Sale of MTN Group shares awarded in accordance with the Performance Share Plan MTN Group Limited (Incorporated in the Republic of South Africa) Registration number 1994/009584/06 Share code: MTN ISIN code: ZAE000042164 ("MTN" or "the Company") SALE OF MTN GROUP SHARES AWARDED IN ACCORDANCE WITH THE PERFORMANCE SHARE PLAN In compliance with paragraphs 3.63 – 3.66 of the JSE Limited Listings Requirements, we hereby announce the following transaction in MTN securities by the Company Secretary of MTN and a director of Mobile Telephone Networks Proprietary Limited: 1. Name of Company Secretary Sibongile Mtshali Name of the Company MTN Date of transaction 14 March 2017 Number of shares sold 1500 shares Class of security MTN ordinary shares of 0.01 cents each Market price at which shares R117.01 were sold Total value of shares R 175 515.00 Nature of transaction Sale of shares awarded to employee in accordance with the MTN Performance Share Plan Nature of interest Direct beneficial 2. Name of director Sandile Sandy Bhekithemba Ntsele Name of the Company Mobile Telephone Networks Proprietary Limited Date of transaction 14 March 2017 Number of shares sold 1325 shares Class of security MTN ordinary shares of 0.01 cents each Market price at which shares were R117.01 sold Total value of shares R 155 038.25 Nature of transaction Sale of shares awarded to employee in accordance with the MTN Performance Share Plan Nature of interest Direct beneficial Prior clearance to deal in the above-mentioned transaction was obtained in accordance with MTN`s policy as well as the Listings Requirements of the JSE Limited. Fairland 16 March 2017 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 16/03/2017 05:00:00 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.