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 2014. These results will be announced on Wednesday 4 March 2015. 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 5% and 15% (equating to a range of between 1482 cents and 1623 cents) in headline earnings per share ("HEPS") and an increase of between 15% and 25% (equating to a range of between 1679 cents and 1825 cents) in attributable earnings per a share (“EPS”) for the year ended 31 December 2014 when compared with the previously reported HEPS and EPS of 1411 cents and 1460 cents, respectively, for the year ended 31 December 2013. The EPS for the 2014 financial year was positively impacted by the transaction whereby the MTN Nigeria’s passive infrastructure was transferred to an associate. MTN Group has retained a 51% interest in the newly created entity and MTN Nigeria will lease-back the towers for its operations. 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 2014. Fairland 19 February 2015 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 19/02/2015 02:40:00 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.