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MTN GROUP LIMITED - Trading statement for the year ended 31 December 2017

Release Date: 29/01/2018 08:00
Code(s): MTN     PDF:  
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Trading statement for the year ended 31 December 2017

MTN Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
(Share code MTN)
(ISIN ZAE000042164)
(“MTN” or “the Group”)



Trading statement for the year ended 31 December 2017

MTN is currently in the process of finalising results for the 12 months ended 31 December
2017, which will be announced on the Stock Exchange News Service of the JSE Limited on
Thursday, 8 March 2018.

Shareholders are therefore advised that MTN expects to report an improvement of at least
20% in both headline earnings per share (HEPS) and earnings per share (EPS) for the 12-month
period ended 31 December 2017, compared with a headline loss per share of 77 cents and
attributable loss per share of 144 cents for the prior financial year. The negative performance
in the prior comparable period was mainly as a result of non-recurring costs, including those
related to the Nigerian regulatory fine and losses on MTN’s 51% equity interest in the Nigerian
tower company.

Both HEPS and EPS for the 12-month period ended 31 December 2017 are expected to be
positive and a further trading statement will be issued once the company obtains a
reasonable degree of certainty as to the likely range within which the HEPS and EPS are
expected to be finalised.

The financial information on which this trading statement is based has not been reviewed and
reported on by the external auditors of MTN.


Fairland
29 January 2018

Sponsor
Deutsche Securities (SA) Proprietary Limited

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