MTN GROUP LIMITED - ADDITIONAL INFORMATION ON FINANCIAL RESULTS FOR THE YEAR

MTN GROUP LIMITED - ADDITIONAL INFORMATION ON FINANCIAL RESULTS FOR THE YEAR    
                    ENDED 31 MARCH 2004                                         
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
JSE Share code: MTN                                                             
ISIN: ZAE000042164                                                              
("MTN Group")                                                                   
ADDITIONAL INFORMATION ON FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2004    
MTN Group has aligned its reporting format for the year ended 31 March 2004 with
International Financial Reporting Standards ("IFRS"). The key difference to     
previous disclosure is on the Operating expenses - net of other operating income
line. This line was previously split between Operating expenses - net of sundry 
income, Depreciation as well as Amortisation. To enable easy comparison with    
prior years, the income statement for the year ended 31 March 2004 is provided  
below prepared in accordance with the previous format.                          
                               Year ended  Year ended                           
                                 31 March    31 March                           
                                     2004        2003                           
Rmil        Rmil                           

Revenue                            23 871      19 405                           
Cost of sales                     (9 659)     (8 321)                           
Gross Profit                       14 212      11 084                           
Operating expense - net of        (5 229)     (4 867)                           
sundry income                                                                   
Earnings before interest,           8 983       6 217                           
taxation, depreciation and                                                      
amortisation ("EBITDA")                                                         
Depreciation                      (2 204)     (1 651)                           
Amortisation                        (172)       (233)                           
Profit from operations              6 607       4 333                           
before goodwill amortisation                                                    
Goodwill amortisation               (599)       (596)                           
Profit from operations              6 008       3 737                           
Finance income                        144         129                           
Finance costs                       (748)       (957)                           
Share of results of                     9           1                           
associates                                                                      
Profit before tax                   5 413       2 910                           
Income tax expense                (1 101)       (687)                           
Profit after tax                    4 312       2 223                           
Minority interest                   (612)       (289)                           
Net profit                          3 700       1 934                           
Johannesburg,                                                                   
15 June 2004                                                                    
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 15/06/2004 05:15:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department