Offer Update (6805U)

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RNS Number : 6805U

Nippon Telegraph and Telephone Corp

20 October 2010

Not for release, publication or distribution, in whole or part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws in that jurisdiction

20 October 2010

Recommended Cash Offer

for

Dimension Data Holdings plc ("Dimension Data")

by

Nippon Telegraph and Telephone Corporation ("NTT")

Offer Consideration - ZAR Conversion Rate and Settlement

On 11 October 2010, NTT announced that the recommended cash Offer by NTT for the entire issued and to be issued ordinary share capital of Dimension Data had been declared wholly unconditional.

ZAR Conversion Rate

For Dimension Data Shareholders who hold Dimension Data Shares which are registered on Dimension Data's South African Branch Share Register, the rate of conversion of the Offer Consideration into ZAR is calculated on the basis set out in the Offer Document.

For those Dimension Data Shareholders who have accepted the Offer in respect of SA Dimension Data Shares after 12.00 noon (London time) on 8 October 2010, and before 12.00 noon (London time) on 18 October 2010, NTT announces that the conversion of the Offer Consideration into ZAR will be calculated using the average pound sterling/ZAR rate of ZAR 10.97082 for each GBP 1.00, being the equivalent of 13.16498 ZAR per Dimension Data Share.

Settlement of Consideration

Settlement of the consideration due under the Offer will be effected by 17.00 (London time) on 25 October 2010 in respect of Dimension Data Shares for which valid acceptances of the Offer have been received prior to 12.00 noon (London time) on 18 October 2010.

Defined terms used but not defined in this announcement have the same meanings as in the Offer Document.

- Ends -

For further information:

 
 NTT - Global Business Strategy Office   Telephone: [phone] 
                                          5191 
 

The Offer will be made in the United States in reliance on, and compliance with, Section 14(e) of the Exchange Act and Regulation 14E thereunder. The Offer will not be extended to, and may not be accepted by, holders of Dimension Data's American Depositary Receipts.

The Offer relates to the shares of a UK company and will be governed by English law. The Offer will primarily be subject to the disclosure requirements and practices applicable in the UK to takeover offers, which may differ from the disclosure requirements of the SRP and the United States. Furthermore, the payment and settlement procedures with respect to the Offer will comply with the relevant United Kingdom rules, which differ from United States payment and settlement procedures.

Publication on Website

A copy of this announcement will be made available, free of charge, on NTT's website at (http://www.ntt.co.jp/ir/index_e.html) by no later than 12.00 noon (London time) on 21 October 2010.

This information is provided by RNS

The company news service from the London Stock Exchange

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