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)                                              
Dealing in Securities by Directors                                              
In terms of Section 3.72 of the Listings Requirements of the JSE Securities     
Exchange we hereby give you notice of the exercise of MTN Group Share Options   
and sale thereof by the undermentioned director:                                
Name of Director                    :  RD Nisbet                                
Date of Transaction                 :  27 June 2003                             
Option Strike Price (per share)     :  Various                                  
Sale Price (per share)              :  R16.25                                   
Amount of Shares                    :  260 000                                  
Class of Security                   :  Ordinary shares of 10 cents each         
Nature of Transaction               :  Exercise of options and sale of shares   
Nature of Interest                  :  Direct Beneficial                        
Sandton                                                                         
27 June 2003                                                                    
Date: 30/06/2003 07:38:01 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department