Dealings in securities by a director 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") DEALINGS IN SECURITIES BY A DIRECTOR 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 MTN: Name of director: Ralph Tendai Mupita Office held: Group Chief Financial Officer Name of company: MTN Date of transaction: 17 April 2020 Number of bonds purchased: 320 000 Class of security: MTN Mauritius Investment Limited Bonds listed on the Irish Stock Exchange Nominal Unit USD 93.08 Final Maturity date 2024 Total value of the transaction: USD 297,856.00 (USD 304,923.29 (including interest and brokerage)) Nature of transaction: Purchase of MTN Mauritius Investment Limited Bonds listed on the Irish Stock Exchange Nature of interest: Direct beneficial Prior clearance to deal in the above-mentioned transactions was obtained in accordance with MTN`s policy as well as the Listings Requirements of the JSE Limited. By the order of the Group Board MTN Group Secretary Fairland 21 April 2020 Lead Sponsor Tamela Holdings Proprietary Limited Joint Sponsor J.P. Morgan Equities South Africa Proprietary Limited Date: 21-04-2020 12:22:00 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.