MTN GROUP LIMITED - Dealing in securities by a director of a major subsidiary of MTN

Release Date: 23/08/2018 12:47
Code(s): MTN
 
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Dealing in securities by a director of a major subsidiary of MTN

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


DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY OF MTN

In compliance with paragraphs 3.63 – 3.66 of the JSE Limited Listings
Requirements, we hereby announce the following transaction in MTN securities
by a director of a major subsidiary of MTN:

     Name of director:                 Paul Deon Norman

     Office held:                      Group Chief Human Resources
                                       Officer and Director of
                                       major subsidiaries
     Name of subsidiaries of the       MTN Nigeria Communications
     Company:                          Limited and Mobile
                                       Telephone Networks
                                       Proprietary Limited
     Date of transaction:              20 August 2018

     Number of shares sold:            100 000

     Class of security:                MTN ordinary shares of 0.01
                                       cents each
     Highest market price at which     R103.1700
     the shares were sold:
     Lowest market price at which      R102.4300
     the shares were sold:
     Volume weighted average price      R102.7673
     at which the shares were sold:
     Total value of the transaction:   R10 276 730.00

     Nature of transaction:            On-market sale of shares

     Nature of interest:               Direct beneficial


Prior clearance to deal in the above-mentioned transaction was obtained in
accordance with MTN`s policy as well as the Listings Requirements of the JSE
Limited.

Fairland
23 August 2018

Sponsor:   Deutsche Securities (SA) Proprietary Limited

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