Dealing in MTN Zakhele Futhi (RF) Limited Securities by an Associate of a Director of MTN - Transaction Update MTN Group Limited (Incorporated in the Republic of South Africa) Registration Number 1994/009584/06 Share code: MTN ISIN: ZAE000042164 ("MTN" or "MTN Group") DEALING IN MTN ZAKHELE FUTHI (RF) LIMITED SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF MTN - TRANSACTION UPDATE Shareholders are referred to the MTN announcement of 29 December 2017 in which it was stated that MTN had entered into a Sale of Shares Agreement with Main Street 1561 Proprietary Limited ("Main Street 1561") (being an associate of one of the MTN directors for purposes of the JSE Limited Listings Requirements) pursuant to which, subject to the satisfaction or waiver of certain conditions precedent by no later than 15 February 2018, MTN will sell 14,750,000 ordinary shares ("Sale Shares") in MTN Zakhele Futhi (RF) Limited to Main Street 1561 for an aggregate purchase price of R295,000,000.00 ("the Transaction"). MTN and Main Street 1561 have agreed to extend the date for fulfilment of the conditions precedent to 15 March 2018 to enable the last of the conditions precedent to be satisfied. In addition, subject to the satisfaction or waiver of the conditions precedent, completion of the Transaction (including the transfer of the Sale Shares to Main Street 1561 and payment of the purchase price to MTN) has also been extended and is now set to occur on or before 30 March 2018 at which time it is envisaged MTN will no longer be in a "closed period" as defined in the JSE Limited Listings Requirements. Fairland 15 February 2018 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 15/02/2018 09:00:00 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.