MTN GROUP LIMITED - Dealing in securities by a director

Dealing in securities by a 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 A DIRECTOR

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:

Name of Director:                Mr RS Dabengwa
Date of transaction:             13 June 2013
Number of share options
exercised:                       90 000
Options strike
price(per share):                R27.00
Total value of options
exercised:                       R2 430 000.00
Offer date:                      01 December 2003
Vesting Period:                  20% of total allocation   on   01   December   2005
                                 20% of total allocation   on   01   December   2006
                                 30% of total allocation   on   01   December   2007
                                 30% of total allocation   on   01   December   2008

Highest price of shares sold:    R175.26
Lowest price of shares sold:     R170.30

VWAP of shares sold:             R172.1017
Number of shares sold:           R90 000
Total value of shares sold:      R15 489 153.00
Class of security:               Ordinary shares of 0.01 cents each
Nature of transaction:           Exercise   of   Share   Options   and  the
                                 subsequent on-market sale of shares by the
                                 Director
Nature of interest:              Direct Beneficial


Name of Director:                Mr RS Dabengwa
Date of transaction:             14 June 2013
Number of share options
exercised:                       41 100
Options strike price
(per share):                     R27.00
Total value of options
exercised:                       R1 109 700.00
Offer date:                      01 December 2003
Vesting Period:                  20% of total allocation   on   01   December   2005
                                 20% of total allocation   on   01   December   2006
                                 30% of total allocation   on   01   December   2007
                                 30% of total allocation   on   01   December   2008

Highest price of shares sold:    R178.50
Lowest price of shares sold:     R177.00
VWAP of shares sold:             R177.3205
Number of shares sold:           41 100
Total value of shares sold:      R7 287 872.55
Class of security:               Ordinary shares of 0.01 cents each
Nature of transaction:           Exercise   of   Share   Options   and  the
                                 subsequent on-market sale of shares by the
                                 Director
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.

In terms of the rules of the MTN Share Options Scheme, the Share Options
must be exercised within a 10 (ten) year period from the date of offer, if
they are not exercised within that period they will lapse. Accordingly Mr
Dabengwa has elected to exercise his Share Options.


Fairland
18 June 2013

Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 18/06/2013 04:36:00 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.