SENS Note - 04 July 2016

MTN - management changes

Pursuant to the MTN announcement of 10 June 2016 and with a view to ensuring that the Group is well and appropriately capacitated to take advantage of opportunities presented by a rapidly changing sector, MTN is pleased to announce the appointment of Stephen van Coller as Vice President of Strategy and Mergers & Acquisitions effective 1 October 2016. Stephen will be the 4th Vice President of the Group, the other three having responsibility for the geographic operating regions of MTN. We expect to announce a Deputy Head of Mergers & Acquisitions shortly. Brett Goschen, the Group CFO, will be leaving MTN effective 30 September 2016 to pursue other interests. Consequently, he will be resigning from the MTN Group board of directors (“the Board”) as an executive director on the same day. Gunter Engling will assume the position of Acting Group CFO on Brett's departure until a permanent CFO is appointed. Gunter is a chartered accountant who is currently CEO of MTN Rwanda. MTN is confident that the process of reviewing its capacity, resources, governance and management structures will be substantially completed by year end and will leave the Group well positioned to successfully face a highly competitive environment and take advantage of new opportunities.

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