Director Dealing - 17 March 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) JSE Share code: MTN ISIN: ZAE000042164 DEALING IN SECURITIES 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: I Charnley Date of Transaction: 16 March 2004 Issue Price (per share option): R13.53 Amount of Shares options exercised: 50 000 Class of Security once converted: Ordinary shares of 0.01 cents each Nature of Transaction: Exercising of MTN Group Ltd Share Options under the MTN Group Ltd Share Trust Sale Price (per share): R32.51 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. 17 March 2004 Sandton Sponsor: Merrill Lynch South Africa (Pty) Limited Date: 17/03/2004 05:20:23 PM Produced by the JSE SENS Department