MTN - MTN Group Limited - Dealing in Securities by Directors

MTN - MTN Group Limited - Dealing in Securities by Directors                    
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
Share code: MTN                                                                 
ISIN:       ZAE000042164                                                        
("MTN")                                                                         
DEALING IN SECURITIES BY DIRECTORS                                              
In compliance with rule 3.63 - 3.74 of the Listings Requirements of the JSE     
Limited we hereby disclose the exercise of MTN Group Share Options and sale of  
MTN Shares by the under mentioned director of a major subsidiary:               
Name of Director of subsidiary                                                  
Company                            :    Mr Zunaid Bulbulia                      
Name of subsidiary                 :    Mobile Telephone Networks (Pty) Ltd     
Date of Transaction                :    20 December 2006                        
Option Strike Price (per share)    :    R 13.53                                 
Sale Price (per share)             :    R 80.71                                 
Amount of Shares                   :    15 180                                  
Class of Security                  :    Ordinary shares of 0.01 cents each      
Nature of Transaction              :    Exercise of options and sale of shares  
                                       by Director of major subsidiary          
Nature of Interest                 :    Beneficial                              
Prior clearance to deal in these shares was obtained in accordance with MTN`s   
policy with regard to Director`s dealings as well as the JSE Limited listing    
requirements.                                                                   
Fairland                                                                        
21 December 2006                                                                
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 21/12/2006 14:19:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.