Trading statement for the year ended 31 December 2018 MTN Group Limited (Incorporated in the Republic of South Africa) Registration Number 1994/009584/06 Share code: MTN ISIN: ZAE000042164 ("MTN" or the “Company”) Trading statement for the year ended 31 December 2018 MTN is currently in the process of finalising its results for the 12 months ended 31 December 2018, which will be announced on the Stock Exchange News Service of the JSE Limited (“SENS”) on or about Thursday, 7 March 2019. Shareholders are therefore advised that MTN expects to report an improvement of at least 20% or 36.4 cents and 49.2 cents respectively in both headline earnings per share (“HEPS”) and attributable earnings per share (“EPS”) for the 12-month period ended 31 December 2018, compared with headline earnings per share of 182 cents and attributable earnings per share of 246 cents for the prior financial year. A further trading statement will be issued on SENS 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 4 February 2019 Lead Sponsor J.P. Morgan Equities South Africa Proprietary Limited Joint Sponsor Tamela Holdings Proprietary Limited Date: 04/02/2019 11:13:00 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.