ALLOCATION/AWARD OF MTN GROUP SHARES IN ACCORDANCE WITH THE PERFORMANCE SHARE PLAN 2010 MTN Group Limited (Incorporated in the Republic of South Africa) Registration number 1994/009584/06 Share code: MTN ISIN: ZAE000042164 (MTN or the MTN Group) MOBILE TELEPHONE NETWORKS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration No. 1993/001411/06) (MTN Holdings) ALLOCATION/AWARD OF MTN GROUP SHARES IN ACCORDANCE WITH THE PERFORMANCE SHARE PLAN 2010 (MTN PERFORMANCE SHARE PLAN) In accordance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are advised that the following directors of MTN as well as of major subsidiaries of MTN were awarded and accepted shares, which are subject to performance conditions, in accordance with the MTN Performance Share Plan. The salient details of which are set out below: 1. Name of director & RT Mupita MTN Prescribed Officer Name of the company MTN & MTN Holdings Mobile Telephone Networks Proprietary Limited and MTN Nigeria Communications Plc Date of transaction: 13 December 2021 Number of shares awarded 205 200 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R158.00 which shares were awarded Total value of shares R32 421 600,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 2. Name of director & Prescribed TB Molefe Officer Name of the company MTN & MTN Holdings Mobile Telephone Networks Proprietary Limited and MTN Nigeria Communications Plc Date of transaction 13 December 2021 Number of shares awarded 101 900 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R158.00 which shares were awarded Total value of shares R16 100 200,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 3. Name of director & J Schulte-Bockum MTN Prescribed Officer Name of the subsidiary company Mobile Telephone Networks Proprietary Limited and MTN Nigeria Communications Plc Date of transaction 13 December 2021 Number of shares awarded 121 500 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R 158.00 which shares were awarded Total value of shares R19 197 000,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 4. Name of director PD Norman Name of the subsidiary company Mobile Telephones Networks Proprietary Limited Date of transaction 13 December 2021 Number of shares awarded 56 900 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R158.00 which shares were awarded Total value of shares R8 990 200,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of Interest Direct beneficial Clearance Yes 5. Name of director K Toriola Name of the subsidiary company MTN Nigeria Communications Plc Date of transaction 13 December 2021 Number of shares awarded 50 850 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R158.00 which shares were awarded Total value of shares R8 034 300,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 6. Name of Director C Molapisi Name of Company MTN Nigeria Communications Plc Date of transaction 13 December 2021 Number of shares awarded 82 400 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R158.00 which shares were awarded Total value of shares R13 019 200,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 8. Name of director FJ Moolman Name of the subsidiary Mobile Telephone Networks company Proprietary Limited and MTN Nigeria Communications Plc Date of transaction 13 December 2021 Number of shares awarded 64 900 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R158.00 which shares were awarded Total value of shares R10 254 200,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 10. Name of director D Molefe Name of the subsidiary Mobile Telephone Networks company Proprietary Limited Date of transaction 21 December 2020 Number of shares awarded 28 500 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R158.00 which shares were awarded Total value of shares R4 503 000,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 11. Name of Director M Kadri Name of the subsidiary MTN Nigeria Communications Plc company Date of transaction 13 December 2021 Number of shares awarded 15 150 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R158.00 which shares were awarded Total value of shares R2 393 700,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 12. Name of Company Secretary T Sishuba Bonoyi Name of company MTN Date of transaction 13 December 2021 Number of shares awarded 21 300 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R158.00 which shares were awarded Total value of shares R3 365 400,00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes Fairland 17 December 2021 Lead Sponsor Tamela Holdings Proprietary Limited Joint Sponsor JP Morgan Equities Proprietary Limited Debt Sponsor Standard Bank Limited Date: 17-12-2021 04:30:00 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. 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