SENS Note - 16 March 2015

MTN GROUP LIMITED - Dealing in securities by the MTN Group Limited Performance Share Plan 2010

MTN 201503160031A Dealing in securities by the MTN Group Limited Performance Share Plan 2010 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 THE MTN GROUP LIMITED PERFORMANCE SHARE PLAN 2010 In compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements, MTN advises that it has been informed of the following dealings relating to its securities: Acquirer MTN Group Limited Performance Share Plan 2010 (“the Scheme”) Company MTN Group Limited Date of transaction 13 March 2015 Nature and details of transaction Off market acquisition of MTN Group Limited shares to satisfy the Scheme’s obligation towards its participants Class of securities Ordinary shares Number of shares acquired 467 416 Price per share R220.53 Total value of transaction R103,079,250.48 Prior clearance to deal in these shares was obtained in accordance with MTN`s policy as well as the Listings Requirements of the JSE Limited Fairland 16 March 2015 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 16/03/2015 02:35:00 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.