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 transactions in MTN securities by the Company Secretary of MTN and a director of a major subsidiary company of MTN, Mobile Telephone Networks Proprietary Limited: 1. Name of Company Secretary: Sibongile Mtshali Name of the Company: MTN Date of transaction: 19 March 2018 Number of shares sold: 1450 shares Class of security: MTN ordinary shares of 0.01 cents each Market price at which shares were sold: R122.7218 Total value of shares: R177 946.61 Nature of transaction: On-market 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: 19 March 2018 Number of shares sold: 1250 shares Class of security: MTN ordinary shares of 0.01 cents each Market price at which shares were sold: R122.7218 Total value of shares: R 153 402.25 Nature of transaction: On-market 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 transactions was obtained in accordance with MTN`s policy as well as the Listings Requirements of the JSE Limited. Fairland 06 April 2017 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 06/04/2018 03:00:00 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.