Dealing in securities by a director of a major subsidiary company 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 COMPANY 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 of a major subsidiary: Name of Director: Mr Z Bulbulia Name of subsidiary company: Mobile Telephone Networks (Pty) Ltd Date of transaction: 14 June 2013 Number of share options exercised: 24 700 Options strike price (per share): R27.00 Total value of options exercised: R666 900.00 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 sold: R177.52 Lowest price sold: R177.00 VWAP of shares sold: R177.0516 Total value of transaction: R4 373 135.00 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 a director of a major subsidiary company Nature of interest: Direct Beneficial Name of Director: Mr Z Bulbulia Name of subsidiary company: Mobile Telephone Networks (Pty) Ltd Date of transaction: 14 June 2013 Number of share appreciation rights exercised: 24 600 Share appreciation rights strike price (per share): R126.99 Number of shares received in respect of share appreciation rights exercised: 6775 Total value of share appreciation rights exercised: R3 123 954.00 Offer date: 19 March 2008 Vesting Period: 20% of total allocation on 19 March 2010 20% of total allocation on 19 March 2011 30% of total allocation on 19 March 2012 30% of total allocation on 19 March 2013 Highest price sold: R177.52 Lowest price sold: R177.00 VWAP of shares sold: R177.0516 Total value of transaction: R1 199 513.75 Class of security: Ordinary shares of 0.01 cents each Nature of transaction: Exercise of Share Appreciation Rights and the subsequent sale of shares by the Director Nature of interest: Direct Beneficial Name of Director: Mr Z Bulbulia Name of subsidiary company: Mobile Telephone Networks (Pty) Ltd Date of transaction: 14 June 2013 Highest price sold: R178.07 Lowest price sold R176.20 VWAP price of shares sold: R176.9207 Number of shares sold: 40 000 Total value of shares sold: R7 076 800.00 Class of security: Ordinary shares of 0.01 cents each Nature of transaction: Sale of shares on market by a director of a major subsidiary company 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 19 June 2013 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 19/06/2013 03:30:00 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.