Investor Group Led by Helios Investment Partners Completes Acquisition of INM Outdoor

14th December 2009

Johannesburg, South Africa, 14 December 2009 – An investor group led by Helios Investment Partners (“Helios”), a leading pan‐African private equity firm, and including Citi Venture Capital International, RMB Corvest and MSG Afrika Investment Holdings, announced today that it has concluded the acquisition of INM Outdoor (Pty) Limited (“INMO”), the largest outdoor advertising company in Africa, from Independent News & Media (South Africa) (Pty) Limited (“INM”) for total consideration of ZAR 1,100 million (US$145 million). The acquisition is one of the largest disclosed private equity transactions in Sub Saharan Africa this year.

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