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Dealing in Securities by Directors, Company Secretaries, and Prescribed Officers of MTN and its Major Subsidiaries
MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009584/06
Share code: MTN
ISIN: ZAE000042164
(MTN or the Company)
DEALING IN SECURITIES BY DIRECTORS, COMPANY SECRETARIES, AND PRESCRIBED OFFICERS OF
MTN AND ITS MAJOR SUBSIDIARIES AND THE 2010 PERFORMANCE SHARE PLAN EMPLOYEE SCHEME
In compliance with paragraphs 6.77 – 6.85 and 6.90 of the JSE Limited Listings Requirements (Listings
Requirements), we hereby announce the following transactions in MTN securities pursuant to a
vesting of shares in accordance with the Performance Share Plan (PSP).
The below lowest and highest prices apply to all the transactions below:
Date Lowest Price Highest Price
25 March 2026 R199.46 R204.54
26 March 2026 R197.86 R204.19
Name of Director/Prescribed Officer: Ralph Mupita
Office held: Group President & CEO & Prescribed Officer of
MTN
Name of company: MTN
Nature of transaction: Vesting and off-market sale of shares awarded
in accordance with the MTN Performance Share
Plan.
Date of transaction: 26 March 2026
Number of shares vested: 239,229.00
Class of security: MTN ordinary shares of 0.01 cents each
Number of shares sold: 239,229.00
Volume Weighted Average Price at which shares R202.19660
were sold:
Value of transaction: R48,371,290.42
Nature of interest: Direct beneficial
Name of Director/Prescribed Officer: Tsholofelo Molefe
Office held: Group Chief Financial Officer & Prescribed
Officer of MTN
Name of company: MTN
Nature of transaction: Vesting and retention of shares awarded in
accordance with the MTN Performance Share
Plan, off-market sale of a portion to settle
associated tax liability and off-market sale of a
portion for cash.
Date of transaction: 26 March 2026
Number of shares vested: 109,657.00
Class of security: MTN ordinary shares of 0.01 cents each
Number of shares sold: 50,991.00
Volume Weighted Average Price at which shares R202.19660
were sold:
Total value of transaction: R10,310,206.83
Number of shares retained: 58,666.00
Volume Weighted Average Price at which shares R202.19660
were retained:
Total value of the retention: R11,862,065.74
Nature of interest: Direct beneficial
Name of Director/Prescribed Officer: Karl Toriola
Office held: MTN Nigeria CEO & Prescribed Officer of MTN
Name of company: MTN Nigeria Communications PLC
Nature of transaction: Vesting and off-market sale of shares awarded
to employee in accordance with the MTN
Performance Share Plan.
Date of transaction: 26 March 2026
Number of shares vested: 72,053.00
Number of shares sold: 72,053.00
Class of security: MTN ordinary shares of 0.01 cents each
Volume Weighted Average Price at which shares R202.19660
were sold:
Total value of the transaction: R14,568,871.62
Nature of interest: Direct beneficial
Name of Director *Jens Schulte Bockum
Office held: Director of major subsidiaries
Name of company: Mobile Telephone Network Proprietary Limited &
MTN Nigeria Communications PLC
Nature of transactions: Vesting and off-market sale of shares awarded to
employee in accordance with the MTN
Performance Share Plan.
Date of transaction: 26 March 2026
Number of shares vested: 63,157.00
Number of shares sold: 63,157.00
Class of security: MTN ordinary shares of 0.01 cents each
Volume Weighted Average Price at which shares R202.19660
were sold:
Total value of the transaction: R12,770,130.67
Nature of interest: Direct beneficial
Name of Director: Paul Norman
Office held: Director of major subsidiary
Name of company: Mobile Telephone Network Proprietary Limited
Nature of transaction: Vesting and off-market sale of shares awarded in
accordance with the MTN Performance Share
Plan.
Date of transaction: 26 March 2026
Number of shares vested: 61,139.00
Class of security: MTN ordinary shares of 0.01 cents each
Number of shares sold: 61,139.00
Volume Weighted Average Price at which shares R202.19660
were sold:
Value of transaction: 12,362,097.93
Nature of interest: Direct beneficial
Name of Director/Prescribed Officer: Ferdi Moolman
Office held: MTN SA CEO & Prescribed officer of MTN
Name of company: Mobile Telephone Network Proprietary Limited
(MTN SA)
Nature of transaction: Vesting and off-market sale of shares awarded in
accordance with the MTN Performance Share
Plan.
Date of transaction: 26 March 2026
Number of shares vested: 69,836.00
Number of shares sold: 69,836.00
Class of security: MTN ordinary shares of 0.01 cents each
Volume Weighted Average Price at which shares R202.19660
were sold:
Total Value of the transaction: R14,120,601.76
Nature of interest: Direct beneficial
Name of Prescribed Officer: Ebenezer Asante
Office held: Senior Vice President, Markets & Prescribed
officer of MTN
Name of company: MTN
Nature of transaction: Vesting and off-market sale of shares awarded in
accordance with the MTN Performance Share
Plan.
Date of transaction: 26 March 2026
Number of shares vested: 86,634.00
Number of shares sold 86,634.00
Class of security: MTN ordinary shares of 0.01 cents each
Volume Weighted Average Price at which shares R202.19660
were sold:
Total value of the transaction: R17,517,100.24
Nature of interest: Direct beneficial
Name of Director: Modupe Kadri
Office held: Director of a major subsidiary
Name of company: MTN Nigeria Communications PLC
Nature of transaction: Vesting and off-market sale of shares awarded in
accordance with the MTN Performance Share
Plan.
Date of transaction: 26 March 2026
Number of shares vested: 13,558.00
Number of shares sold: 13,558.00
Class of security: MTN ordinary shares of 0.01 cents each
Volume Weighted Average Price at which shares R202.19660
were sold:
Total value of the transaction: R2,741,381.50
Nature of interest: Direct beneficial
Name of Director: Sugentharan Perumal
Office held: Director of a major subsidiary
Name of company: Scancom Ghana Plc (MTN Ghana)
Nature of transaction Vesting and off-market sale of shares awarded in
accordance with the MTN Performance Share
Plan.
Date of transaction: 26 March 2026
Number of shares vested: 38,457.00
Number of shares sold: 38,457.00
Class of security: MTN ordinary shares of 0.01 cents each
Volume Weighted Average Price at which shares R202.19660
were sold:
Total value of the transaction: R7,775,874.65
Nature of interest: Direct beneficial
Name of Director: Antoniette Kwofie
Office held: Director of a major subsidiary
Name of company: Scancom Ghana Plc (MTN Ghana)
Nature of transaction Vesting and off-market sale of shares awarded in
accordance with the MTN Performance Share
Plan.
Date of transaction: 26 March 2026
Number of shares vested: 6,822.00
Number of shares sold: 6,822.00
Class of security: MTN ordinary shares of 0.01 cents each
Volume Weighted Average Price at which shares R202.19660
were sold:
Total value of the transaction: R1,379,385.21
Nature of interest: Direct beneficial
Name of Director: Dineo Molefe
Office held: Director of major subsidiary
Name of company: Mobile Telephone Network Proprietary Limited
Nature of transaction: Vesting and off-market sale of shares awarded in
accordance with the MTN Performance Share
Plan.
Date of transaction: 26 March 2026
Number of shares vested: 35,899.00
Class of security: MTN ordinary shares of 0.01 cents each
Number of shares sold: 35,899.00
Volume Weighted Average Price at which shares R202.19660
were sold:
Value of transaction: R7,258,655.74
Nature of interest: Direct beneficial
Name of Director: Yolanda Cuba
Office held: Director of major subsidiary
Name of company: Mobile Telephone Network Proprietary Limited
Nature of transaction: Vesting and off-market sale of shares awarded in
accordance with the MTN Performance Share
Plan.
Date of transaction: 26 March 2026
Number of shares vested: 68,131.00
Class of security: MTN ordinary shares of 0.01 cents each
Number of shares sold: 68,131.00
Volume Weighted Average Price at which shares R202.19660
were sold:
Total Value of transaction: R13,775,856.55
Nature of interest: Direct beneficial
Name of Company Secretary: Mateboho Rantofi
Office held: Company Secretary of major subsidiary
Name of company: Mobile Telephone Networks Proprietary Limited
Nature of transaction: Vesting and off-market sale of shares awarded in
accordance with the MTN Performance Share Plan.
Date of transaction: 26 March 2026
Number of shares vested: 10,659.00
Number of shares sold: 10,659.00
Class of security: MTN ordinary shares of 0.01 cents each
Volume Weighted Average Price at which shares R202.19660
were sold:
Total Value of the transaction: R2,155,213.56
Nature of interest: Direct beneficial
DEALING IN SECURITIES BY THE PSP SCHEME
Name of Scheme: 2010 PERFORMANCE SHARE PLAN EMPLOYEE
SCHEME
Name of company: MTN
Nature of transaction: Purchase and retention of shares in accordance with
the MTN Performance Share Plan to satisfy scheme
obligations.
Class of security: MTN ordinary shares of 0.01 cents each
Date of transaction: 25 March 2026
Number of shares purchased: 7,108,647
Nature of transaction: Off market
Volume Weighted Average Price at which shares R 202.1966
were purchased:
Total value of Transaction: R1,437,344, 254.00
Number of shares retained: 177,410
Volume weighted Average Price at which shares R202.5171
were retained:
Total Value of the transaction: R35,928,558.71
Date of transaction: 26 March 2026
Number of shares purchased: 50, 991
Nature of transaction: Off-market
Volume Weighted Average Price at which shares R202.1966
were purchased:
Total value of transaction: R10,310,206.83
Number of shares retained: 74,697
Volume weighted Average Price at which shares R199.1489
were retained:
Total Value of the transaction: R 14,875,825.38
*Jens Schulte Bockum: shares received while he was an executive, resigned on 31 March 2024. Jens serves as a director of the major
subsidiaries.
Minimum Shareholding Requirements Compliance
All Prescribed Officers referenced herein have fulfilled or exceeded their Minimum Shareholding Requirements (MSR), in alignment with the
MSR Policy adopted by the Company. Details of the MSR achievement will be disclosed in the Integrated Report FY2025.
Prior Clearance to deal in the above-mentioned transactions was obtained in accordance with MTN`s
policy as well as paragraph 6.83 of the Listings Requirements.
Fairland
31 March 2026
Lead Sponsor
Tamela Holdings Proprietary Limited
Joint Sponsor
J.P. Morgan Equities South Africa Proprietary Limited
Date: 31-03-2026 02:00:00
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