NTT MAKES AN OFFER TO ACQUIRE DIMENSION DATA CREATING A NEW POWERHOUSE IN ICT SECTOR

Tokyo, Japan / London, UK / Johannesburg, South Africa, July 15 2010 – Nippon Telegraph and Telephone Corporation (“NTT”), one of the largest global telecommunications service providers and Dimension Data Holdings Plc (“Dimension Data”), a global specialist IT services and solutions provider, today announced that they have reached agreement on the terms of a cash offer to be made by NTT for the entire issued and to be issued ordinary share
capital of Dimension Data for approximately GBP 2.1 billion, unanimously recommended by both Boards of Directors. Summary details of the terms of the offer are set out later in this release, with full details contained in the offer announcement issued today, a copy of which can be found on the investor relations section of dimensiondata.com and ntt.co.jp. NTT has received irrevocable undertakings to accept, procure the acceptance of or recommend the
offer from the Dimension Data Directors, Venfin DDHoldings Limited and Allan Gray in respect of, collectively, approximately 52% of Dimension Data's issued shares.

Commenting on the acquisition, Satoshi Miura, President and CEO NTT said, “We are delighted that the board of directors of Dimension Data has unanimously agreed to support our offer for Dimension Data. By leveraging the complementary strengths of both companies, we are confident that we will provide end-to-end, global-one-stop and high quality ICT services. Dimension Data and NTT share the common vision to create new services and values to succeed in the coming age of cloud computing. Our combined strength will allow us to accelerate execution of our strategies to achieve our shared vision. We have established a
strong relationship between the management of Dimension Data and that of NTT. We are looking forward to welcoming the management and employees of Dimension Data to the enlarged NTT Group.

“Together, NTT and Dimension Data define a new industry standard for IT service quality, delivery, and support. NTT’s network carrier capabilities and assets coupled with Dimension Data’s global system integrator expertise create an incredibly powerful and unprecedented combination of capabilities and skills. The combined companies will hold a strong competitive position serving global corporations’ moving to managed infrastructure services and cloud computing”, commented Jeremy Ord, Executive Chairman, Dimension Data.

Ord further added, “We believe our alliance with NTT will now allow Dimension Data to accelerate the execution of our medium and long-term strategy at a rapid pace. NTT and Dimension Data have a shared vision of how the market will evolve. The combination of NTT’s global resources and Dimension Data’s system integrator capabilities is an extremely powerful combination.”

Brett Dawson, CEO of Dimension Data commented, “NTT recognises the value of Dimension Data’s entrepreneurial culture and business model; our operational processes, brands, and methodologies will all remain. NTT provides a world class, IT and communications platform globally while Dimension Data brings expertise and capabilities in specialist managed IT infrastructure and services. We are very excited to begin collaborating with NTT to expand and deliver this joint value to our clients.”

Click here for the full press release on DimensionData.com