SENS Note - 01 July 2011

MTN - MTN Group Limited - Allocation of MTN Group Limited shares in accordance

MTN MTN MTN - MTN Group Limited - Allocation of MTN Group Limited shares in accordance with the performance share plan MTN Group Limited (Incorporated in the Republic of South Africa) Registration number 1994/009584/06 Share code: MTN ISIN code: ZAE000042164 ("MTN") ALLOCATION OF MTN GROUP LIMITED SHARES IN ACCORDANCE WITH THE PERFORMANCE SHARE PLAN In accordance with paragraph 3.63 of the JSE Limited Listings Requirements shareholders are advised that the company secretary of a major subsidiary of MTN was awarded shares in terms of the MTN`s employee share scheme, the salient details of which are set out below: Name of company secretary MML Mokoka Name of the subsidiary company Mobile Telephones Networks (Pty) Ltd Date of transaction 29 June 2011 Number of options awarded 5300 shares are subject to performance conditions Class of security MTN ordinary shares of 0.01 cents each Market price at which options were R140.50 awarded Total value of shares R745 920 Vesting period 30 months from award date Nature of transaction Award of shares to employee in accordance with MTN Performance Share Plan Nature of interest Direct beneficial Clearance Yes MTN confirms that the shares to be used for allocation will be purchased on the market. Fairland 01 July 2011 Sponsor Deutsche Securities (SA) (Pty) Limited Date: 01/07/2011 15:34:03 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.