Director Dealing - 28 December 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 In compliance with rule 3.63 - 3.74 of the Listings Requirements of the JSE Limited we hereby disclose the forward sale and call options bought and sold transaction of MTN Shares entered into on 28 December 2007 by the under mentioned director: This transaction is separate to and independent from the previous disclosure in respect of the terms of the restructured transaction released under the SENS Announcement of 3 December 2007: Name of Director: P F Nhleko Date of transactions: 28 December 2007 Bought Call at Strike Price of R 133.21 per share Sold Call at Strike Price of R 195.00 per share Number of Contracts 15 893 822 Expiry 31 March 2009 Forward Price R 149.63 per share Term 15 months Amount of Shares 2 610 000 Class of Security Ordinary Shares of 0.01 cents each Nature of transaction Conclusion of Forward sale and Call options bought from and sold to 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 28 December 2007 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 28/12/2007 17:57:07 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.