SENS Note - 22 April 2005

MTN -- update on cautionary announcement

Further to the announcement dated 18 April 2005 and with reference to various statements in the media regarding the Court proceedings relating to dealings between MTN and Celtel International B.V. (`Celtel`), MTN has clarified certain matters: In respect of the Court proceedings: On 29 March 2005, the Celtel Board announced that it had agreed the terms of an offer with MTC. MTN made an application for an order for disclosure of documents and information in the English High Court. This application was heard by the Court on 18 April 2005. The Court ordered Celtel and its Chairman Dr Ibrahim to disclose to MTN certain documents and information, including the irrevocable undertakings signed by Celtel shareholders in respect of an offer by MTN and the terms on which such undertakings were held. Such documents and information were being disclosed to MTN up to (and including) yesterday. MTN is reviewing the documents and information disclosed and is considering what further action is necessary or advisable. The court order prevents MTN from disclosing the contents of the documentation and information which Celtel has been ordered to disclose. MTN disagrees with certain of the statements which have been publically attributed to Celtel in relation to this matter. There can be no assurance as to the outcomes of any 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.

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