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MTN GROUP LIMITED - Dealing in MTN Zakhele Futhi (RF) Limited Securities by an Associate of a Director of MTN - Transaction Update

Release Date: 15/02/2018 09:00
Code(s): MTN     PDF:  
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Dealing in MTN Zakhele Futhi (RF) Limited Securities by an Associate of a Director of MTN - Transaction Update

MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration Number 1994/009584/06
Share code: MTN
ISIN: ZAE000042164
("MTN" or "MTN Group")

DEALING IN MTN ZAKHELE FUTHI (RF) LIMITED SECURITIES BY AN ASSOCIATE OF A
DIRECTOR OF MTN - TRANSACTION UPDATE

Shareholders are referred to the MTN announcement of 29 December 2017 in which it was
stated that MTN had entered into a Sale of Shares Agreement with Main Street 1561
Proprietary Limited ("Main Street 1561") (being an associate of one of the MTN directors for
purposes of the JSE Limited Listings Requirements) pursuant to which, subject to the
satisfaction or waiver of certain conditions precedent by no later than 15 February 2018, MTN
will sell 14,750,000 ordinary shares ("Sale Shares") in MTN Zakhele Futhi (RF) Limited to
Main Street 1561 for an aggregate purchase price of R295,000,000.00 ("the Transaction").

MTN and Main Street 1561 have agreed to extend the date for fulfilment of the conditions
precedent to 15 March 2018 to enable the last of the conditions precedent to be satisfied. In
addition, subject to the satisfaction or waiver of the conditions precedent, completion of the
Transaction (including the transfer of the Sale Shares to Main Street 1561 and payment of
the purchase price to MTN) has also been extended and is now set to occur on or before
30 March 2018 at which time it is envisaged MTN will no longer be in a "closed period" as
defined in the JSE Limited Listings Requirements.


Fairland
15 February 2018

Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 15/02/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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