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Allocation of MTN Group shares in accordance with the Performance Share Plan 2010
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")
ALLOCATION OF MTN GROUP SHARES IN ACCORDANCE WITH THE
PERFORMANCE SHARE PLAN 2010 (MTN PERFORMANCE SHARE PLAN)
In accordance with paragraph 3.63 of the JSE Limited Listings
Requirements, shareholders are advised that the company
secretary of MTN as well as directors of major subsidiaries of
MTN were awarded and accepted shares in terms of the MTN
Performance Share Plan, the salient details of which are set out
below:
1. Name of Company Secretary SB Mtshali
Name of the company MTN
Date of transaction 28 December 2016
Number of shares awarded 12 800 shares
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R120.22
which shares were awarded
Total value of shares R1 538 816.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee, which are subject to
performance conditions, in
accordance with the MTN
Performance Share Plan
Nature of interest Direct beneficial
Clearance Yes
2. Name of director PD Norman
Name of the subsidiary Mobile Telephone Networks (Pty)
company Ltd and MTN Nigeria
Communications Limited
Date of transaction: 28 December 2016
Number of shares awarded 56 300 shares
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R120.22
which shares were
awarded
Total value of shares R6 768 386.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee, which are subject to
performance conditions, in
accordance with the MTN
Performance Share Plan
Nature of interest Direct beneficial
Clearance Yes
3. Name of director M Nyati
Name of the subsidiary Mobile Telephone Networks (Pty)
company Ltd
Date of transaction 28 December 2016
Number of shares awarded 45 800 shares
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R120.22
which shares were
awarded
Total value of shares R5 506 076.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee, which are subject to
performance conditions, in
accordance with the MTN
Performance Share Plan
Nature of interest Direct beneficial
Clearance Yes
4. Name of director SB Ntsele
Name of the subsidiary Mobile Telephone Networks (Pty)
company Ltd
Date of transaction 28 December 2016
Number of shares awarded 31 400 shares
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R120.22
which shares were awarded
Total value of shares R3 774 908.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee, which are subject to
performance conditions, in
accordance with the MTN
Performance Share Plan
Nature of interest Direct beneficial
Clearance Yes
5. Name of director JA Desai
Name of the subsidiary Mobile Telephones Networks (Pty)
company Ltd and MTN Nigeria
Communications Limited
Date of transaction 28 December 2016
Number of shares awarded 107 300 shares
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R120.22
which shares were awarded
Total value of shares R12 899 606.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee, which are subject to
performance conditions, in
accordance with the MTN
Performance Share Plan
Nature of Interest Direct beneficial
Clearance Yes
6. Name of director FJ Moolman
Name of the subsidiary MTN Nigeria Communications
company Limited
Date of transaction 28 December 2016
Number of shares awarded 66 400 shares
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R120.22
which shares were
awarded
Total value of shares R7 982 608.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee, which are subject to
performance conditions, in
accordance with the MTN
Performance Share Plan
Nature of interest Direct beneficial
Clearance Yes
7. Name of director K Toriola
Name of the subsidiary MTN Nigeria Communications
company Limited
Date of transaction 28 December 2016
Number of shares awarded 55 900 shares
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R120.22
which shares were awarded
Total value of shares R6 720 298.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee, which are subject to
performance conditions, in
accordance with the MTN
Performance Share Plan
Nature of interest Direct beneficial
Clearance Yes
Fairland
29 December 2016
Sponsor
Deutsche Securities (SA) Proprietary Limited
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