MTN - MTN Group Limited - Allocation of MTN Group Limited shares in accordance

MTN - MTN Group Limited - Allocation of MTN Group Limited shares in accordance  
with the performance share plan                                                 
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
Registration number 1994/009584/06                                              
Share code: MTN                                                                 
ISIN code: ZAE000042164                                                         
("MTN")                                                                         
ALLOCATION OF MTN GROUP LIMITED SHARES IN ACCORDANCE WITH THE PERFORMANCE SHARE 
PLAN                                                                            
In accordance with paragraph 3.63 of the JSE Limited Listings Requirements      
shareholders are advised that the company secretary of a major subsidiary of MTN
was awarded shares in terms of the MTN`s employee share scheme, the salient     
details of which are set out below:                                             
 Name of company secretary            MML Mokoka                                
Name of the subsidiary company       Mobile Telephones Networks (Pty) Ltd      
 Date of transaction                  29 June 2011                              
 Number of options awarded            5300 shares are subject to                
                                      performance conditions                    
Class of security                    MTN ordinary shares of 0.01 cents         
                                      each                                      
 Market price at which options were   R140.50                                   
 awarded                                                                        
Total value of shares                R745 920                                  
 Vesting period                       30 months from award date                 
 Nature of transaction                Award of shares to employee in            
                                      accordance with MTN Performance           
Share Plan                                

 Nature of interest                   Direct beneficial                         
 Clearance                            Yes                                       
MTN confirms that the shares to be used for allocation will be purchased on the 
market.                                                                         
Fairland                                                                        
01 July 2011                                                                    
Sponsor                                                                         
Deutsche Securities (SA) (Pty) Limited                                          
Date: 01/07/2011 15:34:03 Supplied by www.sharenet.co.za                     
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