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                                              
With a view to rebalancing his portfolio in compliance with rule 3.63 - 3.74 of 
the Listings Requirements of the JSE Limited we hereby disclose a Zero Cost     
Collar on 935,000 out of 4,150,000 MTN shares forward purchased through a       
transaction entered into by PF Nhleko on 24th May 2006.  You are referred to the
SENS announcement of 25th May 2006.                                             
Name of Director                   :    PF Nhleko                               
Date of transaction                :    3rd April 2007                          
Bought Put at a strike price of    :    R98.27 per share                        
Sold Call at a strike price of     :    R113.69 per share                       
Expiry                             :    26th November 2007                      
Amount of contracts                :    935 000                                 
Class of Security                  :    Ordinary shares of 0.01 cents each      
Nature of transaction              :    Entering into a zero cost               
                                       Collar with a commercial bank            
Nature of Interest                 :    Beneficial                              
Prior clearance to enter into the transaction was obtained in accordance with   
MTN`s policy with regard to Directors` dealings as well as the JSE Limited      
Listings Requirements.                                                          
Fairland                                                                        
4 April 2007                                                                    
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 04/04/2007 17:27:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.