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.