MOBILE TEL NETWORKS HLDGS (PTY) LTD - Rating Agency: Fitch Ratings

Rating Agency: Fitch Ratings


Mobile Telephone Networks Holdings (Proprietary) Limited
Registration number 1993/001411/07

Dated: 5 June 2013

Rating Agency: Fitch Ratings

Fitch downgrades MTN Group Limited To Aa-(Zaf); Outlook Stable

In accordance with paragraph 4.25 of the JSE Debt Listings Requirements, noteholders
are advised that Fitch have downgraded the national long-term rating of MTN Group
Limited (the “Guarantor”) to AA-(ZAF) from AA(zaf). The outlook is stable post the
downgrade. Fitch has affirmed the national short term rating of the Guarantor at
F1+(zaf).

Simultaneously, Fitch has affirmed Mobile Telephone Network Holdings (Proprietary)
Limited’s senior unsecured debt rating at F1+(zaf).

For further information contact:

Nik Kershaw, MTN Group Executive for Investor Relations
Tel: +27 11 912 4092             Email: kersha_n@mtn.co.za

Debt Sponsor: The Standard Bank of South Africa Limited, acting through its Corporate
and Investment Banking division.

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