Involuntary dealing in securities by a director of major subsidiaries 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") INVOLUNTARY DEALING IN SECURITIES BY A DIRECTOR OF MAJOR SUBSIDIARIES 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 major subsidiaries of MTN: Name of director: Paul Deon Norman Office held: Group Chief Human Resources Officer and Director of major subsidiaries Name of subsidiaries of the MTN Nigeria Communications Company: Limited and Mobile Telephone Networks Proprietary Limited Date of transaction: 05 September 2018 Number of shares sold: 200 970 Class of security: MTN ordinary shares of 0.01 cents each Highest market price at which the shares were sold: R73.92 Lowest market price at which R73.50 the shares were sold: Volume weighted average price R73.62 at which the shares were sold: Total value of the transaction: R14 795 411.40 Nature of transaction: Involuntary on-market sale of shares actioned by a financial institution due to the shares being linked to an equity finance transaction Nature of interest: Direct beneficial The JSE has granted a waiver ruling as the director had no discretion to deal in the above transaction. Fairland 06 September 2018 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 06/09/2018 04:45:00 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.