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Allocation/Award of MTN Group Shares in Accordance with the Performance Share Plan 2010 and Dealings in Securities
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 AND COMPANY SECRETARIES OF MTN AND ITS MAJOR SUBSIDIARIES
In accordance with paragraph 6.77 – 6.85 and 6.90 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 & Ralph Mupita
MTN Prescribed Officer
Office held Group President & CEO & Prescribed Officer
Name of the company and the subsidiary MTN & Mobile Telephone Networks
companies Proprietary Limited and MTN Nigeria
Communications Plc
Date of transaction 31 March 2026
Number of shares awarded 207,633 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R192.50
were awarded
Total value of shares R39,969,275.25
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 Tsholofelo Molefe
Officer
Office held Group Chief Financial Officer & Prescribed
Officer
Name of the company and the subsidiary MTN & Mobile Telephone Networks
companies Proprietary Limited and MTN Nigeria
Communications Plc
Date of transaction 31 March 2026
Number of shares awarded 111,931 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R192.50
were awarded
Total value of shares R21,546,714.00
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 Paul Norman
Office held Director of major subsidiary
Name of the subsidiary company Mobile Telephones Networks Proprietary
Limited
Date of transaction 31 March 2026
Number of shares awarded 56,333 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R192.50
were awarded
Total value of shares R10,843,943.75
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 Karl Olutokun Toriola
Officer
Office held MTN Nigeria CEO & Prescribed Officer of MTN
Name of the subsidiary company MTN Nigeria Communications Plc
Date of transaction 31 March 2026
Number of shares awarded 28,704 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R192.50
were awarded
Total value of shares R5,525,459.88
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 Ferdinand J Moolman
Officer
Office held MTN SA CEO & Prescribed Officer of MTN
Name of the subsidiary companies Mobile Telephone Networks Proprietary
Limited and MTN Nigeria Communications Plc
Date of transaction 31 March 2026
Number of shares awarded 104,545 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R192.50
were awarded
Total value of shares R20,125,000.00
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 Yolanda Cuba
Office held Director of major subsidiary
Name of the subsidiary company Mobile Telephones Networks Proprietary
Limited
Date of transaction 31 March 2026
Number of shares awarded 62,718 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R192.50
were awarded
Total value of shares R12,073,220.00
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 Dineo Molefe
Office held Director of major subsidiary
Name of the subsidiary company Mobile Telephone Networks Proprietary
imited
Date of transaction 31 March 2026
Number of shares awarded 35,559 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R192.50
were awarded
Total value of shares
R6,845,196.96
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 Sugentharen Perumal
Office held Director of major subsidiary
Name of the subsidiary company Scancom Ghana Plc
Date of transaction 31 March 2026
Number of shares awarded 35,436 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R192.50
were awarded
Total value of shares R6,821,370.00
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 Director Stephen Blewett
Office held CEO: MTN Ghana, Director of major subsidiary
Name of the subsidiary company Scancom Ghana Plc
Date of transaction 31 March 2026
Number of shares awarded 21,382 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R192.50
were awarded
R4,115,998.20
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
10. Name of Director Antoinette Kwofie
Office held CFO: MTN Ghana, Director of major subsidiary
Name of the subsidiary company Scancom Ghana Plc (MTN Ghana)
Date of transaction 31 March 2026
Number of shares awarded 13,660 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R192.50
were awarded
Total value of shares R 2,629,636.21
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 Company Secretary Lucy Mokoka
Office held MTN Group Company secretary
Name of company MTN
Date of transaction 31 March 2026
Number of shares awarded 12,008 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R192.50
were awarded
Total value of shares R2,311,583.32
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 Company Secretary Mateboho Rantofi
Office held Company secretary of major subsidiary
Name of subsidiary company Mobile Telephone Networks Proprietary
Limited
Date of transaction 31 March 2026
Number of shares awarded 9,953 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R192.50
were awarded
Total value of shares R1,916,046.72
Vesting period Three years from award date
Nature of transaction Off-market award of shares to employee
Nature of interest Direct beneficial
Clearance Yes
13. Name of MTN Prescribed Officer Ebenezer Asante
Office held Senior Vice President, Markets and Prescribed
officer of MTN
Name of company MTN
Date of transaction 31 March 2026
Number of shares awarded 120,880 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R192.50
were awarded
Total value of shares R23,269,457.01
Vesting period Three years from award date
Nature of transaction Off-market award of shares to employee
Nature of interest Direct beneficial
Clearance Yes
14. Name of director Modupe Kadri
Office held Director of a major subsidiary
Name of the subsidiary company MTN Nigeria Communications Plc
Date of transaction 31 March 2026
Number of shares awarded 11,855 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at which shares R192.50
were awarded
Total value of shares R2,282,019.83
Vesting period Three years from award date
Nature of transaction Off-market award of shares to employee
Nature of interest Direct beneficial
Clearance Yes
• All award recipients with Minimum Shareholding Requirements obligations have fulfilled their requirements.
• Karl Toriola and Modupe Kadri also receive Long Term Incentive (LTI) awards in respect of MTN Nigeria shares in
their capacities as executives of MTN Nigeria, and this supplements their Group LTI awards.
• The vesting date has been accelerated to 10 December 2028, aligning with the date on which the award would
normally have been granted being 10 December 2025.
Fairland
7 April 2026
Lead Sponsor
Tamela Holdings Proprietary Limited
Joint Sponsor
J.P. Morgan Equities Proprietary Limited
Date: 07-04-2026 05:35:00
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