Director Dealing - 21 December 2006

MTN - MTN Group Limited - Dealing in Securities by

MTN MTN MTN - MTN Group Limited - Dealing in Securities by Directors MTN Group Limited (Incorporated in the Republic of South Africa) (Registration number 1994/009584/06) Share code: MTN ISIN: ZAE000042164 ("MTN") DEALING IN SECURITIES BY DIRECTORS In compliance with rule 3.63 - 3.74 of the Listings Requirements of the JSE Limited we hereby disclose the exercise of MTN Group Share Options and sale of MTN Shares by the under mentioned director of a major subsidiary: Name of Director of subsidiary Company : Mr Zunaid Bulbulia Name of subsidiary : Mobile Telephone Networks (Pty) Ltd Date of Transaction : 20 December 2006 Option Strike Price (per share) : R 13.53 Sale Price (per share) : R 80.71 Amount of Shares : 15 180 Class of Security : Ordinary shares of 0.01 cents each Nature of Transaction : Exercise of options and sale of shares by Director of major subsidiary Nature of Interest : 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 JSE Limited listing requirements. Fairland 21 December 2006 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 21/12/2006 14:19:01 Produced by the JSE SENS Department.