MTN Group Limited Integrated Report for the year ended 31 December 2017

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General staff incentive calculations
For each financial period, two computations would apply for our lower level employees:
• • Computation if the board declares bonuses based on achievement of minimum company
performance levels being met.
• • Computations if the board does not declare bonuses, i.e. minimum company performance levels are
not met.
These three scenarios are summarised as follows:
Description
Minimum 4%
payment1
Requirements if a
bonus is declared
by the board
Requirements if
a bonus is not
declared by the
board
Individual performance
applies
Yes, an individual
minimum
performance score
is required
Yes, an individual
minimum
performance score
is required
Yes, an individual
minimum
performance score
is required
Earning range as a % of
applicable annual salary
Exactly 4% From 0% to 12% From 0% to 6%
Percentage payable at
target achievement
Not applicable 9% 4,5%
1 The 4% of annual remuneration payment in December remained a key vehicle for incentivising our general staff at employee levels 1 and 2.
In accordance with the approved rules:
• This payment is conditional on minimum individual performance set by the company and on the basis that the employee is still in the
employment of the company at payment date.
• All computations are based on the individual’s previous year’s (i.e. 2016) earnings and IPF scores.
Remuneration report continued
90 MTN Group Limited Integrated Report 2017