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

MTN - DEALING IN SECURITIES BY A DIRECTOR 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 A DIRECTOR 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 transaction in MTN securities by a director of a
major subsidiary of MTN:

         Name of director:                       Andrew Alli

         Office held:                            Non-Executive Director

         Name of subsidiary of the Company:      MTN Nigeria Communications
                                                 PLC
         Date of transaction:                    13 November 2020

         Number of shares purchased:             12 500

         Class of security:                      MTN ordinary shares of 0.01
                                                 cents each

         Market price at which the               R70.15
         shares were purchased:
         Total value of the transaction:         R 876 875

         Nature of transaction:                  On-market purchase of shares

         Nature of interest:                     Direct beneficial




Prior clearance to deal in the above-mentioned transaction was obtained in
accordance with MTN`s policy as well as the JSE Listings Requirements.

Fairland
17 November 2020

Lead Sponsor
Tamela Holdings Proprietary Limited

Joint Sponsor
JP Morgan Equities South Africa Proprietary Limited

Date: 17-11-2020 04:47:00
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.