MTN - MTN Group Limited - Dealing in securities by a director and company

MTN - MTN Group Limited - Dealing in securities by a director and company       
secretary                                                                       
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 A DIRECTOR AND COMPANY SECRETARY                       
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 by the under mentioned director and company secretary:               
Name of Director:                Mr RS Dabengwa                                 
Date of transactions:            17 November 2010                               
Number of share appreciation     14 000                                         
rights exercised:                                                               
Offer price (per share):         R56.83                                         
Number of shares received in     7 993                                          
respect of appreciation rights                                                  
exercised:                                                                      
Total value of appreciation      R795 620.00                                    
rights exercised:                                                               
Offer date:                      31 May 2006                                    
Vesting periods:                 20% of total allocation on 30 November 2007    
                                20% of total allocation on 30 November 2008     
                                30% of total allocation on 30 November 2009     
                                30% of total allocation on 30 November 2010     
Sale price (per share):          R131.50                                        
Number of shares sold:           7 993                                          
Total value of shares sold:      R1 051 079.50                                  
Class of security:               Ordinary shares of 0.01 cents each             
Nature of transactions:          The purchase of shares on market in order      
                                to satisfy the MTN Share Appreciation           
                                Rights Scheme`s obligations following the       
                                exercise of share appreciation rights and       
the subsequent sale of these shares on          

                                market by a director.                           
Nature of interest:              Direct Beneficial                              
                                                                                
Name of Company Secretary:       Ms SB Mtshali                                  
Date of transaction:             17 November 2010                               
Sale price (per share):          R132.00                                        
Number of shares sold:           7 031                                          
Total value of shares sold:      R928 092.00                                    
Class of security:               Ordinary shares of 0.01 cents each             
Nature of transaction:           Sale of shares on market by a company          
                                secretary                                       
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 13:00:01 Supplied by www.sharenet.co.za                     
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