Celtel Zambia Plc ("Celtel Zambia" or "the Company"), Zambia’s largest mobile phone operator, is pleased to announce the Publication of its Prospectus for a primary listing on the Lusaka Stock Exchange ("LuSE") and Opening of its Offer for sale of 1,040,000,000 of its ordinary shares on Wednesday 30 April 2008.

Opening of the Offer	08:00 30 April 2008
Closing of the Offer	17:00 20 May 2008
Anticipated date of listing and commencement of trading on the LuSE	11 June 2008

Timetable:

Copies of the prospectus are available from the opening date of the offer, today, Wednesday 30 April 2008, during normal working hours from Monday to Friday at the offices of the sponsoring broker, Pangaea Renaissance Securities Limited, Farmers House at Central Park, Cairo Road, Lusaka, Zambia.

Copies of the prospectus can also be obtained from the branches of Standard Chartered Bank Zambia Plc, Barclays Bank Zambia Plc, Stanbic Bank Zambia Limited, Zambia National Commercial Bank Plc and the office of the other brokers; Intermarket Securities Limited, Central Park, Cairo Road, Lusaka and Stockbrokers Zambia Limited, Design House, Cairo Road, Lusaka.