Director Dealing - 03 April 2009

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 Group") DEALING IN SECURITIES BY DIRECTORS 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 and share options: Name of director: Mr R D Nisbet Date of transactions: 1 April 2009 Number of share appreciation 39 480 rights exercised: Offer price (per share): R71.00 Number of shares received in 12 784 respect of appreciation rights exercised: Total value of appreciation R907 664.00 rights exercised: Offer date: 21 November 2006 Vesting periods: 20% of total allocation on 21 November 2008 20% of total allocation on 21 November 2009 30% of total allocation on 21 November 2010 30% of total allocation on 21 November 2011 Sale price (per share): R106.42 Number of shares sold: 12 784 Total value of shares sold: R1 360 509.08 Class of security: Ordinary shares of 0.01 cents each Nature of transactions: The receipt of shares following the exercise of share appreciation rights and the subsequent sale of shares by director Nature of interest: Direct and Beneficial Name of Company Secretary: Ms S B Mtshali Date of transactions: 2 April 2009 Number of share appreciation 10 600 rights exercised: Offer price (per share): R58.83 Number of shares received in 5 084 respect of appreciation rights exercised: Total value of appreciation R299 091.72 rights exercised: Offer date: 31 May 2006 Vesting periods: 20% of total allocation on 31 May 2008 20% of total allocation on 31 May 2009 30% of total allocation on 31 May 2010 30% of total allocation on 31 May 2011 Sale price (per share): R111.60 Number of shares sold: 5 084 Total value of shares sold: R567 374.40 Class of security: Ordinary shares of 0.01 cents each Nature of transactions: Exercise of share appreciation rights, as well as the purchase of shares following the exercise of share appreciation rights and the subsequent sale of shares by company secretary Nature of interest: Direct and Beneficial Name of director: Mr PD Norman Date of transactions: 1 April 2009 Number of share options exercised 50 000 Option strike price (per share): R9.31 Offer date: 2 September 2002 Vesting periods: 20% of total allocation on 2 Sept 2004 20% of total allocation on 2 Sept 2005 30% of total allocation on 2 Sept 2006 30% of total allocation on 2 Sept 2007 Sale price (per share): R105.07 Total value of shares sold: R5 253 500 Class of security: Ordinary shares of 0.01 cents each Nature of transactions: Sale of shares following the exercise of share options by director of a major subsidiary Nature of interest: Direct and beneficial Name of director: Mr PD Norman Date of transactions: 1 April 2009 Sale price per share: R105.92 Number of shares sold 100 000 Total value of shares sold: R10 592 000 Class of security: Ordinary shares of 0.01 cents each Nature of transactions: Sale of shares in the open market by director of a major subsidiary Nature of interest: Direct and 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 Listing Requirements of JSE Limited. Fairland 3 April 2009 Sponsor Deutsche Securities (SA) (Pty) Limited Date: 03/04/2009 17:38:01 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.