MTN - MTN Group - Dealing in securities by Director

MTN - MTN Group - 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 Group")                                                                   
DEALING IN SECURITIES BY DIRECTOR                                               
Shareholders are referred to the previous announcement released on SENS on 9    
November 2009.  In compliance with paragraphs 3.63 - 3.74 of the Listings       
Requirements of the JSE Limited, we hereby disclose the early termination of the
transaction in MTN securities by the undermentioned director and the share      
dealings arising in respect thereof:                                            
Name of Director:                Mr Phuthuma Nhleko                             
Date of early termination of     17 November 2010                               
the transaction:                                                                
Highest price of shares sold     R131.66                                        
Lowest price of shares sold      R131.20                                        
VWAP of shares sold:             R131.33                                        
Number of shares sold:           3 231 047                                      
Total value of shares sold:      R424 333 402.51                                
Class of security:               Ordinary shares of 0.01 cents each             
Nature of transactions:          Sale of shares on market by a director with    
a portion of the proceeds applied to settle     

                                his obligations arising from the early          
                                termination of transaction concluded with       
                                commercial bank.                                
Nature of interest:              Direct 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 the JSE Limited.                                                             
Fairland                                                                        
18 November 2010                                                                
Sponsor                                                                         
Deutsche Securities (SA) (Pty) Limited                                          
Date: 18/11/2010 08:59:01 Supplied by www.sharenet.co.za                     
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