Director Dealing - 09 September 2004

DIRECTOR'S DEALING IN SECURITIES

MTN Group Limited - Director`s Dealing In Securities MTN Group Limited (Incorporated in the Republic of South Africa) (Registration number 1994/009584/06) Share code: MTN ISIN ZAE000042164 DIRECTOR`S DEALING IN SECURITIES Shareholders are referred to the announcement dated 25 March 2004 wherein it was disclosed that Mr Nhleko entered into a derivative transaction in terms of which he sold 395 000 call options to a financial institution. The sale price per call option was R22.51 and the strike price is R9.31. In compliance with paragraph 3.63 - 3.74 of the Listings Requirements of the JSE Securities Exchange South Africa, shareholders are advised that all of the call options have been exercised. Prior written approval for this transaction was obtained. 9 September 2004 Sandton Sponsor Merrill Lynch South Africa (Pty) Limited Date: 09/09/2004 05:03:02 PM Produced by the JSE SENS Department