MTN statement on tax and management fee concerns

Johannesburg - MTN complies with all regulations and laws, including tax laws, in the countries where we operate, which include South Africa, Nigeria, Uganda and Ghana.

Regulatory matters in our markets are addressed directly with local authorities when required, and where applicable, duly reported in our Annual Financial Statements, as per our JSE listing requirements.

Owing to the evolving nature of our business operations and compliance frameworks in our markets, MTN continually engages authorities to find mutually agreeable ways to meet our obligations.

Where the relevant authorities may have queries, MTN has always been accessible to engage on such matters. At no point has MTN ever been found to be involved in any scheme that seeks to help the company evade its tax or legal responsibilities in any jurisdiction where we operate.

For MTN's detailed responses to the Mail & Guardian article, please visit the Media section on our corporate website or click here.

- Issued by MTN Group Corporate Affairs

About the MTN Group

Launched in 1994, the MTN Group is a leading emerging market operator, connecting subscribers in 22 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: 'MTN.' As of 30 June 2015, MTN recorded 231 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d'Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo-Brazzaville), Rwanda, South Africa, Sudan, South Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. Visit us at, www.mtnbusiness.com and www.mtn.com

Chris Maroleng: MTN Group Corporate Affairs Executive on +27 83 222 2249 or chris.maroleng@mtn.com

Twitter: @MTNGroup

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