Director Dealing - 11 December 2014

MTN GROUP LIMITED - Dealing in securities by an as

MTN: MTN GROUP LIMITED - Dealing in securities by an associate of a director of MTN Group MTN: MTN GROUP LIMITED - Dealing in securities by an associate of a director of MTN Group Dealing in securities by an associate of a director of MTN Group MTN Group Limited (Incorporated in the Republic of South Africa) Registration Number 1994/009584/06 Share code: MTN ISIN: ZAE000042164 ("MTN") DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF MTN GROUP In compliance with paragraphs 3.63 - 3.66 of the JSE Limited Listings Requirements, we hereby announce the following transaction in MTN securities by an associate of a director of MTN: Name of Associate: KM Goschen Relationship with director: Spouse Name of director: BD Goschen Name of company: MTN Group Limited Date of transaction: 10 December 2014 Number of shares: 2100 Purchase price per share: R213.594 Total value of shares: R448 547.40 Class of securities: MTN ordinary shares of 0.01 cents each per share Nature of transaction: Purchase of MTN shares on-market Fairland 11 December 2014 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 11/12/2014 05:10:00 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. 2014-12-11 17:10:00 Source: JSE News Service (SENS)