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Fri 16 Oct 2009, 17:15 MTN - MTN Group - Dealing in Securities by Directors of Major Subsidiaries
MTN
MTN                                                                             
MTN - MTN Group - Dealing in Securities by Directors of Major Subsidiaries      
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 OF MAJOR SUBSIDIARIES                        
In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of JSE   
Limited we hereby disclose the following dealings in MTN securities by the under
mentioned directors of major subsidiaries:                                      
Name of director:                   Ms Santie Botha                             
Date of transactions:               13 October 2009                             
Number of share options exercised:  200 000                                     
Option strike price (per share):    R16.81                                      
Total value of options exercised:   R3 362 000.00                               
Offer date:                         7 July 2003                                 
Vesting periods:                    20% of total allocation on 7 July 2005      
                                   20% of total allocation on 7 July 2006       
30% of total allocation on 7 July 2007       
                                   30% of total allocation on 7 July 2008       
Sale price (per share):             R124.01                                     
Total value of shares sold:         R24 802 000.00                              
Class of security:                  Ordinary shares of 0.01 cents each          
Nature of transactions:             Exercise of share options, as well as       
                                   the purchase of shares following the         
                                   exercise of options and the subsequent       
sale of shares by director of a major        
                                   subsidiary.                                  
Nature of interest:                 Direct and Beneficial                       
                                                                                
Name of director:                   Mr Karel Pienaar                            
Date of transactions:               13 October 2009                             
Number of share options exercised:  9330                                        
Option strike price (per share):    40.50                                       
Total value of options exercised:   R377 865.00                                 
Offer date:                         12 January 2004                             
Vesting periods:                    20% of total allocation on 12 January       
                                   2006                                         
20% of total allocation on 12 January        
                                   2007                                         
                                   30% of total allocation on 12 January        
                                   2008                                         
30% of total allocation on 12 January        
                                   2009                                         
Sale price (per share):             124.01                                      
Total value of shares sold:         R1 157 013.30                               
Class of security:                  Ordinary shares of 0.01 cents each          
Nature of transactions:             Exercise of share options, as well as       
                                   the purchase of shares following the         
                                   exercise of options and the subsequent       
sale of shares by director of a major        
                                   subsidiary.                                  
Nature of interest:                 Direct and Beneficial                       
                                                                                
Name of director:                   Mr Karel Pienaar                            
Date of transactions:               13 October 2009                             
Number of share appreciation        20 760                                      
rights exercised:                                                               
Offer price (per share):            R71.00                                      
Number of shares received in                                                    
respect of share appreciation                                                   
rights:                             9414                                        
Total value of appreciation rights  R668 394.00                                 
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):             R129.05                                     
Total value of shares sold:         R1 214 876.70                               
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 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 Listings Requirements  
of JSE Limited.                                                                 
Fairland                                                                        
16 October 2009                                                                 
Sponsor                                                                         
Deutsche Securities (SA) (Pty) Limited                                          
Date: 16/10/2009 17:15:01 Produced by the JSE SENS Department.                  
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