MTN - MTN Group Limited - Dealing in securities by a director

MTN - MTN Group Limited - 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, 4 April 2007 and 3 December 2007 regarding the forward purchase and zero  
cost collar concluded over MTN Group shares by a director.  The transactions    
have now been restructured by the respective director and in accordance with    
rules 3.63 - 3.74 of the Listings Requirements of the JSE Limited ("the JSE"),  
disclosure of the terms of the restructured and new transactions concluded on 7 
October 2008 are set out below.                                                 
Name of Director:                  P F Nhleko                                   
Date of transactions:              7 October 2008                               
Bought Put at Strike Price of      ZAR 122.34 per share                         
Sold Call at Strike Price of       ZAR 129.09 per share                         
Number of Contracts                4 150 000                                    
Expiry                             30 November 2009                             
Forward Price                      ZAR 98.25 per share                          
Term                               13 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 above transaction was obtained in accordance  
with MTN`s policy with regard to Director`s dealings as well as the Listings    
Requirements of the JSE.                                                        
Shareholders are further notified of the following transaction entered into by  
a director in accordance with rules 3.63 - 3.74 of the Listings Requirements of 
the JSE and disclosure of the terms of the new transaction is set out below.    
Name of Director:                  P F Nhleko                                   
Date of transactions:              7 October 2008                               
Bought Call at Strike Price of     ZAR 102.57 per share                         
Sold Call at Strike Price of       ZAR 150.00 per share                         
Number of Contracts                5 000 000                                    
Expiry                             30 March 2009                                
Class of Security                  Ordinary Shares of 0.01 cents each           
Nature of transaction              Conclusion of call spread with commercial    
                                  bank                                          
Nature of Interest                 Beneficial                                   
Prior clearance to enter into the above transaction was obtained in accordance  
with MTN`s policy with regard to Director`s dealings as well as the Listings    
Requirements of the JSE.                                                        
Fairland                                                                        
9 October 2008                                                                  
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 09/10/2008 17:45:01 Supplied by www.sharenet.co.za                     
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