Director Dealing - 20 August 2010

MTN - MTN Group Limited - Dealing in securities by

MTN MTN MTN - MTN Group Limited - Dealing in securities by a director and directors 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 Group") DEALING IN SECURITIES BY A DIRECTOR AND DIRECTORS OF A MAJOR SUBSIDIARY In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of JSE Limited ("Listings Requirements")we hereby disclose the following share dealings in MTN Group securities by the under mentioned director and directors of a major subsidiary: Name of Director: Mr NI Patel Date of transactions: 19 August 2010 Number of share appreciation 47 650 rights exercised: Offer price (per share): R56.83 Number of shares received in 24 602 respect of appreciation rights exercised: Total value of appreciation R2 707 949.50 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): R119.00 Number of shares sold: 24 602 Total value of shares sold: R2 927 638.00 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 on market following the exercise of share appreciation rights and the subsequent sale of shares on market by a director Nature of interest: Direct and Beneficial Name of Director of a major Ms SL Botha subsidiary: Date of transactions: 19 August 2010 Number of share appreciation 62 360 rights exercised: Offer price (per share): R96.00 Number of shares received in 11 406 respect of appreciation rights exercised: Total value of appreciation R5 986 560.00 rights exercised: Offer date: 22 June 2007 Vesting periods: 20% of total allocation on 22 June 2009 20% of total allocation on 22 June 2010 30% of total allocation on 22 June 2011 30% of total allocation on 22 June 2012 Sale price (per share): R119.00 Number of shares sold: 11 406 Total value of shares sold: R1 357 314.00 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 on market following the exercise of share appreciation rights and the subsequent sale of shares on market by a director of a major subsidiary Nature of interest: Direct and Beneficial Name of Director of a major Mr KW Pienaar subsidiary: Date of transactions: 19 August 2010 Number of share appreciation 20 760 rights exercised: Offer price (per share): R71.00 Number of shares received in 8 215 respect of appreciation rights exercised: Total value of appreciation R1 473 960.00 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): R119.00 Number of shares sold: 8 215 Total value of shares sold: R977 585.00 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 on market following the exercise of share appreciation rights and the subsequent sale of shares on market by a 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 Listings Requirements. Fairland 20 August 2010 Sponsor Deutsche Securities (SA) (Pty) Limited Date: 20/08/2010 17:35:01 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.