Director Dealing - 05 October 2009

MTN - MTN Group Limited - Dealings in securities

MTN MTN MTN - MTN Group Limited - Dealings in securities MTN Group Limited (Incorporated in the Republic of South Africa) Registration Number 1994/009584/06 Share code: MTN ISIN: ZAE000042164 ("MTN Group") DEALINGS IN SECURITIES 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 appreciation rights: Name of Company Secretary: Ms S B Mtshali Date of transactions: 1 October 2009 Number of share appreciation rights 10 600 exercised: Offer price (per share): R56.83 Number of shares received in respect 5 668 of appreciation rights exercised: Total value of appreciation rights R322 112.44 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): R128.50 Number of shares sold: 5 668 Total value of shares sold: R728 338.00 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 J Ramadan Date of transactions: 1 October 2009 Number of share appreciation rights 69 720 exercised Offer price (per share): R71.00 Number of shares received in respect 29 195 of appreciation rights exercised: Total value of appreciation rights R2 072 845.00 exercised: Offer date: 22 November 2006 Vesting periods: 20% of total allocation on 21 Nov 2008 20% of total allocation on 21 Nov 2009 30% of total allocation on 21 Nov 2010 30% of total allocation on 21 Nov 2011 Sale price (per share): R128.50 Number of shares sold: 29 195 Total value of shares sold: R3 751 557.50 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 Vice President: MENA Region 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 5 October 2009 Sponsor Deutsche Securities (SA) (Pty) Limited Date: 05/10/2009 17:15:01 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.