MTN 201510300010A
Update to shareholders and cautionary announcement

MTN Group Limited

Registration number: 1994/009584/06

ISIN: ZAE000042164

Share code: MTN

(?MTN? or the ?Group?)


UPDATE TO SHAREHOLDERS AND CAUTIONARY ANNOUNCEMENT

Further to the SENS announcement which the Company issued on 26 October 2015 relating
to this matter shareholders are advised that the Group CEO is engaging with the Nigerian
authorities on the regulatory aspects of this matter. In addition senior management of the
Company and its advisors are currently engaging with the JSE Limited on the timing of the
aforementioned SENS announcement. The Company will update shareholders through
SENS on these engagements as soon as possible.

Shareholders are therefore advised to exercise caution when dealing in the Company?s
securities until a further announcement is made.

Fairland
30 October 2015

Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 30/10/2015 08:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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