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 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.