SENS Note - 04 April 2007

MTN - MTN Group Limited - Dealing in securities by

MTN MTN MTN - MTN Group Limited - Dealing in securities by directors MTN Group Limited (Incorporated in the Republic of South Africa) (Registration number 1994/009584/06) Share code: MTN ISIN: ZAE000042164 ("MTN") Dealing in securities by directors With a view to rebalancing his portfolio in compliance with rule 3.63 - 3.74 of the Listings Requirements of the JSE Limited we hereby disclose a Zero Cost Collar on 935,000 out of 4,150,000 MTN shares forward purchased through a transaction entered into by PF Nhleko on 24th May 2006. You are referred to the SENS announcement of 25th May 2006. Name of Director : PF Nhleko Date of transaction : 3rd April 2007 Bought Put at a strike price of : R98.27 per share Sold Call at a strike price of : R113.69 per share Expiry : 26th November 2007 Amount of contracts : 935 000 Class of Security : Ordinary shares of 0.01 cents each Nature of transaction : Entering into a zero cost Collar with a commercial bank Nature of Interest : Beneficial Prior clearance to enter into the transaction was obtained in accordance with MTN`s policy with regard to Directors` dealings as well as the JSE Limited Listings Requirements. Fairland 4 April 2007 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 04/04/2007 17:27:01 Produced by the JSE SENS Department.