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MTN GROUP LIMITED - Trading Statement for the year ended 31 December 2015

Release Date: 18/02/2016 17:30
Code(s): MTN     PDF:  
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Trading Statement for the year ended 31 December 2015

MTN Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
Share code: MTN
ISIN ZAE000042164
("MTN" or “the Company”)


TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2015

MTN is currently in the process of finalising its financial results for the year ended 31 December 2015 (“the
financial results”) which will be announced on the JSE Limited Stock Exchange News Service on Thursday,
3 March 2016.

Paragraph 3.4(b) of the JSE Limited Listings Requirements requires a trading statement to be published as soon
as an issuer 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 the financial results for the previous
corresponding period.

Given the ongoing discussions taking place with the Nigerian authorities, there remains some uncertainty as to
the final quantum of the Nigerian fine, should an out of court settlement be reached. Notwithstanding the
uncertainty of the outcome of the various engagements relating to the fine, shareholders are advised that,
excluding the fine, the Company is expecting to report a decrease of at least 20% in basic headline earnings per
share (“HEPS”), which equates to a reduction of at least 307 cents for the year ended 31 December 2015 when
compared with the previously reported HEPS (FY2014) of 1 536 cents. The negative earnings performance has
been impacted by a number of factors with the operational underperformance in Nigeria, resulting from the
subscriber disconnections and the withholding of regulatory services, being a key contributor to this.

Shareholders are advised that a further trading statement will be issued as soon as there is a reasonable
degree of certainty as to the likely range within which the Company’s HEPS is expected to decrease.

The financial information on which this trading statement is based 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
period ended 31 December 2015.


Fairland
18 February 2016

Sponsor
Deutsche Securities (SA) Proprietary Limited

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