SENS Note - 01 August 2013

MTN expects higher earnings

MTN is finalising its financial results for the six months ended 30 June 2013. These results are expected to be announced on Wednesday 14 August 2013. Shareholders were advised that MTN expects an increase of between 20% and 25% in headline earnings per share ("HEPS") for the six months ended 30 June 2013 when compared against the previously reported corresponding period. The HEPS for the six month period are positively affected by foreign exchange gains of approximately R1.0 billion compared to foreign exchange losses of approximately R1.5 billion in the prior year related to some of the group's subsidiaries resulting in markedly lower net finance costs. The information provided in this announcement does not contain and should not be construed as containing any forward looking statements or projections of any nature whatsoever for periods beyond 30 June 2013.

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