Make-Whole Redemption of the US$500,000,000 principal amount of 5.373% Guaranteed Notes due in February 2022 MTN Group Limited (Incorporated in the Republic of South Africa) (Registration number 1994/009584/06) (Share code MTN) (ISIN: ZAE000042164) (MTN Group or MTN) Mobile Telephone Networks Holdings Limited Incorporated in the Republic of South Africa (Registration number 1993/001411/06) Issuer Code: BIMTN (“MTN Holdings”) or (“the Company”) Make-Whole Redemption of the US$500,000,000 principal amount of 5.373% Guaranteed Notes due in February 2022 MTN Shareholders and MTN Holdings Noteholders are advised that MTN (Mauritius) Investments Limited has released an announcement on the Euronext Dublin in respect of the early redemption of the US$500,000,000 principal amount of 5.373% Guaranteed Notes (Notes) which mature on 13 February 2022. MTN Group and MTN Holdings (amongst other entities) are the guarantors of the Notes. As stated in the announcement, all the outstanding Notes will be redeemed at an amount equal to the Make-Whole Redemption Price on 1 November 2021. The early redemption is in line with the MTN Group strategy for faster deleveraging of the holdco balance sheet as part of the Ambition 2025 strategy. Shareholders and Noteholders are further advised that the announcement can be viewed at www.mtn.com Fairland 1 October 2021 Debt Sponsor: The Standard Bank of South Africa Limited Equity Sponsors: Lead Sponsor J.P. Morgan Equities South Africa Proprietary Limited Joint Sponsor Tamela Holdings Proprietary Limited Date: 01-10-2021 01:00:00 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.