MTN GROUP LIMITED - Changes to the board of MTN Group

Changes to the board of MTN Group

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

CHANGES TO THE BOARD OF MTN GROUP

   In compliance with paragraph 3.59 of the JSE Listings Requirements,
   the board of directors (“Board”) of the Company wishes to advise
   shareholders of the following Board changes:
1. Nosipho Molope

  The Company is pleased to announce the appointment of Nosipho Molope
  as an independent non-executive director of MTN Group, effective, 1
  April 2021.

  Nosipho holds a Bachelor of Science from the University of the
  Witwatersrand (BSC Med) as well as a Bachelor of Accounting Science
  (Hons)(CTA) from the University of South Africa and is a Chartered
  Accountant (SA).

  She has a wealth of experience in telecommunications, packaging,
  agricultural and petrochemical sectors. Having been a director and
  chairman of the audit and risk committees in various MTN operating
  companies, she is well versed in the challenges and complex regulatory
  requirements of the markets, where MTN operates.

  Nosipho currently serves on the boards of several MTN operating
  companies, including South Africa, Uganda, Rwanda, Zambia and
  eSwatini. In addition, she is a board member of Old Mutual Limited and
  South32 Coal Holdings Pty Ltd as well as the Engen Ltd.

  She is commercially astute and has a deep level of technical accounting
  knowledge with an objective and broad-minded approach that stems from
  her multi-sector experience as well as her exposure to diverse
  cultures.

  It is anticipated that Nosipho will resign from all MTN operating
  companies by 31 March 2021, including MTN South Africa. MTN South
  Africa is at an advanced stage in identifying her replacement, as
  audit and risk chairman.

  The Chairman and the Board believe her extensive experience and
  knowledge of MTN is invaluable and her contribution will greatly
  enhance the Board’s deliberations.

2. Noluthando Gosa

  MTN is also pleased to announce the appointment of Noluthando Gosa as
  an independent non-executive director of MTN Group, effective, 1 April
  2021.
  Noluthando holds a BA (Hons) Communications from the University of
  Fort Hare, has completed a Post Graduate Diploma in Business
  Administration at Wilfrid Laurier University and has an MBA from the
  University of New Brunswick.

  She has solid experience in telecommunications. In 1997, she was
  appointed as a founding member of the first independent
  telecommunications regulator, ICASA and was 1 of 6 Councillors tasked
  to set up the regulator in South Africa. Noluthando then joined
  Investec Bank and spent 3 years as a sell-side analyst, focusing on
  the telecommunications sector.

  Noluthando is also an extremely experienced deal maker and
  businesswoman, having spearheaded numerous joint ventures and
  acquisitions in multiple sectors and having enjoyed considerable
  success as an entrepreneur. In parallel, she has served on multiple
  boards, including Investec Asset Management (now NinetyOne); AON SA
  and Broll Property Group.

  Pursuant to her entrepreneurial success, she is currently the chief
  executive officer of Akhona Group and is serving as a director on
  various companies where she is a shareholder. She is also a non-
  executive director of ArcelorMittal SA.
  The Chairman and the Board believe Noluthando’ s entrepreneurial spirit
  and strategic outlook will be key to the Board, in light of MTN’s
  growth aspirations.    Her unique telecommunications experience will
  also bring a new perspective to the Board.

The Board wishes both Nosipho and Noluthando success in their new
roles.


Fairland
28 December 2020

Lead Sponsor
JP Morgan Equities Proprietary Limited

Joint Sponsor
Tamela Holdings Proprietary Limited

Date: 28-12-2020 04:00:00
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