Trading statement for the year ended 31 December 2017 MTN Group Limited (Incorporated in the Republic of South Africa) (Registration number 1994/009584/06) (Share code MTN) (ISIN ZAE000042164) (“MTN” or “the Group”) Trading statement for the year ended 31 December 2017 MTN is currently in the process of finalising results for the 12 months ended 31 December 2017, which will be announced on the Stock Exchange News Service of the JSE Limited on Thursday, 8 March 2018. 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 12-month period ended 31 December 2017, compared with a headline loss per share of 77 cents and attributable loss per share of 144 cents for the prior financial year. The negative performance in the prior comparable period was mainly as a result of non-recurring costs, including those related to the Nigerian regulatory fine and losses on MTN’s 51% equity interest in the Nigerian tower company. Both HEPS and EPS for the 12-month period ended 31 December 2017 are expected to be positive and 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 not been reviewed and reported on by the external auditors of MTN. Fairland 29 January 2018 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 29/01/2018 08:00:00 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.