Director Dealing - 02 December 2004

MTN Group Limited - Dealing in securities by direc

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 terms of Section 3.63 of the Listings Requirements of the JSE Securities Exchange South Africa we hereby give you notice of the exercising of share options and subsequent sale of MTN Group Shares by the under mentioned director : Name of Director of a major subsidiary : JB McGrath Date of Transaction : 1 December 2004 Option Strike Price (per share) : R9.31 Options Exercised : 105 920 Shares Sold : 105 920 Sale Price (per share) : R40.00 Class of Security : Ordinary shares of 0.01 cents each Nature of Transaction : Exercising of MTN Group Share Options under the MTN Group Share Trust and subsequent sale of shares 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. 2 December 2004 Sandton Sponsor Merrill Lynch South Africa (Pty) Limited Date: 02/12/2004 01:00:06 PM Produced by the JSE SENS Department