ECONET WIRELESS HOLDINGS LIMITED Financial Results For The Full Year to 28 February 2009

FINANCIAL PERFORMANCE FINANCE DIRECTOR – KRIS CHIRAIRO

Group Structure Econet Wireless Holdings Limited 100% 100% 100% 100% Econet Wireless (Private) Limited Ecoweb (Private) Limited Pentamed Investments (Pvt.) Ltd EW Capital Holdings (Private) Limited Kingdom Meikles Africa Limited. 21.66% Mutare Bottling Company (Pvt.) Ltd 66% 10.63% Africa First Renaissance Corporation (AFRE). Transaction Processing Systems (Private) Limited 84.3%

Key Performance Indicators (9,009) (3,380) 17% 10,134 59,549 961 Dec 2008 10 (2,077) 6,932 PAT / (LAT) (US$’000) 30% 58% EBITDA Margin 1,200 1,200 Connected Capacity – 000’s 87,943 28,394 Revenue (US$’000) 26,558 16,424 EBITDA (US$’000) 3,070 6,450 PBT / (LBT) (US$’000) Feb 2009 12 Feb 2009 2 Period ended: No of months

Income Statement (2,077) 6,932 (9,009) PAT 3,070 6,450 (3,380) PBT / (LBT) 26,558 16,424 10,134 EBITDA (44,572) (8,004) (36,568) Overheads 69,091 24,647 44,444 Gross profit (18,851) (3,439) (15,412) Cost of Sales 87,943 28,394 59,549 Revenue US$000 US$000 US$000 Full Year 2009 Feb 2009 2 Months Dec 2008 10 Months Twelve Months to 28 February 2009:

Balance Sheet 176,375,370 TOTAL EQUITY AND LIABILITIES 40,077,929 Currect Liabilities 49,485,279 Non Current Liabilities 86,812,162 Total Shareholders Equity 176,375,370 TOTAL ASSETS 25,585,296 Current assets 150,790,074 Non current assets Feb-09 US$

OPERATIONAL PERFORMANCE CEO – DOUGLAS MBOWENI

KEY BUSINESS OBJECTIVES Grow an active & viable subscriber base and sustain economic Tariffs in real terms Innovative products based on Current and new infrastructure Cost efficiency + Staff productivity & retention Network Hardware & Software Upgrades and expansion Key Business Objectives

Subscriber Growth

Network Coverage

Business Strategy Upgrade network infrastructure to offer total world class converged communications solutions. Expand network to grow subscriber base to 5 million over next eighteen months. Consolidate the number one market leadership position.

Upgrade network infrastructure to offer total world class converged communications solutions.

Expand network to grow subscriber base to 5 million over next eighteen months.

Consolidate the number one market leadership position.

Growth Strategy Grow subscribers base and promote MOU MARKET DEVELOPMENT Churn fixed corporate customers Diaspora market DIVERSIFICATION Mobile financial transactions EXISTING MARKET Segments NEW MARKET Segments Strategic goals: Eighteen months. Grow a network capacity of 5 million subscribers. Upgrade the network to keep pace with technological development. Consolidate coverage for all major urban & resort centers, and national highways EXISTING PRODUCTS NEW PRODUCTS Aggressively promote Data Services (multi-media) EWZ

Grow subscribers base and

promote MOU

MARKET DEVELOPMENT

Churn fixed corporate customers

Diaspora market

Strategic goals: Eighteen months.

Grow a network capacity of 5 million subscribers.

Upgrade the network to keep pace with technological development.

Consolidate coverage for all major urban & resort centers, and national highways

Aggressively promote

Data Services

(multi-media)

Next Generation Services GPRS EDGE 3G Technology Video Clip Downloads Live TV DSTV over DVB-H Full length Music Downloads Picture Messaging Customised Ring Back Tones Mono-tones Exec Brief Video Calls Corporate Connectivity (VPN) Java Games 2G Logos SMS Banking WAP Banking (Go Mula Plus ) Video & Audio Messaging MP3 Ringtones PC Data Cards for Internet Access SMS Alerts GPS Tracking fpr Fleet Management & Sales Force Tools Mobile email (Blackberry) SMS Voting SMS Gaming Directory Service Branded Content MMS Services Premium SMS Content Time 2G GPRS/EDGE 3G Mobile Internet access Movie Downloads Video Conference RICHER USER EXPERIENCE

THANK YOU

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