MTN GROUP LIMITED - DEALING IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY OF MTN

DEALING IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY 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")


DEALING IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY OF MTN

In compliance with paragraphs 3.63 – 3.66 of the JSE Limited Listings Requirements, we hereby
announce the following transactions in MTN securities by directors of a major subsidiary of MTN:

          Name of director:                              Godfrey Nkosingiphile Motsa

          Office held:                                   Chief Executive Officer and
                                                         Director of Mobile Telephone Networks
                                                         Proprietary Limited

          Name of subsidiary of the Company:             Mobile Telephone Networks Proprietary
                                                         Limited (“MTN SA”)

          Date of transaction:                           27 March 2020

          Number of shares purchased:                    24 750

          Class of security:                             MTN ordinary shares of 0.01 cents each
          Market price at which the                      R 40.3682
          shares were purchased:

          Total value of the transaction:                R 999,113.10

          Nature of transaction:                         On-market purchase of shares

          Nature of interest:                            Direct beneficial




          Name of director:                              Sugentharen Perumal

          Office held:                                   Chief Financial Officer and
                                                         Director of Mobile Telephone Networks
                                                         Proprietary Limited

          Name of subsidiary of the Company:             Mobile Telephone Networks Proprietary
                                                         Limited (“MTN SA”)

      1. Date of transaction:                            19 March 2020

          Number of shares purchased:                    1 043

          Class of security:                             MTN ordinary shares of 0.01 cents each

          Market price at which the                      R38 90
          shares were purchased:

          Total value of the transaction:                R40 572.70

          Nature of transaction:                         On-market purchase of shares

          Nature of interest:                            Direct beneficial



      2. Date of transaction:                            25 March 2020



          Number of shares purchased:                    925

          Class of security:                             MTN ordinary shares of 0.01 cents each

          Market price at which the                      R36 19

          shares were purchased:

          Total value of the transaction:                R33 475.75



          Nature of transaction:                         On-market purchase of shares



          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 JSE Listings Requirements.


Fairland
30 March 2020

Lead Sponsor

Tamela Holdings Proprietary Limited

Joint Sponsor

JP Morgan Equities South Africa Proprietary Limited

Date: 30-03-2020 04:57:00
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