MTN Ghana Executives Awarded Performance Shares

📊 Award Details

• Stephen Blewett (CEO, MTN Ghana)
  • 21,382 shares
  • Value: R4.12 million (~US$252,000)
• Antoinette Kwofie (CFO, MTN Ghana)
  • 13,660 shares
  • Value: R2.63 million (~US$160,000)
• Sugentharen Perumal (Director, Scancom Ghana PLC)
  • 35,436 shares
  • Value: R6.82 million (~US$415,000)

All awards granted at R192.50/share on March 31, 2026, vesting over three years.

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💱 Currency Conversion

• Exchange rate: 1 USD = 16.45 ZAR (April 8, 2026)
• Approximate US$ equivalents provided above.

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🌍 MTN Group Leadership Awards

• Ralph Mupita (Group CEO)
  • 207,633 shares → R39.97 million (~US$2.43 million)
• Tsholofelo Molefe (Group CFO)
  • 111,931 shares → R21.55 million (~US$1.31 million)
• Ebenezer Asante (SVP, Markets)
  • 120,880 shares → R23.27 million (~US$1.42 million)
• Ferdinand Moolman (CEO, MTN South Africa)
  • 104,545 shares → R20.13 million (~US$1.22 million)
• Paul Norman (Director, MTN Proprietary Ltd.)
  • 56,333 shares → R10.84 million (~US$660,000)
• Yolanda Cuba (Director, MTN Proprietary Ltd.)
  • 62,718 shares → R12.07 million (~US$734,000)

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✅ Compliance & Vesting

• Minimum Shareholding Requirements fulfilled by all recipients.
• Vesting date accelerated to December 10, 2028 (aligned with original grant cycle).
• Awards classified as off-market transactions with direct beneficial interests.

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📌 Announcement

• Released via JSE Stock Exchange News Service on April 7, 2026.
• Lead Sponsor: Tamela Holdings Proprietary Limited
• Joint Sponsor: J.P. Morgan Equities Proprietary Limited