Director Dealing - 20 April 2009

MTN - MTN Group - Dealing in securities by directo

MTN MTN MTN - MTN Group - Dealing in securities by director of a major subsidiary 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 DIRECTOR OF A MAJOR SUBSIDIARY In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of JSE Limited we hereby disclose the exercise of MTN Group share options, as well as the purchase of shares following the exercise of the options and the subsequent sale of MTN shares by the under mentioned director of a major subsidiary: Name of director: Ms Santie Botha Date of transactions: 15 April 2009 Number of share options exercised: 250 000 Option strike price (per share): R16.81 Total value of options exercised: R4 202 500.00 Offer date: 7 July 2003 Vesting periods: 20% of total allocation on 07 July 2005 20% of total allocation on 07 July 2006 30% of total allocation on 07 July 2007 30% of total allocation on 07 July 2008 Sale price (per share): R107.5721 Total value of shares sold: R26 893 025.00 Class of security: Ordinary shares of 0.01 cents each Nature of transactions: Exercise of share options, as well as the purchase of shares following the exercise of options and the subsequent sale of shares by director 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 Listings Requirements of JSE Limited. Fairland 20 April 2009 Sponsor Deutsche Securities (SA) (Pty) Limited Date: 20/04/2009 17:37:39 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.