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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 Shareholders are referred to the announcement on 10 November 2006 which advised shareholders that the Alpine Trust ("Alpine") together with M1 Limited ("M1") were proposing to purchase MTN shares through a newly formed special purpose vehicle ("Newco") and that any such purchases would be in addition to the MTN shares which Alpine and M1 already own or in which they have an interest. Alpine was established for the benefit of eligible permanent staff employed by MTN and its South African subsidiaries as well as eligible senior staff members of its African operations and currently holds MTN shares through Newshelf 664 (Proprietary) Limited which is 100% owned by Alpine. Pursuant to the acquisition of Investcom LLC ("Investcom") by MTN, details of which were contained in the circular to shareholders issued on 12 June 2006, M1 Limited ("M1"), the holding company of Investcom received 183 152 564 MTN shares as part of the consideration paid by MTN. As a result of being beneficiaries of Alpine, PF Nhleko, RD Nisbet and RS Dabengwa as well as directors of major subsidiaries who participate in Alpine will have an indirect beneficial interest in MTN shares acquired by Newco. In addition, M1 will also have an indirect beneficial interest in MTN shares acquired by Newco and in terms of the JSE Limited ("JSE") Listings Requirements, M1 is deemed an associate of Mr A Mikati, a non-executive director of MTN. Newco has acquired MTN shares in the market and has concluded a zero cost collar in respect of these MTN shares. In compliance with rules 3.63 - 3.74 of the JSE Listings Requirements, the following disclosure is made: Date of transactions : 11 May 2007 Nature of transaction : Acquisition of 6 932 066 MTN shares in the market Price paid per MTN share : R100.98 Aggregate purchase Consideration : R700 000 025 Nature of transaction : Concluded a zero cost collar with a commercial bank in terms of which Newco bought put options and sold call options in respect of the 6 932 066 MTN shares Strike price of put options: R95.93 per MTN share Strike price of call options: R152.07 per share Expiry of options : 15 May 2010 Class of Security : Ordinary shares of 0.01 cents each Nature of Interest : Indirect 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 Listings Requirements. Fairland 14 May 2007 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 14/05/2007 11:07:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.
