MTN - MTN Group - Awarding Of Share Options To Directors

MTN - MTN Group - Awarding Of Share Options To Directors                        
MTN Group Limited                                                               
Registration number: 1994/009584/06                                             
ISIN code: ZAE000042164                                                         
Share code: MTN                                                                 
("MTN" or "the Group")                                                          
Awarding of share options to Directors                                          
In terms of section 3.63 of the Listings Requirements of the JSE, the following 
information is disclosed in respect of the offer and acceptance of MTN Group    
Share Appreciation Rights allocated to the following directors and directors of 
major subsidiaries, of MTN Group:                                               
Name:                              Sifiso Dabengwa                              
Title:                             COO - MTN Group Limited                      
Capacity:                          MTN Group Director                           
Share Appreciation Rights Grant:   72,200                                       
Name:                              Rob Nisbet                                   
Title:                             Finance Director - MTN Group Limited         
Capacity:                          MTN Group Director                           
Share Appreciation Rights Grant:   22,600                                       
Name:                              Zunaid Bulbulia                              
Title:                             CFO - Mobile Telephone Networks (Pty) Ltd    
                                  (South Africa)                                
Capacity:                          Subsidiary Director                          
Share Appreciation Rights Grant:   24,600                                       
Name:                              Brett Goshen                                 
Title:                             CEO - Scancom Limited (MTN Ghana)            
Capacity:                          Subsidiary Director                          
Share Appreciation Rights Grant:   61,300                                       
Name:                              Ferdi Moolman                                
Title:                             CFO - MTN Irancell Telecommunication Services
Capacity:                          Joint Venture Director                       
Share Appreciation Rights Grant:   51,000                                       
Date of grant of offer:            19 March 2008                                
Date of acceptance of offer:       19 / 20 March 2008                           
Option strike price (per share):   R 126.99                                     
Strike date:                       19 March 2008                                
Nature of transaction:             Offer and acceptance of MTN Group Ltd        
                                  Share Appreciation Rights                     
Vesting periods:                   20% of total allocation on 19 March 2010     
20% of total allocation on 19 March 2011      

                                  30% of total allocation on 19 March 2012      
                                  30% of total allocation on 19 March 2013      
Prior clearance had been obtained from the Chairman of the Nominations,         
Remunerations and Human Resources Committee for all individuals listed above.   
Fairland                                                                        
20 March 2008                                                                   
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 20/03/2008 17:36:06 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.