SENS Note - 15 June 2004

ADDITIONAL INFORMATION ON FINANCIAL RESULTS FOR TH

MTN GROUP LIMITED - ADDITIONAL INFORMATION ON FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2004 MTN Group Limited (Incorporated in the Republic of South Africa) (Registration number 1994/009584/06) JSE Share code: MTN ISIN: ZAE000042164 (`MTN Group`) ADDITIONAL INFORMATION ON FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2004 MTN Group has aligned its reporting format for the year ended 31 March 2004 with International Financial Reporting Standards (`IFRS`). The key difference to previous disclosure is on the Operating expenses - net of other operating income line. This line was previously split between Operating expenses - net of sundry income, Depreciation as well as Amortisation. To enable easy comparison with prior years, the income statement for the year ended 31 March 2004 is provided below prepared in accordance with the previous format. Year ended Year ended 31 March 31 March 2004 2003 Rmil Rmil Revenue 23 871 19 405 Cost of sales (9 659) (8 321) Gross Profit 14 212 11 084 Operating expense - net of (5 229) (4 867) sundry income Earnings before interest, 8 983 6 217 taxation, depreciation and amortisation (`EBITDA`) Depreciation (2 204) (1 651) Amortisation (172) (233) Profit from operations 6 607 4 333 before goodwill amortisation Goodwill amortisation (599) (596) Profit from operations 6 008 3 737 Finance income 144 129 Finance costs (748) (957) Share of results of 9 1 associates Profit before tax 5 413 2 910 Income tax expense (1 101) (687) Profit after tax 4 312 2 223 Minority interest (612) (289) Net profit 3 700 1 934 Johannesburg, 15 June 2004 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 15/06/2004 05:15:02 PM Produced by the JSE SENS Department