MTN GROUP LIMITED - DEALING IN SECURITIES BY DIRECTORS

MTN GROUP LIMITED - DEALING IN SECURITIES BY DIRECTORS                          
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
JSE Share code: MTN                                                             
ISIN: ZAE000042164                                                              
DEALING IN SECURITIES BY DIRECTORS                                              
In compliance with paragraph 3.63 - 3.74 of the Listings Requirements of the JSE
Securities Exchange South Africa, the following information is disclosed:       
Name of Director:                       I Charnley                              
Date of Transaction:                    16 March 2004                           
Issue Price (per share option):         R13.53                                  
Amount of Shares options exercised:     50 000                                  
Class of Security once converted:       Ordinary shares of 0.01 cents each      
Nature of Transaction:                  Exercising of MTN Group Ltd Share       
Options under the MTN Group Ltd Share   

                                        Trust                                   
Sale Price (per share):                 R32.51                                  
Nature of Interest:                     Beneficial                              
Prior written approval in terms of paragraph 3.66 of the JSE Securities Exchange
South Africa Listings Requirements has been obtained.                           
17 March 2004                                                                   
Sandton                                                                         
Sponsor:                                                                        
Merrill Lynch South Africa (Pty) Limited                                        
Date: 17/03/2004 05:20:23 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department