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MTN
MTN
MTN - MTN Group - Dealing in Securities by Director of a Major Subsidiary
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 DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of JSE
Limited we hereby disclose the following share dealings in MTN Group securities
by the under mentioned director of a major subsidiary:
Name of Director: Mr C de Faria
Date of transactions: 8 May 2009
Number of share appreciation 69 720
rights exercised:
Offer price (per share): R71.00
Number of shares received in 27 043
respect of appreciation rights
exercised:
Total value of appreciation R1 920 053.00
rights exercised:
Offer date: 21 November 2006
Vesting periods: 20% of total allocation on 21 November 2008
20% of total allocation on 21 November 2009
30% of total allocation on 21 November 2010
30% of total allocation on 21 November 2011
Sale price (per share): R112.05
Number of shares sold: 27 043
Total value of shares sold: R3 030 168.15
Class of security: Ordinary shares of 0.01 cents each
Nature of transactions: Exercise of share appreciation rights, as
well as the purchase of shares following
the exercise of share appreciation rights
and the subsequent sale of shares by a
director of a major subsidiary
Nature of interest: Direct and 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 Listing Requirements of
JSE Limited.
Fairland
12 May 2009
Sponsor
Deutsche Securities (SA) (Pty) Limited
Date: 12/05/2009 17:43:18 Produced by the JSE SENS Department.
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