Share Dealings

Vodacom has adopted a share dealing policy requiring all directors, senior executives and the company secretary to obtain prior written clearance from either the Chairman or Chief Executive Officer to deal in Vodacom shares.  The Chairman is required to obtain prior written clearance from the chairman of the audit committee. Closed periods are operated as defined by the JSE Listings Requirements. During these periods, the Group’s directors, executives and employees are not permitted to deal in Vodacom shares. Additional closed periods would be enforced should Vodacom be subject to any corporate activity where a cautionary announcement is published.