Sharenet Sites 
Sharenet Sites
MTN - MTN Group Limited - Dealing in securities by a 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 Group") DEALING IN SECURITIES BY A 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 share dealings in MTN Group securities by the under mentioned directors of major subsidiaries: Name of director of a major Mr PD Norman subsidiary: Name of subsidiary: Mobile Telephone Networks (Pty) Ltd Date of transactions: 1 December 2010 Number of share options exercised: 100 080 Option strike price (per share): R9.31 Total value of options exercised: R931 744.80 Offer date: 2 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
Purchase price (per share): R125.07 Total value of shares purchased: R12 517 005.60 Class of security: Ordinary shares of 0.01 cents each Nature of transactions: Exercise of share options and the subsequent delivery of shares to the director to satisfy the MTN Share Option Scheme`s obligations
Nature of interest: Direct Beneficial Name of director of a major Mr AR Bing subsidiary: Name of subsidiary: MTN Nigeria Communications Limited Date of transactions: 1 December 2010 Number of share options exercised: 7 290 Option strike price (per share): R9.31 Total value of options exercised: R67 869.90 Offer date: 2 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
Purchase price (per share): R125.07 Total value of shares sold: R911 760.30 Class of security: Ordinary shares of 0.01 cents each Nature of transactions: Exercise of share options and the subsequent delivery of shares to the director to satisfy the MTN Share Option Scheme`s obligations Nature of interest: Direct Beneficial Name of director of a major Mr AR Bing subsidiary: Name of subsidiary: MTN Nigeria Communications Limited Date of transactions: 1 December 2010 Number of share options exercised: 26 680 Option strike price (per share): R40.50 Total value of options exercised: R1 080 540.00 Offer date: 1 December 2004 Vesting periods: 20% of total allocation on 01 December 2006
20% of total allocation on 01 December 2007 30% of total allocation on 01 December 2008
30% of total allocation on 01 December 2009 Purchase price (per share): R125.07 Total value of shares purchased: R3 336 867.60 Class of security: Ordinary shares of 0.01 cents each Nature of transactions: Exercise of share options and the subsequent delivery of shares to the
director to satisfy the MTN Share Option Scheme`s obligations Nature of interest: Direct Beneficial
Name of director of a major Mr Z Bulbulia subsidiary: Name of subsidiary: Mobile Telephone Networks (Pty) Ltd Date of transactions: 1 December 2010 Number of share options exercised: 64 680 Option strike price (per share): R9.31 Total value of options exercised: R602 170.80 Offer date: 2 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): R123.5879 Total value of shares sold: R7 993 665.37 Class of security: Ordinary shares of 0.01 cents each Nature of transactions: Exercise of share options, and the subsequent sale of shares on market by director of a major subsidiary to
satisfy the MTN Share Option Scheme`s obligations 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 JSE Limited. Fairland 2 December 2010 Sponsor Deutsche Securities (SA) (Pty) Limited Date: 02/12/2010 17:25:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
