MTN - MTN Group - Dealings In Securities By Directors Of Major Subsidiaries

MTN - MTN Group - Dealings In Securities By Directors Of Major Subsidiaries     
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
Registration Number 1994/009584/06                                              
Share code: MTN                                                                 
ISIN: ZAE000042164                                                              
("MTN Group")                                                                   
DEALINGS IN SECURITIES BY DIRECTORS OF MAJOR SUBSIDIARIES                       
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 appreciation rights:                                       
Name of Director:                  Mr C de Faria                                
Date of transactions:              24 November 2009                             
Number of share appreciation       69 720                                       
rights exercised:                                                               
Offer price (per share):           R71.00                                       
Number of shares received in                                                    
respect of appreciation rights                                                  
exercised:                         28 390                                       
Total value of appreciation        R4 950 120.00                                
rights exercised:                                                               
Offer date:                        21 November  2006                            
Vesting periods:                   20% of total allocation on 21 Nov 2008       
20% of total allocation on 21 Nov 2009        

                                  30% of total allocation on 21 Nov 2010        
                                  30% of total allocation on 21 Nov 2011        
Sale price (per share):            R118.50                                      
Number of shares sold:             28 390                                       
Total value of shares sold:        R3 364 215.00                                
Class of security:                 Ordinary shares of 0.01 cents each           
Nature of transactions:            Exercise of share appreciation rights, as    
well as the purchase of shares and the        

                                  subsequent sale of shares by a director       
                                  of a major subsidiary                         
Nature of interest:                Direct and Beneficial                        
Name of director:                  Mr J Ramadan                                 
Date of transactions:              24 November 2009                             
Number of share appreciation       69 720                                       
rights exercised                                                                
Offer price (per share):           R71.00                                       
Number of shares received in       28 262                                       
respect of appreciation rights                                                  
exercised:                                                                      
Total value of appreciation        R4 950 120.00                                
rights exercised:                                                               
Offer date:                        21 November 2006                             
Vesting periods:                   20% of total allocation on 21 Nov 2008       
20% of total allocation on 21 Nov 2009        

                                  30% of total allocation on 21 Nov 2010        
                                  30% of total allocation on 21 Nov 2011        
Sale price (per share):            R118.60                                      
Total value of shares sold:        R3 351 873.20                                
Class of security:                 Ordinary shares of 0.01 cents each           
Nature of transactions:            Exercise of share appreciation rights, as    
                                  well as the purchase of shares and the        
subsequent sale of shares 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                                                                        
26 November 2009                                                                
Sponsor                                                                         
Deutsche Securities (SA) (Pty) Limited                                          
Date: 26/11/2009 12:52:01 Supplied by www.sharenet.co.za                     
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