Forward-looking Statements

Certain of the statements included in this Prospectus constitute forward-looking statements that involve risks and uncertainties. Forward-looking statements may generally be identified by the use of terminology such as “may”, “might”, “will”, “will likely result”, “will continue”, “expect”, “are expected to”, “intend”, “plan”, “seek”, “project”, “projection”, “potential”, “could”, “should”, “estimate”, “anticipate”, “believe”, “outlook” or similar phrases. Other than statements of historical facts, all statements, including, among others, statements regarding the future financial position or business strategy, projected levels of growth in its market, projected costs, estimates of capital expenditures and plans and objectives of management for future operation of Botswana Telecommunications Corporation are forward-looking statements. The actual future performance of the Company could differ materially from these forward-looking statements.

Undue reliance should not be placed on these forward-looking statements. All written and oral forward looking statements attributable to the BTCL Board or persons acting on their behalf are qualified in their entirety by these cautionary statements. Moreover, unless the Directors of Botswana Telecommunications Corporation are required by law to update these statements, they will not necessarily update any of these statements after the date of this Prospectus, either to confirm them with actual results or with regard to changes in their expectations.

The Directors are making available certain forecasts by way of the Additional Financial Information for illustrative purposes only and wish to emphasise that they cannot verify and have not verified or procured an audit of these numbers and the related assumptions. It must be noted that the Additional Financial Information has not been audited or reviewed by any advisors, reporting accountants or auditors. BTCL has prepared these numbers on the aggregate assumptions set out in the Prospectus, although it must be emphasised that these numbers and the related assumptions have not been independently verified or reviewed by any advisors, reporting accountants or auditors.

Read more in the document below.

2015 IPO Prospectus

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