MTN GROUP LIMITED - Sale of MTN Group shares awarded in accordance with the Performance Share Plan

Sale of MTN Group shares awarded in accordance with the Performance Share Plan

MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009584/06
Share code: MTN
ISIN code: ZAE000042164
("MTN" or "the Company")

SALE OF MTN GROUP SHARES AWARDED IN ACCORDANCE WITH THE
PERFORMANCE SHARE PLAN

In compliance with paragraphs 3.63 – 3.66 of the JSE Limited Listings Requirements, we
hereby announce the following transaction in MTN securities by the Company Secretary of
MTN and a director of Mobile Telephone Networks Proprietary Limited:

1.    Name of Company Secretary                  Sibongile Mtshali

      Name of the Company                        MTN

      Date of transaction                        14 March 2017

      Number of shares sold                      1500 shares

      Class of security                          MTN ordinary shares of 0.01 cents each

      Market price at which shares               R117.01
      were sold

      Total value of shares                      R 175 515.00


      Nature of transaction                      Sale of shares awarded to employee in
                                                 accordance with the MTN Performance Share
                                                 Plan

      Nature of interest                         Direct beneficial


2.    Name of director
                                                 Sandile Sandy Bhekithemba Ntsele

      Name of the Company                        Mobile Telephone Networks Proprietary
                                                 Limited

      Date of transaction                        14 March 2017

      Number of shares sold                      1325 shares

      Class of security                          MTN ordinary shares of 0.01 cents each

      Market price at which shares were          R117.01
      sold

      Total value of shares                      R 155 038.25

      Nature of transaction                      Sale of shares awarded to employee in
                                                 accordance with the MTN Performance Share
                                                 Plan

      Nature of interest                         Direct beneficial


Prior clearance to deal in the above-mentioned transaction was obtained in accordance with
MTN`s policy as well as the Listings Requirements of the JSE Limited.


Fairland
16 March 2017


Sponsor: Deutsche Securities (SA) Proprietary Limited

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