Dealing in securities 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: SSB Ntsele Office held: Director of Mobile Telephone Networks Proprietary Limited Name of subsidiary of the Mobile Telephone Networks Company: Proprietary Limited Date of transaction: 18 June 2019 Number of shares sold: 6000 Class of security: MTN ordinary shares of 0.01 cents each Highest market price at which R107.97 the shares were sold: Lowest market price at which R104.60 the shares were sold: Volume weighted average price R106.7786 at which the shares were sold: Total value of the transaction: R640 671.60 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 20 June 2019 Lead Sponsor JP Morgan Equities South Africa Proprietary Limited Joint Sponsor Tamela Holdings Proprietary Limited Date: 20/06/2019 05:31:00 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.