SENS Note - 26 October 2015

MTN - NCC imposes fine on MTN Nigeria

The Nigerian Communications Commission (NCC) imposes fine on MTN Nigeria Shareholders are advised that the NCC has imposed a fine equivalent to USD5.2 billion on MTN Nigeria. This fine relates to the timing of the disconnection of 5.1 million MTN Nigeria subscribers who were disconnected in August and September 2015 and is based on a fine of N200, 000 for each unregistered subscriber. MTN Nigeria is currently in discussions with the NCC to resolve the matter in recognition of the circumstances that prevailed with regard to these subscribers. We will continue to update shareholders in this regard.