MTN GROUP LIMITED - Trading Statement for the six months ended 30 June 2017

Trading Statement for the six months ended 30 June 2017

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 SIX MONTHS ENDED 30 JUNE 2017

MTN is currently in the process of finalising its financial results for the six months ended 30 June 2017,
which will be announced on the Stock Exchange News Service of the JSE Limited on Thursday, 3 August
2017.

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 those of the
previous corresponding period.

Shareholders are therefore advised that MTN expects to report an improvement of at least 20% in
both headline earnings per share (HEPS) and earnings per share (EPS) for the six-month period ended
30 June 2017, compared with a headline loss per share of 271 cents and attributable loss per share of
301 cents reported in the prior comparable period. The negative performance in the prior year period
was mainly as a result of non-reccurring costs, including the Nigeria regulatory fine of 474 cents per
share (cps), professional fees related to the fine of 73 cps and losses of 136 cps from MTN’s 51% equity
interest in Nigeria Tower InterCo B.V. mainly as a result of unrealised losses on US dollar-denominated
loans.

A further trading statement will be issued once the Company obtains a reasonable degree of certainty
as to the likely range within which the HEPS and EPS are expected to be finalised.

The financial information on which this trading statement is based has neither been reviewed nor
audited by MTN`s external auditors.

Fairland
14 July 2017

Sponsor
Deutsche Securities (SA) Proprietary Limited

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