Director Dealing - 18 November 2010

MTN - MTN Group - Dealing in securities by Directo

MTN MTN MTN - MTN Group - Dealing in securities by Director 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 DIRECTOR Shareholders are referred to the previous announcement released on SENS on 9 November 2009. In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of the JSE Limited, we hereby disclose the early termination of the transaction in MTN securities by the undermentioned director and the share dealings arising in respect thereof: Name of Director: Mr Phuthuma Nhleko Date of early termination of 17 November 2010 the transaction: Highest price of shares sold R131.66 Lowest price of shares sold R131.20 VWAP of shares sold: R131.33 Number of shares sold: 3 231 047 Total value of shares sold: R424 333 402.51 Class of security: Ordinary shares of 0.01 cents each Nature of transactions: Sale of shares on market by a director with a portion of the proceeds applied to settle his obligations arising from the early termination of transaction concluded with commercial bank. Nature of interest: Direct 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 the JSE Limited. Fairland 18 November 2010 Sponsor Deutsche Securities (SA) (Pty) Limited Date: 18/11/2010 08:59:01 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.