SENS Note - 11 February 2008

MTN - MTN Group - Broadening Of The Nigerian Shareholder Base Of MTN Nigeria

MTN MTN MTN - MTN Group - Broadening Of The Nigerian Shareholder Base Of MTN Nigeria Communications Limited ("MTN Nigeria") MTN GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1994/009584/06) Share code: MTN ISIN: ZAE000042164 ("MTN") BROADENING OF THE NIGERIAN SHAREHOLDER BASE OF MTN NIGERIA COMMUNICATIONS LIMITED ("MTN NIGERIA") Nigerian individuals and key institutions have acquired a 9.45% interest in MTN Nigeria from MTN, acting through its wholly-owned subsidiary, MTN International (Mauritius) Limited, and other shareholders in MTN Nigeria, pursuant to a private placement. The main rationale for the transaction is to achieve MTN`s stated intention of broadening the ownership of MTN Nigeria among Nigerian citizens and institutions and to reaffirm MTN`s commitment of enabling greater Nigerian representation in MTN Nigeria. MTN disposed of an overall equity interest of 5.96% in MTN Nigeria as part of the private placement for a consideration of US$ 594.50 million, thereby reducing its interest in MTN Nigeria to 76.08%. The allocation date for the private placement was 8 February 2008 and share transfers are anticipated to be effected on 18 February 2008. 11 February 2008 Fairlands Sponsor Merrill Lynch Date: 11/02/2008 15:48:58 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.