MTN - MTN Group Limited - Dealing in securities by a director of a major

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 director of a major subsidiary:                          
Name of director of a major         Mr PD Norman                                
subsidiary:                                                                     
Name of subsidiary:                 Mobile Telephone Networks (Pty) Ltd         
Date of transaction:                10 May 2011                                 
Number of share options exercised:  33 900                                      
Option strike price (per share):    R40.50                                      
Total value of options exercised:   R1 372 950.00                               
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):         R145.99                                     
Total value of shares purchased:    R4 949 061.00                               
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 trade:                    Off-market                                  
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                                                                        
11 May 2011                                                                     
Sponsor                                                                         
Deutsche Securities (SA) (Pty) Limited                                          
Date: 11/05/2011 17:04:23 Supplied by www.sharenet.co.za                     
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