MTN GROUP LTD - MTN GROUP RELEASE OF SUBSCRIBER NUMBERS FOR THE THIRD QUARTER

MTN GROUP LTD - MTN GROUP RELEASE OF SUBSCRIBER NUMBERS FOR THE THIRD QUARTER   
                ENDED 31 DECEMBER 2003                                          
MTN GROUP LIMITED                                                               
("MTN Group" or "the Group")                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
JSE Share code: MTN                                                             
ISIN: ZAE000042164                                                              
MTN GROUP RELEASE OF SUBSCRIBER NUMBERS FOR THE THIRD QUARTER ENDED 31 DECEMBER 
2003                                                                            
As of 31 December 2003, MTN Group recorded 8 928 000 subscribers on its networks
operated in South Africa and other African countries. This is a 13% increase    
over the previous quarter and a 33% increase since financial year-end 31 March  
2003. The Group"s international operations comprised approximately 32%, or 2 878
000 of the subscriber base.                                                     
MTN South Africa surpassed the 6 million subscriber mark and increased its      
subscriber base by 28% since 31 March 2003 to 6 050 000 subscribers. This       
consists of 1 187 000 post-paid subscribers and 4 863 000 pre-paid subscribers. 
Blended average revenue per user ("ARPU") increased slightly to R208 per month  
for the nine months to 31 December 2003, from R207 for the six months to        
September 2003. Pre-paid ARPU of R106 and post-paid ARPU of R606 were recorded. 
MTN International increased its subscriber base by 44% since 31 March 2003 to   
2 878 000 subscribers.                                                          
Subscribers as at 31 December 2003 compared to 30 September 2003 for all        
operations:                                                                     
                  31 December   30 September    % change                        
                         2003           2003  since Sept                        
03                        

South Africa        6 050 000      5 360 000       12.9%                        
Pre-paid            4 863 000      4 255 000       14.3%                        
Postpaid            1 187 000      1 105 000        7.4%                        
International       2 878 000      2 533 000       13.6%                        
Cameroon              538 000        526 000        2.3%                        
Nigeria             1 650 000      1 381 000       19.5%                        
Rwanda                134 000        132 000        1.5%                        
Swaziland              88 000         78 000       12.8%                        
Uganda                468 000        416 000       12.5%                        
TOTAL               8 928 000      7 893 000       13.1%                        
ARPU per month for the period 1 April 2003 to 31 December 2003 compared to ARPU 
per month for period to 30 September 2003 for all operations:                   
               31 December 2003  30 September 2003                              
South Africa              R 208              R 207                              
Pre-paid                  R 106              R 103                              
Post-paid                 R 606              R 609                              
International                                                                   
Cameroon                 US$ 24             US$ 22                              
Nigeria                  US$ 53             US$ 55                              
Rwanda                   US$ 22             US$ 24                              
Swaziland                 R 232              R 209                              
Uganda                   US$ 23             US$ 23                              
Johannesburg                                                                    
5 February 2004                                                                 
Sponsor:                                                                        
Merrill Lynch South Africa                                                      
Date: 05/02/2004 02:25:04 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department