MTN GROUP LIMITED - Director and Executive Management Changes

Director and Executive Management Changes

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

DIRECTOR AND EXECUTIVE MANAGEMENT CHANGES


The MTN Group is pleased to appoint Ralph Mupita ("Ralph") to
the position of Group Chief Financial Officer (“Group CFO”) and
Executive Director of MTN Group, with effect from 3 April 2017.

Ralph is currently Chief Executive of Old Mutual Emerging
Markets and has extensive experience in the financial services
sector, having had a distinguished career at Old Mutual over the
last 16 years. The board of directors of MTN Group (“the
Board”), following accepted standard governance practice, is
assured that Ralph is suitable to take on this important role
and responsibility taking into account his background in the
highly regulated and well developed-risk framework in the
financial services sector.

Gunter Engling, currently Acting Group CFO, will assume the
position of Deputy Chief Financial Officer, with effect from 3
April 2017, reporting to Ralph Mupita.

“We have previously indicated to stakeholders, that we are
hopeful that the evolution and finalisation of the MTN Group
senior management team will be completed by year-end 2016. I am
delighted to have someone of Ralph's calibre join the team. His
background in financial services and emerging markets will stand
Ralph in good stead in his new role as Group CFO" - Phuthuma
Nhleko, Executive Chairman.

“I am pleased to be joining a Pan African, pioneering and iconic
company such as MTN. MTN has a great brand and excellent market
positions that give it an attractive and unique platform for
growth. I look forward to my new role in assisting MTN achieve
its vision and objectives” - Ralph Mupita.

Ralph holds a BSc Engineering (Hons) and an MBA both from the
University of Cape Town. Before joining Old Mutual in 2001, he
worked on engineering and construction projects in South Africa.
In his career at Old Mutual, Ralph has had a variety of senior
leadership roles that included being strategy director of Old
Mutual South Africa, and running the Retail Affluent business in
South Africa. In his current role as Chief Executive, Old Mutual
Emerging Markets, Ralph is responsible for all of Old Mutual
Plc’s operations in Emerging Markets excluding Nedbank Limited.
Old Mutual Emerging Markets operates in 19 countries in Africa,
Latin America and Asia offering life insurance, property and
casualty and banking solutions to over 24million customers,
generating R12bn (December 2015) of adjusted operating profit.

“On behalf of the Board, I extend a warm welcome to Ralph Mupita
and wish to also thank Gunter Engling for fulfilling the role of
Acting Group CFO until 3 April 2017” – Phuthuma Nhleko.



Fairland

31 October 2016

Sponsor

Deutsche Securities (SA) Proprietary Limited

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