SENS Note - 03 December 2007

MTN - MTN Group - Dealing In Securities By A Director

MTN MTN MTN - MTN Group - 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") Dealing In Securities By A Director Shareholders are referred to the announcements released on SENS on 25 May 2006 and 4 April 2007 regarding the forward purchase and zero cost collar concluded over MTN Group Shares by a director. The transactions were contractually up for renewal at the end of November 2007. They have now been restructured by the director and in accordance with rules 3.63 - 3.74 of the Listing Requirements of the JSE Limited we hereby disclose the terms of the restructured transaction on 29 November 2007. Name of Director: P F Nhleko Date of transactions: 29 November 2007 Bought Put at Strike Price of R 131.87 per share Sold Call at Strike Price of R 171.97 per share Number of Contracts 4 150 000 Expiry 29 May 2009 Forward Price R 89.74 per share Term 18 months Amount of Shares 4 150 000 Class of Security Ordinary Shares of 0.01 cents each Nature of transaction Conclusion of restructured forward purchase and new zero cost collar with 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 listing requirements. Fairland 30 November 2007 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 03/12/2007 07:19:27 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.