Notice of Regulatory Hearing in Benin 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”) NOTICE OF REGULATORY HEARING IN BENIN MTN Benin has received notification from the telecoms regulator (ARCEP) on the 8th November 2017 that a process was being initiated to review the reasons why MTN Benin has not paid outstanding invoices on frequency fees for 2016 and 2017. On 30 March 2017, the Government of Benin issued MTN Benin frequency fees invoices for an amount equivalent to approximately USD 213 million for the period March 2016 to December 2017. Whilst the license agreement prescribes the calculation methodology for frequency fees it also provides that fees should take into account regional benchmarks, international practises and the local economy. MTN Benin has contested this amount on the basis that, inter alia, the amount is excessive which has been confirmed by an independent benchmark report commissioned in terms of MTN Benin’s license. We will continue to engage with the regulatory authorities in Benin to find an amicable solution to this matter. Fairland 9 November 2017 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 09/11/2017 05:30:00 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.