Trading Statement MTN Group Limited (Incorporated in the Republic of South Africa) (Registration number 1994/009584/06) Share code: MTN ISIN ZAE000042164 ("MTN") TRADING STATEMENT MTN is currently in the process of finalising its financial results for the year ended 31 December 2013. These results will be announced on Wednesday 5 March 2014. Paragraph 3.4 (b) of the Listings Requirements of the JSE Limited requires a trading statement to be published as soon as issuers and its directors are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from those of the previous corresponding period. Shareholders are advised that MTN expects an increase of between 25% and 30% in headline earnings per share ("HEPS") and attributable earnings per a share (“EPS”) for the year ended 31 December 2013 when compared with the previously reported year. The HEPS and EPS for the year were positively affected by foreign exchange gains of approximately R1.1 billion compared to foreign exchange losses of approximately R2.7 billion in the prior year. The foreign exchange gain was mainly a result of a R2.3 billion exchange rate gain in MTN Mauritius partly offset by foreign exchange losses on certain operational working capital accounts. This trading statement has neither been reviewed nor reported on by MTN`s external auditors. The information provided in this announcement does not contain and should not be construed as containing any forward looking statements or projections of any nature whatsoever for the year ended 31 December 2013. Fairland 20 February 2014 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 20/02/2014 08:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.