MTN Group Limited - Dealing in Securities by Directors

MTN Group Limited - Dealing in Securities by Directors                          
MTN GROUP LIMITED                                                               
(formerly M-CELL LIMITED)                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
(Share code MTN ISIN ZAE000042164)                                              
("MTN Group" or "the company")                                                  
Dealing in Securities by Directors                                              
In terms of Section 3.72 of the Listings Requirements of the JSE Securities     
Exchange South Africa we hereby give you notice of the exercise of MTN Group    
Share Options and sale thereof by the under-mentioned director :                
Name of Director                : Mr Sifiso Dabengwa                            
Date of Transaction             : 2 December 2002                               
Option Strike Price (per share) : R11.73                                        
Sale Price (per share)          : R13.63                                        
Amount of Shares                : 187 576                                       
Class of Security               : Ordinary shares of 0.01 cents each            
Nature of Transaction           : Exercise of options and sale of shares        
Nature of Interest              : Beneficial                                    
9 December 2002                                                                 
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 09/12/2002 04:31:29 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department