SENS Note - 20 December 2013
MTN GROUP LIMITED - Allocation of MTN Group shares in accordance with the Performance Share Plan
 
MTN 201312200055A
Allocation of MTN Group 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" or "the MTN Group")

ALLOCATION OF MTN GROUP SHARES IN ACCORDANCE WITH THE
PERFORMANCE SHARE PLAN


In accordance with paragraph 3.63 of the JSE Limited Listings
Requirements ("Listings Requirements"), shareholders are advised
that the following MTN directors, the group secretary, directors
of major subsidiaries as well as company secretaries of major
subsidiaries were awarded shares in terms of the MTNís
performance share plan, the salient details of which are set out
below:

1. Name of director RS Dabengwa
Name of the company MTN
Date of transaction 20 December 2013
Number of options awarded 87 800 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which R203.40
options were awarded
Total value of shares R17 858 520
Vesting period Three years from award date
Nature of transaction Award of shares to employee in
accordance with the MTN
Performance Share Plan
Nature of interest Direct beneficial
Clearance Yes


2. Name of director BD Goschen
Name of the company MTN
Date of transaction 20 December 2013
Number of options awarded 43 700 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which R203.40
options were awarded
Total value of shares R8 888 580
Vesting period Three years 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


3. Name of company secretary SB Mtshali
Name of the company MTN
Date of transaction 20 December 2013
Number of options awarded 6 000 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which R203.40
options were awarded
Total value of shares R 1 220 400
Vesting period Three years from award date
Nature of transaction Award of shares to employee in
accordance with MTN
Nature of interest Direct beneficial Performance
Share Plan
Clearance Yes


4. Name of director PD Norman
Name of the subsidiary Mobile Telephones Networks (Pty)
company Ltd
Date of transaction: 20 December 2013
Number of options awarded 28 400 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which R203.40
options were awarded
Total value of shares R5 776 560
Vesting period Three years 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


5. Name of director KW Pienaar
Name of the subsidiary Mobile Telephones Networks (Pty)
company Ltd
Date of transaction 20 December 2013
Number of options awarded 30 600 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which R203.40
options were awarded
Total value of shares R6 224 040
Vesting period Three years 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

6. Name of director Z Bulbulia
Name of the subsidiary Mobile Telephones Networks (Pty)
company Ltd
Date of transaction 20 December 2013
Number of options awarded 24 500 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which R203.40
options were awarded
Total value of shares R4 983 300
Vesting period Three years 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

7. Name of director PG Sibiya
Name of the subsidiary Mobile Telephones Networks (Pty)
company Ltd
Date of transaction 20 December 2013
Number of options awarded 14 700 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which R203.40
options were awarded
Total value of shares R2 989 980
Vesting period Three years 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


8. Name of company secretary MML Mokoka
Name of the subsidiary Mobile Telephones Networks (Pty)
company Ltd
Date of transaction 20 December 2013
Number of options awarded 5 500 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which R203.40
options were awarded
Total value of shares R1 118 700
Vesting period Three years 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


9. Name of director M Ikpoki
Name of the subsidiary MTN Nigeria Communications
company Limited
Date of transaction 20 December 2013
Number of options awarded 36 900 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which R203.40
options were awarded
Total value of shares R7 505 460
Vesting period Three years 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

10. Name of director A Bing
Name of the subsidiary MTN Nigeria Communications
company Limited
Date of transaction 20 December 2013
Number of options awarded 16 000 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which R203.40
options were awarded
Total value of shares R3 254 400
Vesting period Three years 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

11. Name of director JA Desai
Name of the subsidiary MTN Nigeria Communications
company Limited
Date of transaction 20 December 2013
Number of options awarded 44 400 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which R203.40
options were awarded
Total value of shares R9 030 960
Vesting period Three years 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

20 December 2013
Sponsor

Deutsche Securities (SA) Proprietary Limited

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