MTN GROUP LIMITED - Dealings in securities by directors of MTN

Dealings in securities by directors 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")

DEALINGS IN SECURITIES BY DIRECTORS OF MTN


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

Name of director:                                Robert Andrew Shuter

Office held:                                     Group President and CEO

Name of Company:                                 MTN

Date of transaction:                             24 March 2020

Number of shares purchased:                      160 200

Class of security:                               MTN ordinary shares of 0.01 cents each

Market price at which shares                     R35.66
were purchased
Total value of the transaction:                  R5 712 732

Nature of transaction:                           Off-market settlement of shares awarded to an
                                                 employee in accordance with the MTN
                                                 Performance Share Plan

Nature of interest:                              Direct beneficial



Name of director:                                Ralph Tendai Mupita

Office held:                                     Group Chief Financial Officer

Name of company:                                 MTN

Date of transaction:                             24 March 2020

Number of shares purchased:                      39 000

Class of security:                               MTN American Depositary Receipts (“ADRs”)

Price per ADR                                    USD 1.951 and USD 1.958

Total value of the transaction:                  USD 76 239.10

Nature of transaction:                           On-market purchase of ADRs

Nature of interest:                              Direct beneficial



Date of transaction:                             25 March 2020

Number of shares purchased:                      144 000

Class of security:                               MTN American Depositary Receipts (“ADRs”)

Price per ADR                                    USD 2.102211

Total value of the transaction:                  USD 302 718.40

Nature of transaction:                           On-market purchase of ADRs

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

26 March 2020

Lead Sponsor

Tamela Holdings Proprietary Limited

Joint Sponsor

J.P. Morgan Equities South Africa Proprietary Limited

Date: 26-03-2020 05:16:00
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