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 forward sale and call options bought and sold    
transaction of MTN Shares entered into on 28 December 2007 by the under         
mentioned director: This transaction is separate to and independent from the    
previous disclosure in respect of the terms of the restructured transaction     
released under the SENS Announcement of 3 December 2007:                        
Name of Director:                            P F Nhleko                         
Date of transactions:                        28 December 2007                   
Bought Call at Strike Price of               R 133.21 per share                 
Sold Call at Strike Price of                 R 195.00 per share                 
Number of Contracts                          15 893 822                         
Expiry                                       31 March 2009                      
Forward Price                                R 149.63 per share                 
Term                                         15 months                          
Amount of Shares                             2 610 000                          
Class of Security                            Ordinary Shares of 0.01 cents each 
Nature of transaction                        Conclusion of                      
Forward sale and Call options bought from and sold to 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                                                                        
28 December 2007                                                                
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 28/12/2007 17:57:07 Supplied by www.sharenet.co.za                     
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