Dealing in securities by a director of a major subsidiary of MTN MTN Group Limited (Incorporated in the Republic of South Africa) Registration number 1994/009584/06 Share code: MTN ISIN: ZAE000042164 ("MTN" or "the Company") DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY OF MTN In compliance with paragraphs 3.63 – 3.66 of the JSE Limited Listings Requirements, we hereby announce the following transaction in MTN securities by a director of a major subsidiary of MTN: Name of director: Jens Schulte-Bockum Office held: Group Chief Operating Executive and Director of major subsidiaries Name of subsidiaries of the Company: MTN Nigeria Communications Limited and Mobile Telephone Networks Proprietary Limited Date of transaction: 01 June 2018 Number of shares purchased: 50 000 Class of security: MTN ordinary shares of 0.01 cents each Highest market price at which the R115.82 shares were purchased: Lowest market price at which the shares R114.68 were purchased: Volume weighted average price at which the R115.0705 shares were purchased: Total value of the transaction: R5 753 525.00 Nature of transaction: On-market purchase of shares 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 05 June 2018 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 05/06/2018 03:15:00 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.