MTN GROUP LIMITED - Dealing in Securities by a Director and an Associate of a Director of MTN

Dealing in Securities by a Director and an Associate of a Director of MTN

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


 DEALING IN SECURITIES BY A DIRECTOR AND AN ASSOCIATE OF A DIRECTOR
 OF MTN

In compliance with paragraphs 3.63 – 3.66 of the JSE Limited
Listings Requirements, we hereby announce the following transactions
in MTN securities by a director and associate of a director of MTN:

 1.   Name of Associate:               Pallinghurst Stables
                                       Proprietary Limited
      Relationship to Director:        Associate of Robert Andrew
                                       Shuter
      Office held:                     Executive Director and
                                       Group President and CEO
      Name of the Company:             MTN
      Date of transaction:             09 May 2018
      Number of shares purchased:      100 000
      Class of security:               MTN ordinary shares of 0.01
                                       cents each
      Market price at which the        R123.4620
      shares were purchased:
      Total value of shares:           R12 346 200.00
      Nature of transaction:           On-market purchase of
                                       shares
      Nature of interest:              Indirect beneficial


 2.   Name of director:                Ralph Tendai Mupita
      Office held:                     Executive Director and
                                       Group Chief Financial
                                       Officer
      Name of the Company:             MTN
      Date of transaction:             09 May 2018
      Number of shares purchased:      32 468
      Class of security:               MTN ordinary shares of 0.01
                                       cents each
      Market price at which the
      shares were purchased:           R123.1944
      Total value of shares:           R3 999 875.78
      Nature of transaction:           On-market purchase of
                                       shares
      Nature of interest:              Direct beneficial


 Prior clearance to deal in the above-mentioned transactions was
 obtained in accordance with MTN`s policy as well as the Listings
 Requirements of the JSE Limited.

Fairland
10 May 2018

Sponsor:   Deutsche Securities (SA) Proprietary Limited

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