SENS Note - 18 April 2005

MTN Celtel offer update

MTN announces that it has made an application to the English courts seeking disclosure of certain documents from Celtel and Dr Mohamed Ibrahim, Celtel`s chairman and a major shareholder. MTN believes that legally binding undertakings in relation to the offer set out below were given in favour of MTN by shareholders of Celtel holding in aggregate a substantial percentage of the issued share capital of Celtel prior to the announcement by Celtel of an offer by Mobile Telecommunications Company K.S.C. on 29 March 2005. Upon determination of MTN`s application which is being heard today, MTN will review its position and determine what further action is necessary or advisable in order to protect its rights. There can be no assurance as to the outcomes of the current proceedings or any other actions that MTN may decide to take. Certain outcomes could have a material effect on the price at which MTN securities trade. Accordingly, shareholders are advised to exercise caution when dealing in MTN securities until a further announcement is made. The offer MTN`s offer to acquire 100% of the fully diluted share capital of Celtel, comprising 55 337 479 Celtel shares, 4 102 801 options and 133 334 warrants, to which the said legally binding undertakings relate will be governed by the laws of England and is subject to the key terms.

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