Allocation of forfeitable shares Vodacom Group Limited (Incorporated in the Republic of South Africa) (Registration number 1993/005461/06) Share code VOD ISIN ZAE000132577 (“Vodacom Group”) Allocation of forfeitable shares In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the CEO of Vodacom Group and executive directors of Vodacom (Pty) Limited were awarded shares in terms of the company’s forfeitable share plan, the salient details of which are set out below: Name of executive director: MS Aziz Joosub Designation: Chief Executive Officer Number of forfeitable shares awarded: 13 381 Vodacom shares of which 100% is subject to performance conditions Price at which shares were awarded: R149.4681 Value: R2 000 032.65 Date of award: 26 November 2015 Vesting period: 3 years from award date Nature of transaction: Direct beneficial Clearance: Yes Name of director of major subsidiary YZ Cuba Major subsidiary: Vodacom (Pty) Limited Designation: Chief Officer: Strategy and New Business Number of forfeitable shares awarded: 2 306 Vodacom shares of which 1 538 shares are subject to performance conditions Price at which shares were awarded: R149.4681 Value: R344 673.44 Date of award: 26 November 2015 Vesting period: 3 years from award date Nature of transaction: Direct beneficial Clearance: Yes Name of director of major subsidiary V Jarana Major subsidiary: Vodacom (Pty) Limited Designation: Chief Officer: Enterprise Business Unit Number of forfeitable shares awarded: 4 012 Vodacom shares of which 2 675 shares are subject to performance conditions Price at which shares were awarded: R149.4681 Value: R599 666.01 Date of award: 26 November 2015 Vesting period: 3 years from award date Nature of transaction: Direct beneficial Clearance: Yes Name of director of major subsidiary ADJ Delport Major subsidiary: Vodacom (Pty) Limited Designation: Chief Technology Officer Number of forfeitable shares awarded: 4 313 Vodacom shares of which 2 876 shares are subject to performance conditions Average price at which shares were awarded: R149.4681 Value: R644 655.91 Date of award: 26 November 2015 Vesting period: 3 years from award date Nature of transaction: Direct beneficial Clearance: Yes Name of director of major subsidiary M Makanjee Major subsidiary: Vodacom (Pty) Limited Designation: Chief Officer: Corporate Affairs Number of forfeitable shares awarded: 1 454 Vodacom shares of which 969 shares are subject to performance conditions Price at which shares were awarded: R149.4681 Value: R217 326.62 Date of award: 26 November 2015 Vesting period: 3 years from award date Nature of transaction: Direct beneficial Clearance: Yes Name of director of major subsidiary GN Motsa Major subsidiary: Vodacom (Pty) Limited Designation: Chief Officer: Consumer Business Unit Number of forfeitable shares awarded: 45 199 Vodacom shares of which 3 625 shares are subject to performance conditions Price at which shares were awarded: R149.4681 Value: R6 755 808.65 Date of award: 26 November 2015 Vesting period: 3 years from award date Nature of transaction: Direct beneficial Clearance: Yes All shares acquired for purposes of the above awards were acquired on market. Midrand 27 November 2015 Sponsor: UBS South Africa (Pty) Limited Date: 27/11/2015 11:00:00 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.