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Tue 30 Nov 2004, 9:10 MTN Group Limited - Dealing In Securities By Direc
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 terms of Section 3.63 of the Listings Requirements of the JSE Securities     
Exchange South Africa we hereby give you notice of the exercising of share      
options and subsequent sale of MTN Group Shares by the under mentioned director:
Name of Director         :    I Charnley                                        
Date of Transaction      :    26 November 2004                                  
Option Strike Price                                                             
(per share)              :    R13.53                                            
Options Exercised        :    130 000                                           
Shares Sold              :    45 000 on 26 November 2004                        
Shares Sold              :    85 000 on 29 November 2004                        
Sale Price (per share)   :    R41.72                                            
Class of Security        :    Ordinary shares of 0.01 cents each                
Nature of Transaction    :    Exercising of MTN Group Share                     
                              Options under the MTN Group                       
                              Share Trust and subsequent sale of                
                              shares                                            
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.                           
29 November 2004                                                                
Sandton                                                                         
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited
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