MTN GROUP LIMITED - Further Cautionary Announcement

Further Cautionary Announcement

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

Further Cautionary Announcement

Further to the cautionary announcement dated 15 July 2022 in relation
to MTN and Telkom SA SOC Limited (Telkom) entering into discussions
relating to MTN acquiring the entire issued share capital of Telkom
in return for shares or a combination of cash and shares in MTN
(the Transaction), shareholders are advised that discussions are still
in progress which, if successfully concluded, may have a material
effect on the price of the Company’s securities. Accordingly,
shareholders are advised to continue to exercise caution when dealing
in the Company’s securities until a further announcement is made.

The board of directors of MTN (Board) accepts responsibility for the
information contained in this announcement and certify that, to the
best of their knowledge and belief, such information is true, and that
this announcement does not omit any facts that would make any of the
information false or misleading or would be likely to affect the
importance of any information contained in this announcement.


Fairland
22 August 2022

Transaction and joint sponsor
J.P. Morgan Equities South Africa (Pty) Ltd
Lead joint sponsor
Tamela Holdings Proprietary Limited

Joint financial advisors to MTN
J.P. Morgan
Standard Bank of South Africa
Tamela Holdings Proprietary Limited

Legal Advisors to MTN
ENS Africa

Date: 22-08-2022 07:15:00
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