The Company has added to their media statement dated May 25, 2009, on the renewal of discussions regarding a potential transaction between Bharti Airtel Limited and MTN. Bharti and MTN had entered into an exclusivity agreement regarding the potential transaction until July 31, 2009. As discussions between the parties regarding the potential transaction are continuing, both parties have agreed to extend the exclusivity period up to August 31, 2009. No decisions or agreement to acquire any shares or implement the transactions outlined above have been made by the Boards of either Bharti or MTN and the discussions may or may not lead to any transaction. The structure and terms of the potential transaction may be adjusted to reflect further discussions between the parties. However, Wireless Federation is reporting that Bhari Airtel has requested loans of $1 billion and INR50 billion from the State Bank of India. These funds would be to make possible the merger with MTN South Africa. Regulatory or other clearance factors need only by obtained by those involved in the borrowing arrangement, which needs no capital market regulation approval.