Listing of MTN Zakhele (RF) Limited on the JSE Exchange MTN Zakhele (RF) Limited (Incorporated in South Africa) (Registration number 2010/004693/06) Share code: MTNZBE ISIN: ZAE000208526 ("MTN Zakhele") LISTING OF MTN ZAKHELE (RF) LIMITED ON THE JSE EXCHANGE Further to the announcement released on the Stock Exchange News Service of the JSE Limited ("JSE") on 28 October 2015, MTN Zakhele shareholders are advised that the listing of MTN Zakhele's ordinary shares ("MTN Zakhele Shares") as Asset Backed Securities on the BEE Segment of the main board of the JSE under the full name "MTN Zakhele (RF) Limited" with the abbreviated name of "Zakhele" (JSE alpha code of "MTNZBE" and ISIN Code of ZAE000208526), will proceed on 5 November 2015. Furthermore, MTN Zakhele shareholders are referred to the cautionary announcement released by MTN Group Limited ("MTN") on 2 November 2015 and, as MTN Zakhele’s only material asset consists of shares in MTN, MTN Zakhele shareholders should consider the cautionary announcement, as well as subsequent announcements released by MTN relating thereto, when trading in MTN Zakhele Shares. Johannesburg 3 November 2015 Corporate advisor Tamela Holdings Proprietary Limited Merchant bank and sponsor RAND MERCHANT BANK (a Division of FirstRand Bank Limited) Corporate law advisors Webber Wentzel 1 Date: 03/11/2015 05:39:00 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.