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 paragraphs 3.63 - 3.74 of the Listings Requirements of the   
JSE Limited we hereby disclose the following share dealings in MTN Group        
securities and share options:                                                   
Name of director:                  Mr RD Nisbet                                 
Date of transactions:              07 April 2009                                
Number of share options exercised  561 480                                      
Option strike price (per share):   R9.31                                        
Total value of options exercised:  R5 227 378.80                                
Offer date:                        02 September 2002                            
Vesting periods:                   20% of total allocation on 02 September      
                                  2004                                          
20% of total allocation on 02 September       

                                  2005                                          
                                  30% of total allocation on 02 September       
                                  2006                                          
30% of total allocation on 02 September       

                                  2007                                          
Sale price (per share):            R105.5971                                    
Total value of shares sold:        R59 290 659.70                               
Class of security:                 Ordinary shares of 0.01 cents each           
Nature of transactions:            Sale of shares by director following the     
                                  exercise of options                           
Nature of interest:                Direct and Beneficial                        
Name of director:                  Mr RD Nisbet                                 
Date of transactions:              07 April 2009                                
Number of share options exercised  51 600                                       
Option strike price (per share):   R27.00                                       
Total value of options exercised:  R1 393 200.00                                
Offer date:                        01 September 2003                            
Vesting periods:                   20% of total allocation on 01 September      
                                  2005                                          
20% of total allocation on 01 September       

                                  2006                                          
                                  30% of total allocation on 01 September       
                                  2007                                          
30% of total allocation on 01 September       

                                  2008                                          
Sale price (per share):            R105.5971                                    
Total value of shares sold:        R5 448 810.36                                
Class of security:                 Ordinary shares of 0.01 cents each           
Nature of transactions:            Sale of shares by director following the     
                                  exercise of options                           
Nature of interest:                Direct and Beneficial                        
Name of director:                  Mr RS Dabengwa                               
Date of transactions:              07 April 2009                                
Sale price per share:              R105.6949                                    
Number of shares sold              235 000                                      
Total value of shares sold:        R24 838 301.50                               
Class of security:                 Ordinary shares of 0.01 cents each           
Nature of transactions:            Sale of shares in the open market by         
                                  director of a major subsidiary                
Nature of interest:                Direct and 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                                                                        
9 April 2009                                                                    
Sponsor                                                                         
Deutsche Securities (SA) (Pty) Limited                                          
Date: 09/04/2009 17:41:09 Supplied by www.sharenet.co.za                     
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