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Mon 23 Feb 2004, 18:03 Dealing in Securities by Directors
MTN Group Limited - Dealing in Securities by Directors                          
  MTN Group Limited                                                               
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1994/009584/06)                                            
  Share code: MTN                                                                 
  ISIN ZAE000042164                                                               
  Dealing in Securities by Directors                                              
  In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the  
  JSE Securities Exchange South Africa, the following information is disclosed:   
  Name of Director              :    RS Dabengwa                                  
  Date of Transaction           :    23 February 2004                             
  Sale Price (per share)        :    R 30.34                                      
  Amount of Shares              :    187 703                                      
  Class of Security             :    Ordinary shares of 0.01 cents each           
  Nature of Transaction         :    Sale of shares arising from the conversion of
  60 390 compulsorily convertible debentures in
                                     Mobile Telephone Networks Holdings (Pty) Ltd 
                                     allocated to the individual through the MTN  
                                     Staff Incentive Trust (Debenture Scheme).    
  Nature of Interest            :    Beneficial                                   
  Prior written approval in terms of paragraph 3.66 of the JSE Securities Exchange
  South Africa Listings Requirements has been obtained.                           
  23 February 2004                                                                
  Sandton                                                                         
  Sponsor                                                                         
  Merrill Lynch South Africa (Pty) Limited                                        
  Date: 23/02/2004 05:00:02 PM Produced by the JSE SENS Department                
                                                                                  
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