Director Dealing - 19 January 2005

AWARDING OF SHARE OPTIONS TO DIRECTORS OF A SUBSID

MTN GROUP LIMITED - AWARDING OF SHARE OPTIONS TO DIRECTORS 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 DIRECTORS 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 offer and acceptance of MTN Group Share Options allocated to the directors of MTN Group Limited as mentioned below: Name of director of subsidiary company : Mr K Pienaar Date of offer : 1 December 2004 Date of acceptance of offer : 18 January 2005 Option strike price (per share) : R40.50 Strike date : 1 December 2004 Amount of share options awarded : 31 100 Nature of transaction : Offer and acceptance of MTN Group Ltd Share Options Vesting periods : 20% of total allocation on 1 December 2006 20% of total allocation on 1 December 2007 30% of total allocation on 1 December 2008 30% of total allocation on 1 December 2009 Name of director of subsidiary company : Mr P Norman Date of offer : 1 December 2004 Date of acceptance of offer : 19 January 2005 Option strike price (per share) : R40.50 Strike date : 1 December 2004 Amount of share options awarded : 33 900 Nature of transaction : Offer and acceptance of MTN Group Ltd Share Options Vesting periods : 20% of total allocation on 1 December 2006 20% of total allocation on 1 December 2007 30% of total allocation on 1 December 2008 30% of total allocation on 1 December 2009 19 January 2005 Sandton Sponsor Merrill Lynch South Africa (Pty) Limited Date: 19/01/2005 03:37:52 PM Produced by the JSE SENS Department