MTN - MTN Group Limited - Dealing in securities by director

MTN - MTN Group Limited - Dealing in securities by 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 DIRECTOR                                               
In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of JSE   
Limited we hereby disclose the exercise of MTN Group share appreciation rights, 
as well as the  purchase and sale of MTN shares by the under mentioned director:
Name of director                :   Mr Phuthuma Nhleko                          
Date of transactions            :   23 December 2008                            
Number of shares in respect of                                                  
share appreciation rights                                                       
exercised                       :   33 814                                      
Strike price (per share)        :   R71.00                                      
Total value                     :   R2 400 794.00                               
Number of shares purchased      :   18 741                                      
Purchase price (per share)      :   R98.84                                      
Total value                     :   R1 852 360.44                               
Number of shares sold           :   15 073                                      
Sale price (per share)          :   R95.00                                      
Total value                     :   R1 431 935.00                               
Class of security               :   Ordinary shares of                          
                                   0.01 cents each                              
Nature of transactions          :   Exercise of share                           
                                   appreciation rights,                         
as well as purchase                          

                                   and sale of shares by                        
                                   director                                     
Nature of interest              :   Beneficial                                  
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 Listing Requirements of
JSE Limited.                                                                    
Fairland                                                                        
29 December 2008                                                                
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 29/12/2008 17:45:22 Supplied by www.sharenet.co.za                     
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