MTN Group Limited - Dealing In Securities And/Or Derivatives By Directors

MTN Group Limited - Dealing In Securities And/Or Derivatives By Directors       
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
Share code: MTN                                                                 
ISIN ZAE000042164                                                               
DEALING IN SECURITIES AND/OR DERIVATIVES 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              :    PF Nhleko                                    
Date of Transaction           :    25 March 2004                                
Call Options on MTN Shares    :    395 000                                      
Nature of Transaction         :    Mr Nhleko entered into a derivative          
                                   transaction with a Financial Institution in  
                                   terms of which he has sold 395 000 call      
options                                      

Strike Price of Call Options  :    R9.31                                        
Sale Price of Call Options    :    R22.51                                       
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.                           
25 March 2004                                                                   
Sandton                                                                         
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 25/03/2004 05:55:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department