Vodafone Group South African Government Government Employees Pension Fund (GEPF Equity) Total shareholding top 5 shareholders: 84.2 Notes ***After the share sale transaction and the capital restructure listed on the JSE in the "Telecommunications Sector" of the main board of the JSE, under the abbreviated name Vodacom, effective from the commencement of business on 18 May 29.*** As Vodacom only listed in 29 no directors' fees for the years prior to this are available. Registration number 1993/5461/6 is an African mobile communications company providing voice, messaging, data and converged services to around 4 million customers. From its roots in South Africa, Vodacom has grown its operations to include networks in Tanzania, the Democratic Republic of Congo, Mozambique and Lesotho, and provides carrier and business services to customers in over 4 African countries. Vodacom is majority owned by Vodafone, one of the world s largest mobile communications companies by revenue, and is listed on the JSE Limited under the symbol VOD. is an investment holding company. Its principal subsidiaries are engaged in the provision of a wide range of communications products and services including but not limited to voice, messaging, broadband and data connectivity and converged services. About two thirds of the companies shares are owned by UK based Vodafone Group. Page 1 of 2

2 Company Name Vodacom Group acquired Gateway on 3 December 28. Gateway is Africa s largest provider of satellite and terrestrial network infrastructure and interconnection services for African and international telecommunications companies. Gateway also provides an extensive range of high quality, end to end connectivity solutions to multinational corporations operating across Africa. Gateway services customers in 4 countries and employs 389 people in 14 offices throughout Africa and four European offices. Gateway Employees: 29: : Overall we reduced Group employees by 162 positions to (2.1% lower) mainly in Tanzania where we outsourced our network management and call centres. As now calendar year average exchange rate can be used at the time of this report, the financial year exchange rate has been used: USD: ZAR 7.18 Page 2 of 2

3 COMPANY REPORT COMPANY PERFORMANCE Company Name: COMPANY PERFORMANCE IN US Dollars USD Company Name Year End Exchange Rate Revenue USD Profit Before Tax USD Assets USD Liabilities USD Vodacom Group Limite ,836,312,57 1,474,69,929 4,38,297,872 1,99,78,14 Vodacom Group Limite ,825,634,825 1,459,129,383 4,132,46,288 2,585,368,83 Vodacom Group Limite ,538,744,76 1,212,914,692 5,611,255,924 3,822,393,365 Vodacom Group Limite ,974,795,64 1,218,664,85 5,679,972,752 3,685,967,32 Vodacom Group Limite ,523,259,53 1,76,167,131 5,77,891,365 3,517,49,471 COMPANY PERFORMANCE IN South African Rand ZAR Company Name Year End Revenue ZAR Profit Before Tax ZAR Assets ZAR Liabilities ZAR Vodacom Group Limite 27 41,146,, 1,396,, 28,47,, 13,459,, Vodacom Group Limite 28 48,178,, 12,67,, 34,175,, 21,381,, Vodacom Group Limite 29 55,187,, 1,237,, 47,359,, 32,261,, Vodacom Group Limite 21 58,535,, 8,945,, 41,691,, 27,55,, Vodacom Group Limite ,197,, 12,638,, 41,435,, 25,255,, Page 1 of 1

4 COMPANY REPORT COMPANY PERFORMANCE changes Company Name: 7 Company Revenue Revenue USD Revenue ZAR Company Profit before Tax Profit before Tax USD Profit Before Tax ZAR Page 1 of 1

5 COMPANY REPORT DIRECTORS Company Name: Primariy analysis is in USD. Remuneration is also shown ZAR to accurately reflect felt increases. CEO Biography Company Name Financial year Surname Name Gender Full year on board? Full year in position? 28 Uys Petrus (pieter) Male 29 Uys Petrus (pieter) Male 21 Uys Petrus (pieter) Male 211 Uys Petrus (pieter) Male CEO remuneration USD Financial year Exchange rate Salary USD Benefits USD Cash Bonus USD Other USD Total Annual USD LTI Payment USD Total including LTI USD ,282 62,6 98,833 1,445,175 29,26 1,735, ,623 57, ,583 1,24, ,877 1,46, ,717 3, ,654 1,457, ,176 2,176, ,65 2, ,649 1,837, ,674 2,186,836 Executive director remuneration USD Financial year No. of EDs Exchange rate Total Salary USD Total Annual Remuneration USD Average Salary USD Average Remuneration USD ,956 2,373, ,478 1,186, ,718 2,726, ,96 98, ,913,61 3,536, ,867 1,178, ,346,525 5,154,51 782,175 1,718,17 Page 1 of 3

6 Company Name: Primariy analysis is in USD. Remuneration is also shown ZAR to accurately reflect felt increases. Non executive director remuneration USD Financial year No. of NEDs Exchange rate Total Fees USD Average Fees USD ,161 21, ,358 6, ,133 42, ,842 41,584 Remuneration in South African rand ZAR CEO Remuneration ZAR Financial year Salary ZAR Benefits ZAR Cash Bonus ZAR Other ZAR Total Annual ZAR LTI Payment ZAR Total including LTI ZAR 28 3,326, ,236 8,111,493 11,951,598 2,4, 14,351, ,436, ,188 5,55, 1,468,444 1,4, 11,868, ,325, 223,674 4,151,897 1,7,571 5,271,411 15,971, ,728,125 17,578 6,445,123 13,19,826 2,51,66 15,71,486 Executive director remuneration ZAR Financial Year No. of EDs Total Salary ZAR Total Annual Remuneration ZAR Average Salary ZAR Average Remuneration ZAR ,524,664 19,632,51 3,262,332 9,816, ,21,298 23,14,35 2,733,766 7,671, ,45,833 25,959,138 4,681,944 8,653, ,848,5 37,6,83 5,616,17 12,335,361 Page 2 of 3

7 Company Name: Primariy analysis is in USD. Remuneration is also shown ZAR to accurately reflect felt increases. Non executive director remuneration ZAR Financial Year No. of NEDs Total Fees ZAR Average Fees ZAR , 175, ,63 58, ,465, , ,985, ,574 Page 3 of 3

8 COMPANY REPORT DIRECTOR FEE CHANGES Company Name: 2,, CEO Salary 15,, 1,, 5,, SumOfDShip SalaryUSD SumOfDShip Salary ,, CEO Remuneration 1,, 5,, SumOfDship Total AnnualUSD SumOfDship Total Annual ,, 5,, Average executive director salary 4,, 3,, 2,, 1,, AvgOfDShip SalaryUSD AvgOfDShip Salary

9 COMPANY REPORT DIRECTOR FEE CHANGES Company Name: 14,, 12,, 1,, 8,, 6,, 4,, 2,, Average executive director remuneration AvgOfDship Total AnnualUSD AvgOfDship Total Annual , 3, 25, 2, 15, 1, 5, Average Non executive remuneration AvgOfDShip SalaryUSD AvgOfDShip Salary

10 COMPANY REPORT COUNTRY REPORT Company Name: Total employee count Company Name Year end No. of Employees 27 5, , , , ,481 Countries of operation Country of Operation Is this the home country? Is there a recognition agreement? Country notes South Africa Tanzania 211: Overall we reduced Group employees by 162 positions to Democratic Republic of the Congo DRC in USD Mozambique Lesotho Effective 28 June 21, the Group sold 8.28% of its stake in Vodacom Lesotho (Pty) Limited ( Lesotho ) to the non controlling party Mauritius The status of Vodacom in Mauritius is not clear included here as employee numbers are disclosed. Operations Country Democratic Republic of the Congo Latest year end No. Employees Union/s Degree of unionisation Min Wage (Local) per month Min Wage USD (per annum) 211 No CBA? Lesotho 211 No Mauritius 29 4 No Mozambique 211 No South Africa 211 5,516 CWU Yes Tanzania 211 No Page 1 of 2

11 COMPANY REPORT COUNTRY REPORT Company Name: Minimum wages in USD The Wage Gap How many years it would take a worker to earn the CEO's annual remuneration. Page 2 of 2