MTN GROUP LIMITED - Launch of share repurchase programme

Launch of share repurchase programme

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


Launch of share repurchase programme

MTN shareholders are referred to the general share repurchase authority granted at the annual
general meeting of MTN held on 29 May 2026, in terms of which MTN shareholders authorised MTN
Group to repurchase up to 10% of its issued ordinary shares in accordance with the Johannesburg
Stock Exchange Listings Requirements. We also refer MTN shareholders to the revised shareholders
remuneration plan outlined in MTN’s results announcement
(https://www.mtn.com/wp-content/uploads/2026/03/MTN-Group-FY-25-results-JSE-SENS.pdf)
for the year ended 31 December 2025.

The board of MTN (MTN Group Board) has resolved to implement the share repurchase programme
("Repurchase Programme") of approximately 31 million ordinary shares (based on the closing price
on 21 August 2026) for an aggregate consideration of up to ZAR6 billion. The Repurchase Programme
will commence on 24 August 2026, after the closed period, relating to financial results for the six
months ended 30 June 2026 and will continue, subject to market conditions, for as long as the
Repurchase Programme remains value accretive to MTN shareholders.

The MTN Group Board and management is of the view that a Repurchase Programme will deliver
longer term incremental value to MTN shareholders.




24 August 2026

Fairland



Lead Equity Sponsor

Tamela Holdings Proprietary Limited

Joint Equity Sponsor

J.P. Morgan Equities South Africa Proprietary Limited
Date: 24/08/2026 05:30:00
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