MTN Group Limited - Awarding Of Share Options To A Director

MTN Group Limited - Awarding Of Share Options To A Director                     
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
Share code: MTN                                                                 
ISIN: ZAE000042164                                                              
Awarding of share options to a Director                                         
In terms of section 3.63 of the Listings Requirements of the JSE Limited we     
hereby give notice of the offer and acceptance of MTN Group Share Appreciation  
Rights allocated to a director of MTN Group Limited as mentioned below:         
Name of director:                  Mr Sifiso Dabengwa                           
Date of offer:                     31 May 2006                                  
Class of Securities                Ordinary shares of 1.01 cents each           
Date of acceptance of offer:       2 October 2006                               
Option strike price (per share):   R56.83                                       
Strike date:                       31 May 2006                                  
Amount of share options awarded:   134 800                                      
Nature of transaction:             Offer and acceptance of MTN Group Ltd        
                                   Share Appreciation Rights                    
Vesting periods:                   20% of total allocation on 30 Nov 2007       
                                   20% of total allocation on 30 Nov 2008       
                                   30% of total allocation on 30 Nov 2009       
                                   30% of total allocation on 30 Nov 2010       
Fairland                                                                        
2 October 2006                                                                  
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 02/10/2006 05:12:19 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department