Following recent press reports relating to Barclays Africa's role as financial adviser on the sale of 9Mobile, Barclays Africa wishes to clearly state that these reports are inaccurate. This is not surprising, having come from so-called "sources" without authoritative knowledge of the process.

Barclays Africa has full faith and confidence in the fairness and transparency of the process it has run to date.

Contrary to media speculation, Barclays Africa has also not resigned its mandate in the transaction and remains committed to a speedy and satisfactory conclusion of the process.