MTN - MTN Group - Dealing In Securities By A Director

MTN - MTN Group - Dealing In Securities By A Director                           
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 A Director                                             
Shareholders are referred to the announcements released on SENS on 25 May 2006  
and 4 April 2007 regarding the forward purchase and zero cost collar concluded  
over MTN Group Shares by a director.  The transactions were contractually up for
renewal at the end of November 2007.  They have now been restructured by the    
director and in accordance with rules 3.63 - 3.74 of the Listing Requirements of
the JSE Limited we hereby disclose the terms of the restructured transaction on 
29 November 2007.                                                               
Name of Director:                  P F Nhleko                                   
Date of transactions:              29 November 2007                             
Bought Put at Strike Price of      R 131.87 per share                           
Sold Call at Strike Price of       R 171.97 per share                           
Number of Contracts                4 150 000                                    
Expiry                             29 May 2009                                  
Forward Price                      R 89.74 per share                            
Term                               18 months                                    
Amount of Shares                   4 150 000                                    
Class of Security                  Ordinary Shares of 0.01                      
                                  cents each                                    
Nature of transaction              Conclusion of restructured                   
                                  forward purchase and new                      
zero cost collar with                         

                                  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      
listing requirements.                                                           
Fairland                                                                        
30 November 2007                                                                
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 03/12/2007 07:19:27 Supplied by www.sharenet.co.za                     
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