Sharenet Sites 
Sharenet Sites
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. 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.
