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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 MTN Group)
ALLOCATION/AWARD OF MTN GROUP SHARES IN ACCORDANCE WITH THE PERFORMANCE SHARE
PLAN 2010 (MTN PERFORMANCE SHARE PLAN) AND DEALINGS IN SECURITIES BY DIRECTORS,
PRESCRIBED OFFICERS, COMPANIES SECRETARIES OF MTN AND ITS MAJOR SUBSIDIARIES
In accordance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are advised
that the following directors, Company Secretaries and Prescribed Officers 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 and the subsidiary MTN & Mobile Telephone Networks
companies Proprietary Limited and MTN Nigeria
Communications Plc
Date of transaction: 13 December 2024
Number of shares awarded 462,398 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R85.87
were awarded.
Total value of shares R39,706,116
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 & MTN Prescribed TB Molefe
Officer
Name of the company and the subsidiary MTN & Mobile Telephone Networks
companies Proprietary Limited and MTN Nigeria
Communications Plc
Date of transaction 13 December 2024
Number of shares awarded 240,347 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R85.87
were awarded
Total value of shares R20,638,597
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 PD Norman
Name of the subsidiary company Mobile Telephones Networks Proprietary
Limited
Date of transaction 13 December 2024
Number of shares awarded 120,961 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R85.87
were awarded
Total value of shares R10,386,921
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 and MTN Prescribed K Toriola*
Officer
Name of the subsidiary company MTN Nigeria Communications Plc
Date of transaction 13 December 2024
Number of shares awarded 140,793 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R85.87
were awarded
Total value of shares R12,089,895
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 and MTN Prescribed C Molapisi
Officer
Name of the subsidiary company Mobile Telephones Networks Proprietary
Limited
Date of transaction 13 December 2024
Number of shares awarded 224,176 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R85.87
were awarded
R 19,249,993
Total value of shares
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 FJ Moolman
Name of the subsidiary companies Mobile Telephone Networks Proprietary
Limited and MTN Nigeria Communications Plc
Date of transaction 13 December 2024
Number of shares awarded 138,040 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R85.87
were awarded
Total value of shares R 11,853,495
Vesting period Three years from award date
Nature of transaction Off-market award of shares to employee
Nature of interest Direct beneficial
Clearance Yes
7. Name of director D Molefe
Name of the subsidiary company Mobile Telephone Networks Proprietary
Limited
Date of transaction 13 December 2024
Number of shares awarded 73,811 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R85.87
were awarded
Total value of shares R6,338,151
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 M Mroue
Name of the subsidiary company MTN Nigeria Communications Plc
Date of transaction 13 December 2024
Number of shares awarded 162,714 shares
Class of security MTN ordinary shares of 0.01 cents each
R85.87
Market price per share at which shares
were awarded
R 13,972,251
Total value of shares
Vesting period Three years from award date
Nature of transaction Off-market award of shares to employee
Nature of interest Direct beneficial
Clearance Yes
9. Name of Company Secretary T Sishuba Bonoyi
Name of company MTN
Date of transaction 13 December 2024
Number of shares awarded 49,229 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R85.87
were awarded
Total value of shares R4,227,294
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 Company Secretary M Rantofi
Name of subsidiary company Mobile Telephone Networks Proprietary
Limited
Date of transaction 13 December 2024
Number of shares awarded 21,876 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R85.87
were awarded
Total value of shares R1,878,492
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 MTN Prescribed Officer E Asante
Name of company MTN
Date of transaction 13 December 2024
Number of shares awarded 277,238 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R85.87
were awarded
Total value of shares R23,806,427
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 director M Kadri*
Name of the subsidiary company MTN Nigeria Communications Plc
Date of transaction 13 December 2024
Number of shares awarded 26,784 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R85.87
were awarded
Total value of shares R 2,299,942
Vesting period Three years from award date
Nature of transaction Off-market award of shares to employee
Nature of interest Direct beneficial
Clearance Yes
*The allocations for these individuals are divided between MTN and its listed subsidiary, MTN Nigeria. The allocation
indicated in the announcement pertains only to MTN Group's portion; the remaining portion will be allocated by MTN
Nigeria.
Fairland
19 December 2024
Lead Sponsor
J.P. Morgan Equities Proprietary Limited
Joint Sponsor
Tamela Holdings Proprietary Limited
Date: 19-12-2024 05:05:00
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