SENS Note - 23 February 2004

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