MTN director sells shares in subsidiary transaction

MTN Group Limited announced that Jens Schulte-Bockum, a non-executive director of its major subsidiaries, Mobile Telephone Networks Pty Limited (MTN SA) and MTN Nigeria Communications plc (MTN Nigeria), executed an on-market sale of shares. The transaction involved the sale of 100,000 MTN ordinary shares on September 8, 2025.

The shares were sold at a price of R140.00 per share, bringing the total value of the transaction to R14,000,000.00. This dealing in securities was classified as a direct beneficial interest for Mr. Schulte-Bockum. The company confirmed that prior clearance for this transaction was obtained in accordance with MTN's policy and the JSE Limited Listings Requirements.

The announcement was dated September 11, 2025. J.P. Morgan Equities South Africa Proprietary Limited acted as the lead sponsor for MTN Group, with Tamela Holdings Proprietary Limited serving as the joint sponsor.