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Thu 25 Mar 2004, 18:00 Dealing In Securities And/Or Derivatives By Direct
MTN Group Limited - Dealing In Securities And/Or Derivatives 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 AND/OR DERIVATIVES BY DIRECTORS                           
  In compliance with paragraph 3.63 - 3.74 of the Listings Requirements of the JSE
  Securities Exchange South Africa, the following information is disclosed:       
  Name of Director              :    PF Nhleko                                    
  Date of Transaction           :    25 March 2004                                
  Call Options on MTN Shares    :    395 000                                      
  Nature of Transaction         :    Mr Nhleko entered into a derivative          
                                     transaction with a Financial Institution in  
                                     terms of which he has sold 395 000 call      
  options                                      
  Strike Price of Call Options  :    R9.31                                        
  Sale Price of Call Options    :    R22.51                                       
  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.                           
  25 March 2004                                                                   
  Sandton                                                                         
  Sponsor                                                                         
  Merrill Lynch South Africa (Pty) Limited                                        
  Date: 25/03/2004 05:55:02 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 
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