MTN Group Limited (Incorporated in the Republic of South Africa) Registration number 1994/009584/06 Share code: MTN ISIN: ZAE000042164 (MTN or MTN Group) MOBILE TELEPHONE NETWORKS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration No. 1993/001411/06) (MTN Holdings) 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, COMPANY SECRETARIES OF MTN, MTN HOLDINGS AND ITS MAJOR SUBSIDIARIES In accordance with paragraph 3.63 of the JSE Limited Listings Requirements and 6.3(a) of the Debt Listings Requirements, shareholders and noteholders 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 & RT Mupita MTN Prescribed Officer Name of the company MTN, MTN Holdings, Mobile Telephone Networks Proprietary Limited and MTN Nigeria Communications Plc Date of transaction 28 December 2023 Number of shares awarded 321,077 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R115.00 which shares were awarded Total value of shares R36,923,855.00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 2. Name of director & TB Molefe Prescribed Officer Name of the company MTN, MTN Holdings, Mobile Telephone Networks Proprietary Limited and MTN Nigeria Communications Plc Date of transaction 28 December 2023 Number of shares awarded 171,738 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R115.00 which shares were awarded Total value of shares R19,749,870.00 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 & J Schulte-Bockum Prescribed Officer Name of the subsidiary Mobile Telephone Networks company Proprietary Limited and MTN Nigeria Communications Plc Date of transaction 28 December 2023 Number of shares awarded 212,614 Shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R115.00 which shares were awarded Total value of shares R24,450,610.00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 4. Name of director PD Norman Name of the subsidiary Mobile Telephones Networks company Proprietary Limited Date of transaction 28 December 2023 Number of shares awarded 86,431 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R115.00 which shares were awarded Total value of shares R9,939,565.00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of Interest Direct beneficial Clearance Yes 5. Name of director K Toriola Name of the subsidiary MTN Nigeria Communications Plc company Date of transaction 28 December 2023 Number of shares awarded 108,375 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R115.00 which shares were awarded Total value of shares R12,463,125.00 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 C Molapisi Name of company Mobile Telephones Networks Proprietary Limited Date of transaction 28 December 2023 Number of shares awarded 144,529 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R115.00 which shares were awarded Total value of shares R16,620,835.00 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 FJ Moolman Name of the subsidiary Mobile Telephone Networks company Proprietary Limited and MTN Nigeria Communications Plc Date of transaction 28 December 2023 Number of shares awarded 98,635 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at which shares were awarded R115.00 Total value of shares R11,343,025.00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 8. Name of director D Molefe Name of the subsidiary Mobile Telephone Networks company Proprietary Limited Date of transaction 28 December 2023 Number of shares awarded 51,174 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R115.00 which shares were awarded Total value of shares R5,885,010.00 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 M Mroue Name of the subsidiary MTN Nigeria Communications Plc company Date of transaction 28 December 2023 Number of shares awarded 125,249 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R115.00 which shares were awarded Total value of shares R14,403,635.00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 10. Name of company secretary T Sishuba-Bonoyi Name of company MTN and MTN Holdings Date of transaction 28 December 2023 Number of shares awarded 32,412 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R115.00 which shares were awarded Total value of shares R3,727,380.00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 11. Name of company secretary M Rantofi Name of company Mobile Telephone Networks Proprietary Limited Date of transaction 28 December 2023 Number of shares awarded 15,693 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R115.00 which shares were awarded Total value of shares R1,804,695.00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes 12. Name of prescribed officer E Asante Name of company MTN Date of transaction 28 December 2023 Number of shares awarded 206,556 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R115.00 which shares were awarded Total value of shares R23,753,940.00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes Additional Allocation for E Asante Date of transaction 28 December 2023 Number of shares awarded 41,300 shares Class of security MTN ordinary shares of 0.01 cents each Market price per share at R130.70 which shares were awarded Total value of shares R5,397,910.00 Vesting period Three years from award date Nature of transaction Off-market award of shares to employee Nature of interest Direct beneficial Clearance Yes *Additional Allocation made to correct an omission arising from the 2022 PSP Allocation. Price per share as at 09 December 2022. Fairland 29 December 2023 Lead Sponsor Tamela Holdings Proprietary Limited Joint Sponsor Debt Sponsor Standard Bank Limited