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MTN GROUP LIMITED - Dealing in securities by a director of a major subsidiary company

Release Date: 19/06/2013 15:30
Code(s): MTN     PDF:  
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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

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