Safaricom Shares Cautionary Announcement on Purchase of Essar Assets

SAFARICOM LIMITED

CAUTIONARY ANNOUNCEMENT

The Directors of Safaricom Limited (“Safaricom”) wish to advise its shareholders and the public that Safaricom has entered into discussions for the acquisition of some of the assets of Essar Telecommunication Kenya Limited.

The proposed transaction is subject to obtaining all necessary regulatory approvals and exemptions.

The proposed transaction may have an effect on the value of the shares of Safaricom.

Accordingly, shareholders and the public are advised to exercise caution in relying on the information in the public domain in relation to the transaction when dealing with the Safaricom shares.

BY ORDER OF THE BOARD

ENID MURIUKI (Mrs)

COMPANY SECRETARY