MTN GROUP LIMITED - Involuntary dealing in securities by a director of major subsidiaries of MTN

Release Date: 06/09/2018 16:45
Code(s): MTN
 
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Involuntary dealing in securities by a director of major subsidiaries 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")


INVOLUNTARY DEALING IN SECURITIES BY A DIRECTOR OF MAJOR
SUBSIDIARIES 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 major subsidiaries 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:              05 September 2018

     Number of shares sold:            200 970

     Class of security:                MTN ordinary shares of 0.01
                                       cents each

     Highest market price at which
     the shares were sold:             R73.92


     Lowest market price at which      R73.50
     the shares were sold:

     Volume weighted average price     R73.62
     at which the shares were sold:

     Total value of the transaction:   R14 795 411.40

     Nature of transaction:            Involuntary on-market sale
                                       of shares actioned by a
                                       financial institution due
                                       to the shares being linked
                                       to an equity finance
                                       transaction

     Nature of interest:               Direct beneficial

The JSE has granted a waiver ruling as the director had no
discretion to deal in the above transaction.


Fairland
06 September 2018
Sponsor:   Deutsche Securities (SA) Proprietary Limited

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