MTN GROUP LIMITED - United States (US) re-imposes sanctions against Iran

United States (US) re-imposes sanctions against Iran

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


UNITED STATES (US) RE-IMPOSES SANCTIONS AGAINST IRAN

On 8 May 2018 the US announced its decision to withdraw from the Joint Comprehensive Plan of
Action (JCPOA) agreement and to re-impose economic sanctions against Iran. These sanctions may
limit the ability of MTN Group to repatriate cash, both dividends and loans, from MTN Irancell. We
will continue to monitor the situation including the response of the Iranian authorities and the other
JCPOA members.

During 2018 MTN Group has repatriated approximately €88 million from MTN Irancell including €61
million relating to the full 2017 dividend due to MTN as well as a further €27 million of historic
dividends. The remaining balance due to MTN is approximately IRR10,000bn (approximately €200
million).

MTN Group remains committed to our investment in Irancell and to repatriating the balance of legacy
cash in Iran whilst remaining compliant with appropriate legislation.

Fairland
9 May 2018

Sponsor
Deutsche Securities (SA) Proprietary Limited

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