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MTN
MTN
MTN - MTN Group Limited - Dealing in securities by a 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 A 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 of a major Mr PD Norman
subsidiary:
Name of subsidiary: Mobile Telephone Networks (Pty) Ltd
Date of transaction: 10 May 2011
Number of share options exercised: 33 900
Option strike price (per share): R40.50
Total value of options exercised: R1 372 950.00
Offer date: 1 December 2004
Vesting periods: 20% of total allocation on 01 December
2006
20% of total allocation on 01 December
2007
30% of total allocation on 01 December
2008
30% of total allocation on 01 December
2009
Purchase price (per share): R145.99
Total value of shares purchased: R4 949 061.00
Class of security: Ordinary shares of 0.01 cents each
Nature of transactions: Exercise of share options and the
subsequent delivery of shares to the
director to satisfy the MTN Share Option
Scheme`s obligations
Nature of trade: Off-market
Nature of interest: Direct 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
11 May 2011
Sponsor
Deutsche Securities (SA) (Pty) Limited
Date: 11/05/2011 17:04:23 Produced by the JSE SENS Department.
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