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MTN GROUP LIMITED - Dealings in securities by a director of MTN Group Limited

Release Date: 30/11/2016 17:27
Code(s): MTN     PDF:  
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Dealings in securities by a director of MTN Group Limited

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


DEALINGS IN SECURITIES BY A DIRECTOR OF MTN GROUP LIMITED

In compliance with paragraphs 3.63 – 3.66 of the JSE Limited (“JSE’) Listings Requirements (“Listings Requirements”),
we hereby announce the following transaction in MTN securities by the executive chairman of MTN:


Name: PF Nhleko

Office held: Executive Chairman of MTN Group Limited

Date of transaction: 30 November 2016

Nature of transaction: Sale

Class of shares: MTN ordinary shares

Sale price per share: R113.86

Number of shares: 1,079,506

Total value of shares: R 122,912,553.16

Nature of interest: Indirect beneficial


In compliance with paragraphs 3.63 – 3.66 of the Listings Requirements, MTN refers to the announcement on the Stock
Exchange News Service of the JSE on a collar transaction dated 6 November 2014 and further advises that it has been
informed that the transaction was terminated as follows:


Name: PF Nhleko

Office held: Executive Chairman of MTN Group Limited

Date of transaction: 30 November 2016

Nature of transaction: Termination of Collar on MTN ordinary shares

Class of shares: Options over MTN ordinary shares

Terminated Purchased Put Option Strike: R226.73 per share

Terminated Sold Call Option Strike: R320.05 per share

Number of contracts: 1 218 981

Beneficial Termination Value: R130,442,175.01

Nature of interest: Indirect beneficial


Prior clearance to deal in these transactions was obtained in accordance with MTN`s policy with regard to directors’
dealings as well as the Listings Requirements.


Fairland
30 November 2016


Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 30/11/2016 05:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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