MTN Group Limited - Awarding of share options to an alternate director of a

MTN Group Limited - Awarding of share options to an alternate director of a     
subsidiary company                                                              
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
Share code MTN                                                                  
ISIN ZAE000042164                                                               
Awarding of share options to an alternate director of a subsidiary company      
In terms of section 3.63 of the Listings Requirements of the JSE Securities     
Exchange South Africa we hereby give you notice of the grant and acceptance of  
MTN Group share options allocated to the alternate director of an MTN Group     
Limited subsidiary as mentioned below:                                          
Name of director of subsidiary company:      Ms M Steinlechner                  
Date of allocation:                          11 June 2004                       
Date of acceptance:                          14 June 2004                       
Option strike price (per share):             R27.00                             
Grant date (date grant approved by                                              
the Board of directors):                     1 December 2003                    
Number of share options awarded:             19,200                             
Nature of transaction:                       Acceptance of MTN Group Ltd        
                                             share options                      
Vesting periods:                             20% of total allocation on 1       
                                             December 2005                      
20% of total allocation on 1       

                                             December 2006                      
                                             30% of total allocation on 1       
                                             December 2007                      
30% of total allocation on 1       

                                             December 2008                      
Johannesburg                                                                    
15 June 2004                                                                    
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 15/06/2004 05:00:08 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department