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Tue 7 Apr 2009, 17:50 MTN - MTN Group Limited - Dealing in securities by a director
MTN
MTN                                                                             
MTN - MTN Group Limited - Dealing in securities by a director                   
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 A DIRECTOR                                             
Shareholders are referred to the announcement released on SENS on 3 November    
2008 regarding the forward sale and call options bought and sold by a director. 
The call options have now been restructured by the respective director and in   
accordance with rules 3.63 - 3.74 of the Listings Requirements of the JSE       
Limited ("the JSE"), disclosure of the terms of the new transactions concluded  
on 6 April 2009 is set out below.                                               
Name of Director                 P F Nhleko                                     
Date of Transactions             30 October 2008 (remain unchanged)             
Bought Call at Strike Price of   R 135 per share                                
Sold Call at Strike Price of     R 195 per share                                
Number of Contracts              3 500 000                                      
Expiry                           17 September 2009                              
Class of Security                Ordinary shares of 0.01 cents each             
Nature of Transactions           Conclusion of call spreads with                
                                commercial bank                                 
Nature of Interest               Beneficial                                     
Name of Director                 P F Nhleko                                     
Date of Transactions             6 April 2009                                   
Bought Call at Strike Price of   R 135 per share                                
Sold Call at Strike Price of     R 160 per share                                
Number of Contracts              1 209 026                                      
Expiry                           18 March 2010                                  
Class of Security                Ordinary shares of 0.01 cents each             
Nature of Transactions           Conclusion of call spreads with                
                                commercial bank                                 
Nature of Interest               Beneficial                                     
Name of Director                 P F Nhleko                                     
Date of Transaction              6 April 2009                                   
Sale price (per share)           R 107.37                                       
Number of shares                 186 272                                        
Premium/ Total value             R20 million                                    
Class of Security                Ordinary shares of 0.01 cents each             
Nature of Transaction            Sale of shares                                 
Nature of Interest               Beneficial                                     
Prior clearance to enter into the above transactions was obtained in accordance 
with MTN`s policy with regard to dealings by directors as well as the Listings  
Requirements of the JSE.                                                        
Fairland                                                                        
7 April 2009                                                                    
Sponsor                                                                         
Deutsche Securities (SA) (Pty) Limited                                          
Date: 07/04/2009 17:50:02 Produced by the JSE SENS Department.                  
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