Director Dealing - 26 November 2009

MTN - MTN Group - Dealings In Securities By Direct

MTN MTN MTN - MTN Group - Dealings In Securities By Directors Of Major Subsidiaries 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 BY DIRECTORS OF MAJOR SUBSIDIARIES 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 Director: Mr C de Faria Date of transactions: 24 November 2009 Number of share appreciation 69 720 rights exercised: Offer price (per share): R71.00 Number of shares received in respect of appreciation rights exercised: 28 390 Total value of appreciation R4 950 120.00 rights exercised: Offer date: 21 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): R118.50 Number of shares sold: 28 390 Total value of shares sold: R3 364 215.00 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 and the subsequent sale of shares by a director of a major subsidiary Nature of interest: Direct and Beneficial Name of director: Mr J Ramadan Date of transactions: 24 November 2009 Number of share appreciation 69 720 rights exercised Offer price (per share): R71.00 Number of shares received in 28 262 respect of appreciation rights exercised: Total value of appreciation R4 950 120.00 rights exercised: Offer date: 21 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): R118.60 Total value of shares sold: R3 351 873.20 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 and the subsequent sale of shares 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 26 November 2009 Sponsor Deutsche Securities (SA) (Pty) Limited Date: 26/11/2009 12:52:01 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.