MTN : Dealing in securities by directors 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 AND PRESCRIBED OFFICERS OF MTN AND ITS MAJOR SUBSIDIARIES

In compliance with paragraphs 3.63 - 3.66 and 3.92 of the JSE Limited Listings Requirements, we hereby announce the following transactions in MTN securities pursuant to a vesting of shares in accordance with the Performance Shares Plan.

Price for the Purchase of Shares

Highest Price	R202.34
Lowest Price	R196.49
Weighted Average Price	R198.9140

Price for the Sale of Shares

Highest Price	R199.43
Lowest Price	194.82
Weighted Average Price	R198.2141

Name of Director/Prescribed Officer:	Ralph Mupita
Office held:	Group President and CEO
Name of Company:	MTN
Nature of transaction	Vesting and retention of shares awarded in
accordance with the MTN Performance
Share Plan
and sale of a portion to settle associated
Tax liability
Date of transaction:	18 March 2022
Number of shares Vested:	190 200
Class of security:	MTN ordinary shares of 0.01 cents each
Number of shares sold	61 892
Weighted Average Price at which shares were	R198.2141
sold:
Value of sale:	R12 267 867.08

Number of shares retained:	128 308
Weighted Average Price at which shares were	R198.9140
retained:
Total value of the retention:	R25 522 257.51
Nature of interest:	Direct beneficial
Name of Director/Prescribed Officer:	Karl Toriola
Office held:	MTN Nigeria CEO
Name of Company:	MTN Nigeria Communications Limited
Nature of transaction	Vesting and sale of shares awarded to
employee in accordance with the MTN
Performance Share Plan
Date of transaction:	18 March 2022
Number of shares Vested:	114 000
Number of shares Sold:	114 000
Class of security:	MTN ordinary shares of 0.01 cents each
Weighted Average Price at which shares were	R198.2141
sold:
Total value of the transaction:	R22 596 407.40
Nature of interest:	Direct beneficial
Name of director/Prescribed Officer:	Charles Molapisi
Office held:	MTN South Africa CEO
Name of Company:	Mobile Telephone Networks Pty Limited
Nature of transaction	Vesting and Retention of shares awarded in
accordance with the MTN Performance
Share Plan
Date of transaction:	18 March 2022
Number of shares Vested:	52 600
Number of shares retained	52 600
Class of security:	MTN ordinary shares of 0.01 cents each
Weighted Average Price at which shares were	R198.9140
retained:
Total value of the transaction:	R10 462 876.40
Nature of interest:	Direct beneficial
Name of director/Prescribed Officer:	Jens Schulte Bockum
Office held:	Prescribed Officer, Director of major
subsidiaries
Name of Company:	Mobile Telephone Network Proprietary
Limited
MTN Nigeria Communications PLC
Nature of transaction	Vesting and sale of shares awarded in
accordance with the MTN Performance
Share Plan
Date of transaction:	18 March 2022
Number of shares Vested:	205 500
Number of shares Sold:	205 500
Class of security:	MTN ordinary shares of 0.01 cents each
Weighted Average Price at which shares were	198.2141
sold:
Total value of the transaction:	R40 732 997.55
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 retention of shares awarded in
accordance with the MTN Performance
Share Plan
and sale of a portion to settle associated
Tax liability
Date of transaction:	18 March 2022
Number of shares Vested:	94 600
Class of security:	MTN ordinary shares of 0.01 cents each
Number of Shares Sold:	30 783
Weighted Average Price at which shares were	198.2141
sold:
Value of sale:	R6 101 624.64
Number of shares retained:	63 817
Weighted Average Price at which shares were	R198.9140
retained:
Total value of the retention:	R 12 694 094.74
Nature of interest:	Direct beneficial
Name of director:	Ferdi Moolman
Office held:	Director of major subsidiaries
Name of Company:	Mobile Telephone Network Proprietary
Limited
MTN Nigeria Communications PLC
Nature of transaction	Vesting and sale of shares awarded in
accordance with the MTN Performance
Share Plan
Date of transaction:	18 March 2022
Number of shares Vested:	112 900
Number of shares Sold:	112 900
Class of security:	MTN ordinary shares of 0.01 cents each
Weighted average price at which shares were	R198.2141
sold:
Total value of the transaction:	R22 378 371.89
Nature of interest:	Direct beneficial
Name of Prescribed Officer:	Ebenezer Asante
Office held:	Prescribed officer, Senior Vice President,
Markets
Name of Company:	MTN
Nature of transaction	Vesting and sale of shares awarded in
accordance with the MTN Performance
Share Plan
Date of transaction:	18 March 2022
Number of shares Vested:	137 500
Number of shares Sold	137 500
Class of security:	MTN ordinary shares of 0.01 cents each
Weighted Average Price at which shares	198.2141
were sold:
Total value of the transaction:	R27 254 438.75
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 sale of shares awarded in
accordance with the MTN Performance
Share Plan
Date of transaction:	18 March 2022
Number of shares Vested:	54 400
Number of shares Sold:	54 400
Class of security:	MTN ordinary shares of 0.01 cents each
Weighted Average Price at which shares were	R198.2141
sold:
Total value of the transaction:	R10 782 847.04