MTN GROUP LIMITED - Dealing in securities by a director of a major subsidiary of MTN

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:                 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:              20 August 2018

     Number of shares sold:            100 000

     Class of security:                MTN ordinary shares of 0.01
                                       cents each
     Highest market price at which     R103.1700
     the shares were sold:
     Lowest market price at which      R102.4300
     the shares were sold:
     Volume weighted average price      R102.7673
     at which the shares were sold:
     Total value of the transaction:   R10 276 730.00

     Nature of transaction:            On-market sale 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
23 August 2018

Sponsor:   Deutsche Securities (SA) Proprietary Limited

Date: 23/08/2018 12:47:00 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.