Dealing in securities 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 DIRECTORS AND PRESCRIBED OFFICERS OF MTN AND ITS MAJOR SUBSIDIARIES In compliance with paragraphs 3.63 – 3.66 of the JSE Limited Listings Requirements, we hereby announce the following transaction in MTN securities pursuant to a vesting of shares in accordance with the Performance Shares Plan. Name of director: Ralph Mupita Office held: Group President and CEO Name of Company: MTN Date of transaction: 24 March 2021 Number of shares purchased: 88 725 Class of security: MTN ordinary shares of 0.01 cents each Market price at which shares R84.95 were purchased Total value of the transaction: R7 537 189 Nature of transaction: On-market-purchase of shares awarded to employee in accordance with the MTN Performance Share Plan Nature of interest: Direct beneficial Name of director: Karl Toriola Office held: MTN Nigeria CEO Name of Company: MTN Nigeria Communications Limited Date of transaction: 24 March 2021 Number of shares sold: 51 825 Class of security: MTN ordinary shares of 0.01 cents each Market price at which shares R84.95 were sold Total value of the transaction: R 4 402 534 Nature of transaction: On-market sale of shares awarded to employee in accordance with the MTN Performance Share Plan Nature of interest: Direct beneficial Name of director: Godfrey Motsa Office held: MTN South Africa CEO Name of Company: Mobile Telephone Networks Pty Limited Date of transaction: 24 March 2021 Number of shares purchased: 52 275 Class of security: MTN ordinary shares of 0.01 cents each Market price at which shares R84.95 were purchased: Total value of the R4 440 761 transaction: Nature of transaction: On-market purchase of shares awarded to employee in accordance with the MTN Performance Share Plan Nature of interest: Direct beneficial Name of director: Jens Schulte Bockum Office held: Director of major subsidiaries Name of Company: Mobile Telephone Network Proprietary Limited. MTN Nigeria Communications PLC Date of transaction: 24 March 2021 Number of shares sold: 94 125 Class of security: MTN ordinary shares of 0.01 cents each Market price at which shares R84.95 were sold Total value of the R 7 995 919 transaction: Nature of transaction: On-market sale of shares awarded to employee in accordance with the MTN Performance Share Plan Nature of interest: Direct beneficial Name of director: Paul Norman Office held: Director of major subsidiaries Name of Company: Mobile Telephone Network Proprietary Limited. MTN Nigeria Communications PLC Date of transaction: 24 March 2021 Number of shares purchased: 43 275 Class of security: MTN ordinary shares of 0.01 cents each Market price at which shares R84.95 were purchased Total value of the R3 676 211 transaction: Nature of transaction: On-market purchase of shares awarded to employee in accordance with the MTN Performance Share Plan Nature of interest: Direct beneficial Name of director: Sugentharan Perumal Office held: Director of major subsidiaries Name of Company: Mobile Telephone Network Proprietary Limited. MTN Nigeria Communications PLC Date of transaction: 24 March 2021 Number of shares purchased: 23 100 Class of security: MTN ordinary shares of 0.01 cents each Market price at which shares R84.95 were purchased Total value of the R 1 962 345 transaction: Nature of transaction: On-market purchase of shares awarded to employee in accordance with the MTN Performance Share Plan Nature of interest: Direct beneficial Name of director: Ferdi Moolman Office held: Director of major subsidiaries Name of Company: Mobile Telephone Network Proprietary Limited. MTN Nigeria Communications PLC Date of transaction: 24 March 2021 Number of shares sold: 49 575 Class of security: MTN ordinary shares of 0.01 cents each Market price at which shares R84.95 were sold Total value of the R4 211 396 transaction: Nature of transaction: On-market sale of shares awarded to employee in accordance with the MTN Performance Share Plan Nature of interest: Direct beneficial Name of director: Ismail Jaroudi Office held: Prescribed Officer Name of Company: MTN Date of transaction: 24 March 2021 Number of shares purchased: 58 200 Class of security: MTN ordinary shares of 0.01 cents each Market price at which shares R84.95 were purchased: Total value of the R 4 944 090 transaction: Nature of transaction: On-market purchase of shares awarded to employee in accordance with the MTN Performance Share Plan Nature of interest: Direct beneficial Name of director: Ebenezer Asante Office held: Prescribed Officer Name of Company: MTN Date of transaction: 24 March 2021 Number of shares sold: 58 500 Class of security: MTN ordinary shares of 0.01 cents each Market price at which shares R84.95 were sold Total value of the R 4 969 575 transaction: Nature of transaction: On-market sale of shares awarded to employee in accordance with the MTN Performance Share Plan Nature of interest: Direct beneficial Name of director: Modupe Kadri Office held: Director of a major subsidiary Name of Company: MTN Nigeria Communications PLC Date of transaction: 24 March 2021 Number of shares sold: 23 775 Class of security: MTN ordinary shares of 0.01 cents each Market price at which shares R84.95 were sold Total value of the transaction: R 2 019 686 Nature of transaction: On-market sale of shares awarded to employee in accordance with the MTN Performance Share Plan 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. Fairland 29 March 2021 Lead Sponsor J.P. Morgan Equities South Africa Proprietary Limited Joint Sponsor Tamela Holdings Proprietary Limited Date: 29-03-2021 02:23:00 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.