SENS Note - 15 June 2004

Awarding of share options to an alternate director

MTN Group Limited - Awarding of share options to an alternate director of a subsidiary company MTN Group Limited (Incorporated in the Republic of South Africa) (Registration number 1994/009584/06) Share code MTN ISIN ZAE000042164 Awarding of share options to an alternate director of a subsidiary company In terms of section 3.63 of the Listings Requirements of the JSE Securities Exchange South Africa we hereby give you notice of the grant and acceptance of MTN Group share options allocated to the alternate director of an MTN Group Limited subsidiary as mentioned below: Name of director of subsidiary company: Ms M Steinlechner Date of allocation: 11 June 2004 Date of acceptance: 14 June 2004 Option strike price (per share): R27.00 Grant date (date grant approved by the Board of directors): 1 December 2003 Number of share options awarded: 19,200 Nature of transaction: Acceptance of MTN Group Ltd share options Vesting periods: 20% of total allocation on 1 December 2005 20% of total allocation on 1 December 2006 30% of total allocation on 1 December 2007 30% of total allocation on 1 December 2008 Johannesburg 15 June 2004 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 15/06/2004 05:00:08 PM Produced by the JSE SENS Department