MTN : MTN Group appoints Deputy Head of Mergers and Acquisitions

MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009584/06
Share code: MTN
ISIN: ZAE000042164
('MTN' or 'the MTN Group')

MTN Group appoints Deputy Head of Mergers and Acquisitions

Further to our announcement about the appointment of a new Vice
President for Strategy, Mergers & Acquisitions on Monday, 4 July 2016,
MTN Group today confirms the appointment of Kholekile Ndamase as Deputy
Head of Mergers and Acquisitions, with effect from 10 September 2016.

Ndamase joins MTN from Rand Merchant Bank (RMB), where he led the
equity based financing business. In this role, he led a team of
professionals who focused on providing financing solutions for mergers
and acquisitions related transactions. With a portfolio of c R40billion
in assets, the unit contributes significantly to the investment banking
division's profits.

He brings extensive experience to the role, particularly in transaction
origination, structuring and execution. His knowledge and skills are
essential to the attainment of MTN's broader growth strategy, as we
continue to focus our efforts on developing our participation in
adjacent sectors.

While at RMB, Ndamase led the provision of financing solutions for
diversified and non-diversified investment holding companies, including
Black Economic Empowerment (BEE) transactions such as Aspen, Bidvest,
FirstRand, MTN and Steinhoff. In addition to occupying other management
roles during his 12 year tenure at the bank, he has served on the
Investment Banking Division Management Board, Investment Banking
Division Strategy Forum, and was chairperson of the Investment Banking
Division Strategy Forum. Before joining the First Rand Group in 2004,
he worked at Accenture.

He graduated from the University of Witwatersrand with a Bachelor of
Science Honours Degree cum laude.

In his new role at MTN, Ndamase will report to the Group Executive for
Mergers and Acquisitions. He joins a Strategy and Mergers & Acquisition
team that has been tasked with taking advantage of opportunities
presented by a rapidly changing sector.

Fairland
8 July 2016
Sponsor
Deutsche Securities (SA) Proprietary Limited

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