MTN GROUP LIMITED - Dealings in Securities by a Director of MTN

Dealings in Securities by a Director of MTN

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

DEALING IN SECURITIES BY A DIRECTOR OF MTN

In accordance with paragraph 3.63 of the JSE Limited's Listings Requirements ("Listings
Requirements"), we announce the following dealings in American Depository Receipts ("ADRs") in
MTN shares by a director of MTN.

Name of Director:                                Vincent Rague

Designation:                                     Independent Non-Executive Director

Dates of the transactions:                       Cumulative dates from 02 December 2025 –
                                                 08 January 2026
Total number of ADRs bought and sold:            10 000

Class of security:                               American Depository Receipts in respect of
                                                 shares in MTN

Currency:                                        USD

Total value of the purchases:                    USD 99,872.10

Total value of the sale:                         USD 106,693.10

Nature of transactions:                          Purchase and sale of shares

Nature of interest:                              Direct beneficial

On/Off Market transaction:                       Off-market (traded OTC)



Details of the transactions are set out below.

DATE            TYPE OF                       QUANTITY        PRICE (USD)                       VALUE (USD)
                TRANSACTION

Purchases of ADRs
02 Dec-2025     Purchase                         1,000                     9.15                    9,150.00

03 Dec-2025     Purchase                         1,000                    9.375                    9,375.00

05 Dec-2025     Purchase                           500                    9.315                    4,657.50

15 Dec-2025     Purchase                           500                     9.39                    4,695.00

22 Dec-2025     Purchase                           250                     9.64                    2,410.00

29 Dec-2025     Purchase                         3,000 Volume Weighted                            30,318.25
                                                       Average Price ("VWAP"):
                                                       10.1061
                                                       Highest: 10.165
                                                       Lowest: 10.055

30 Dec-2025       Purchase                        750                    10.225                    7,668.75

02 Jan-2026       Purchase                        750 VWAP: 10.2764                                7,707.30
                                                      Highest: 10.29
                                                      Lowest: 10.255

05 Jan-2026       Purchase                        450 VWAP: 10.4617                                4,707.75
                                                      Highest: 10.485
                                                      Lowest: 10.43

06 Jan-2026       Purchase                        800 VWAP: 10.7115                                8,569.20
                                                      Highest: 10.73
                                                      Lowest: 10.695
  
07 Jan-2026       Purchase                       1000 VWAP: 10.6134                               10,613.35
                                                      Highest: 10.641
                                                      Lowest: 10.585

Purchase          Purchase                     10,000                                             99,872.10
Total

Sale of ADRs
08 Jan-2026       Sale                         10,000                     10.67                  106,693.10


Clearance to Deal
Prior clearance to deal was not sought for the above-referenced series of transactions as
contemplated in terms of the Listings Requirements and MTN's Policy.

Fairland
13 January 2025
Lead Sponsor
Tamela Holdings Proprietary Limited
Joint Sponsor
J.P. Morgan Equities South Africa Proprietary Limited

Date: 13-01-2026 04:28:00
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