Press article in Nigerian publication and cautionary announcement MTN Group Limited (Incorporated in the Republic of South Africa) Registration number: 1994/009584/06 ISIN: ZAE000042164 Share code: MTN “ ” ( MTN or“the Company ”) PRESS ARTICLE IN NIGERIAN PUBLICATION AND CAUTIONARY ANNOUNCEMENT Shareholders are referred to the press article which appeared on Monday, 18 January 2016 in ”, “ ” “This Day a Nigerian publication ( the Press Article) which contains purported financial results of MTN Nigeria for the period ended 31 December 2015. Shareholders are informed that the Company is in the process of completing its audit and its financial results are yet to be finalised. Shareholders are further informed that the profit after tax figure for MTN Nigeria for the period ended 31 December 2015 being quoted in the Press Article, is Naira 190 billion which is within the current estimate but is subject to finalisation and audit sign off. Shareholders should specifically exercise caution when reacting to information which has not been released by the Company. Shareholders are therefore advised to exercise caution when dealing in the Company’s securities until a further announcement is made. Fairland 19 January 2016 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 19/01/2016 11:00:00 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.