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MTN - MTN Group Limited - Awarding of share options to a Director

Release Date: 04/09/2007 13:00
Code(s): MTN
Wrap Text

MTN - 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) ("MTN" or "the Company") Awarding of share options to a Director In terms of section 3.63 of the Listings Requirements of the JSE Limited we hereby give you notice of the offer and acceptance of MTN Group Share Appreciation Rights allocated to a director of a major subsidiary of MTN Group Limited as mentioned below: Name of director : Ms Santie Botha Date of offer : 22 June 2007 Date of acceptance of offer : 3 September 2007 Option strike price (per share) : R 96.00 Strike date : 22 June 2007 Amount of share rights awarded : 155 900 Nature of transaction : Offer and acceptance of MTN Group Ltd Share Appreciation Rights Vesting periods : 20% of total allocation on 22 June 2009 20% of total allocation on 22 June 2010 30% of total allocation on 22 June 2011 30% of total allocation on 22 June 2012 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 4 September 2007 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 04/09/2007 13:00:36 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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