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Fri 5 Dec 2003, 17:00 AWARDING OF SHARE OPTIONS TO NEWLY APPOINTED DIREC
MTN GROUP LIMITED - AWARDING OF SHARE OPTIONS TO NEWLY APPOINTED DIRECTOR       
MTN GROUP LIMITED                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
JSE Share code: MTN                                                             
ISIN code: ZAE000042164                                                         
AWARDING OF SHARE OPTIONS TO NEWLY APPOINTED DIRECTOR: MS SL BOTHA              
In terms of section 3.63 of the Listings Requirements of the JSE Securities     
Exchange South Africa we hereby give you notice of the offer and acceptance of  
MTN Group Share Options allocated to the director of MTN Group Limited as       
mentioned below:                                                                
Name of director:                  Ms Susan Louise Botha                        
Date of offer:                     7 July 2003                                  
Date of acceptance of offer:       3 December 2003                              
Option strike price (per share):   R16.81                                       
Strike date:                       7 July 2003                                  
Amount of share options awarded:   959 540                                      
Nature of transaction:             Offer and acceptance of MTN Group Ltd        
                                   Share Options                                
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       
Sandton                                                                         
5 December 2003                                                                 
Sponsor:                                                                        
Merrill Lynch South Africa (Pty) Limited                                        
Date: 05/12/2003 04:47:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                


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