MTN - MTN Group - Dealing in Securities by Director of a Major Subsidiary

MTN - MTN Group - Dealing in Securities by Director of a Major Subsidiary       
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 OF A MAJOR SUBSIDIARY                         
In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of JSE   
Limited we hereby disclose the following dealings in MTN securities by the under
mentioned director of a major subsidiary:                                       
Name of director:                   Mr Zunaid Bulbulia                          
Date of transactions:               12 May 2009                                 
Number of share options exercised:  60 720                                      
Option strike price (per share):    R13.53                                      
Total value of options exercised:   R821 541.60                                 
Offer date:                         28 September 2001                           
Vesting periods:                    20% of total allocation on 28 September     
                                   2003                                         
20% of total allocation on 28 September      

                                   2004                                         
                                   30% of total allocation on 28 September      
                                   2005                                         
30% of total allocation on 28 September      

                                   2006                                         
Sale price (per share):             R108.6298                                   
Total value of shares sold:         R6 596 001.46                               
Class of security:                  Ordinary shares of 0.01 cents each          
Nature of transactions:             Exercise of share options, as well as       
                                   the purchase of shares following the         
                                   exercise of options and the subsequent       
sale of shares by director                   

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 Listings Requirements  
of JSE Limited.                                                                 
Fairland                                                                        
14 May 2009                                                                     
Sponsor                                                                         
Deutsche Securities (SA) (Pty) Limited                                          
Date: 14/05/2009 16:23:39 Supplied by www.sharenet.co.za                     
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