MTN GROUP LIMITED - MTN Dealings in Securities by Mobile Telephone Networks Holdings Limited a Subsidiary and an Associate of MTN

MTN Dealings in Securities by Mobile Telephone Networks Holdings Limited a Subsidiary and an Associate of MTN

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

DEALING IN SECURITIES BY MOBILE TELEPHONE NETWORK HOLDINGS LIMITED (“MTN HOLDINGS”)
A SUBSIDIARY AND AN ASSOCIATE OF MTN


In compliance with paragraphs 3.63 – 3.92 of the JSE Limited Listings Requirements, we hereby
announce the following transaction in MTN securities on behalf of the 2016 MTN Employee Share
Ownership Plan (“ESOP”) Trust.

The 2016 MTN ESOP Trust was established by MTN for the purpose of incentivising, rewarding and
retaining Level and 1 and 2 employees. These employees are not executives or senior management
within MTN.



      Name of associate:                                MTN Holdings

      Relationship with MTN:                            Subsidiary of MTN

      Name of the Company:                              MTN

      Date of transaction:                              11 December 2019

      Number of securities transferred:                 35 457

      Class of security:                                MTN ordinary shares of 0.01 cents each

      Price at which                                    R 85.88
      securities were transferred

      Total value of securities:                        R3 045 047.16

      Nature of transaction:                            Off-market transfer of treasury shares to
                                                        MTN 2016 ESOP Trust

      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 Listings Requirements of the JSE Limited.

 Fairland
 11 December 2019

 Lead Sponsor

 Tamela Holdings Proprietary Limited

 Joint Sponsor

 JP Morgan Proprietary Limited

Date: 11-12-2019 04:35:00
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