MOBILE TELEPHONE/MTN Group Raises USD1 Billion MOBILE TELEPHONE NETWORKS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1993/001411/06) Instrument Code: MTN04 ISIN: ZAG000078619 (“MTNH”) or (“the Company”) MTN GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 1994/009584/06) JSE Code: MTN ISIN: ZAE000042164 (“MTN Group”) MTN GROUP RAISES USD1 BILLION MTN Group launches USD500m Feb 22s @5.373% and USD500m Oct 26s @6.5% RegS/144a notes MTNH and MTN Group announce the successful pricing of the dual tranche USD500 million Long 5-year and USD500 million 10-year notes. Proceeds of the issue, which is due to settle on 13 October 2016, will be used for purposes of capital expenditure; to pay down working capital facilities; and for general corporate purposes. The notes maturing in February 2022, have a coupon of 5.373% and the notes maturing in October 2026 have a coupon of 6.5%, and will be listed on the Irish Stock Exchange. The joint book- runners for the issue are Barclays, Bank of America Merrill Lynch, Citi Bank (B&D) and The Standard Bank of South Africa Limited. MTN (Mauritius) Investments Limited is the issuer of the notes that are guaranteed by MTN Group, Mobile Telephone Networks Holdings Limited, MTN International (Mauritius) Limited, MTN International Proprietary Limited and Mobile Telephone Networks Proprietary Limited. MTN Group is rated Baa3 by Moody’s (Negative Outlook), and BB+ by S&P (Stable Outlook). Fairland 6 October 2016 Debt Sponsor The Standard Bank of South Africa Limited Sponsor Deutsche Securities (SA) Proprietary Limited Date: 06/10/2016 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.