SENS Note - 05 May 2008

MTN -- cautionary announcement

Further to the statement released by the company on SENS on Friday, 25 April 2008, shareholders are advised that MTN is engaged in discussions with Bharti Airtel Ltd which, if successfully concluded, may have a material effect on the price of the company's securities. The discussions are exploratory in nature and may or may not lead to any transaction. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.