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 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.