Director Dealing - 18 November 2010

MTN - MTN Group Limited - Dealing in securities by

MTN MTN MTN - MTN Group Limited - Dealing in securities by a director and company secretary 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 COMPANY SECRETARY 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 by the under mentioned director and company secretary: Name of Director: Mr RS Dabengwa Date of transactions: 17 November 2010 Number of share appreciation 14 000 rights exercised: Offer price (per share): R56.83 Number of shares received in 7 993 respect of appreciation rights exercised: Total value of appreciation R795 620.00 rights exercised: Offer date: 31 May 2006 Vesting periods: 20% of total allocation on 30 November 2007 20% of total allocation on 30 November 2008 30% of total allocation on 30 November 2009 30% of total allocation on 30 November 2010 Sale price (per share): R131.50 Number of shares sold: 7 993 Total value of shares sold: R1 051 079.50 Class of security: Ordinary shares of 0.01 cents each Nature of transactions: The purchase of shares on market in order to satisfy the MTN Share Appreciation Rights Scheme`s obligations following the exercise of share appreciation rights and the subsequent sale of these shares on market by a director. Nature of interest: Direct Beneficial Name of Company Secretary: Ms SB Mtshali Date of transaction: 17 November 2010 Sale price (per share): R132.00 Number of shares sold: 7 031 Total value of shares sold: R928 092.00 Class of security: Ordinary shares of 0.01 cents each Nature of transaction: Sale of shares on market by a company secretary 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 13:00:01 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.