MTN GROUP LIMITED - Dealing in securities

Dealing in securities

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)

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 director of
MTN was 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            TBL Molefe

     Name of the company         MTN

     Date of transaction:        05 May 2021
     Number of shares awarded    126 100 shares

     Class of security           MTN ordinary shares of 0.01 cents
                                 each

     Market price per share at   R88.79
     which shares were awarded

     Total value of shares       R11 196 419.00

     Vesting period              21 December 2023

     Nature of transaction       Off-market award of shares to
                                 employee

     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

10 May 2021

Lead Sponsor

J.P. Morgan Equities South Africa Proprietary Limited
Joint Sponsor

Tamela Holdings Proprietary Limited

Date: 10-05-2021 03:25:00
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