Allocation / Award Of MTN Group Shares in Accordance with the Performance Share Plan 2010 MTN Group Limited (Incorporated in the Republic of South Africa) Registration number 1994/009584/06 Share code: MTN ISIN: ZAE000042164 ("MTN" or "the MTN Group") ALLOCATION/AWARD OF MTN GROUP SHARES IN ACCORDANCE WITH THE PERFORMANCE SH ARE PLAN 2010 (“MTN PERFORMANCE SHARE PLAN”) In accordance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are advised that the following directors of MTN as well as of major subsidiaries of MTN were awarded and accepted shares, which are subject to performance conditions, in accordance with the MTN Performance Share Plan. The salient details of which are set out below: 1. Name of director RT Mupita Name of the company MTN Date of transaction: 21 December 2020 Number of shares awarded 530 800 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R63.08 which shares were awarded Total value of shares R33 482 864,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 2. Name of director S Perumal Name of the company Mobile Telephone Networks Proprietary Limited Date of transaction 21 December 2020 Number of shares awarded 79 400 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R63.08 which shares were awarded Total value of shares R5 008 552,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 3. Name of director & J Schulte-Bockum MTN Prescribed Officer Name of the subsidiary company Mobile Telephone Networks Proprietary Limited and MTN Nigeria Communications Plc Date of transaction 21 December 2020 Number of shares awarded 315 800 Class of security MTN ordinary shares of 0.01 cents each Market price per share at R63.08 which shares were awarded Total value of shares R19 920 664,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 4. Name of director & PD Norman MTN Prescribed Officer Name of the subsidiary company Mobile Telephones Networks Proprietary Limited and MTN Nigeria Communications Plc Date of transaction 21 December 2020 Number of shares awarded 139 100 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R63.08 which shares were awarded Total value of shares R8 774 428,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of Interest Direct beneficial Clearance Yes 5. Name of director & K Toriola MTN Prescribed Officer Name of the subsidiary company MTN Nigeria Communications Plc Date of transaction 21 December 2020 Number of shares awarded 186 200 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R63.08 which shares were awarded Total value of shares R11 745 496,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 6. Name of MTN Prescribed Officer I Jaroudi Name of Company MTN Date of transaction 21 December 2020 Number of shares awarded 209 300 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R63.08 which shares were awarded Total value of shares R13 202 644,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 7. Name of MTN Prescribed Officer E Asante Name of company MTN Date of transaction 21 December 2020 Number of shares awarded 221 600 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R63.08 which shares were awarded Total value of shares R13 978 528,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 8. Name of director & FJ Moolman MTN Prescribed Officer Name of the subsidiary company MTN Nigeria Communications Plc Date of transaction 21 December 2020 Number of shares awarded 180 700 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at which shares were awarded R63.08 Total value of shares R11 398 556,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 9. Name of director & GN Motsa MTN Prescribed Officer Name of the subsidiary company Mobile Telephone Networks Proprietary Limited Date of transaction 21 December 2020 Number of shares awarded 167 800 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R63.08 which shares were awarded Total value of shares R10 584 824,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 10. Name of director D Molefe Name of the subsidiary company Mobile Telephone Networks Proprietary Limited Date of transaction 21 December 2020 Number of shares awarded 71 300 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R63.08 which shares were awarded Total value of shares R4 497 604,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 11. Name of Director M Kadri Name of the subsidiary company MTN Nigeria Communications Plc Date of transaction 21 December 2020 Number of shares awarded 81 800 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R63.08 which shares were awarded Total value of shares R5 159 944,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 12. Name of Company Secretary T Sishuba Bonoyi Name of company MTN Date of transaction 21 December 2020 Number of shares awarded 52 100 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R63.08 which shares were awarded Total value of shares R3 286 468,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes Fairland 22 December 2020 Lead Sponsor JP Morgan Equities Proprietary Limited Joint Sponsor Tamela Holdings Proprietary Limited Date: 22-12-2020 04:30:00 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. 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