Director Dealing - 12 June 2019

MTN GROUP LIMITED - Dealing in securities

MTN 201906120014A Dealing in securities 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 A MAJOR SUBSIDIARY OF MTN 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 a major subsidiary of MTN: Name of Associate: Makaziwe Mothapo Relationship to Director SSB Ntsele Chief Financial Officer and Executive Director Name of Company: Mobile Telephone Networks Proprietary Limited Date of transaction: 07 June 2019 Number of shares sold: 325 Class of security: MTN ordinary shares of 0.01 cents each Market price at which shares R107.3800 were sold Total value of the R34 898.50 transaction: Nature of transaction: Sale of shares awarded to employee in accordance with the MTN Performance Share Plan Nature of interest: Direct beneficial Fairland 12 June 2019 Lead Sponsor J.P. Morgan Equities South Africa Proprietary Limited Joint Sponsor Tamela Holdings Proprietary Limited Date: 12/06/2019 10:25:00 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.