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)                                            
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                :    27 September 2004                       
Shares Sold                        :    30 000                                  
Sale Price (per share)             :    R30.85                                  
Class of Security                  :    Ordinary shares of 0.01 cents each      
Nature of Transaction              :    Sale of shares held privately           
Nature of Interest                 :    Beneficial                              
Name of Director                   :    RS Dabengwa                             
Date of Transaction                :    30 September 2004                       
Option Strike Price (per share)    :    R9.31                                   
Options Exercised                  :    66 140                                  
Shares Sold                        :    66 140                                  
Sale Price (per share)             :    R30.64                                  
Class of Security                  :    Ordinary shares of 0.01 cents each      
Nature of Transaction              :    Exercising of MTN Group Share           
                                        Options under the MTN Group             
                                        Share Trust and subsequent sale of      
                                        shares                                  
Nature of Interest                 :    Beneficial                              
Name of Company Secretary          :    MMR Mackintosh                          
Date of Transaction                :    30 September 2004                       
Option Strike Price (per share)    :    R9.31                                   
Options Exercised                  :    4 820                                   
Shares Sold                        :    4 820                                   
Sale Price (per share)             :    R30.64                                  
Class of Security                  :    Ordinary shares of 0.01 cents each      
Nature of Transaction              :    Exercising of MTN Group Share           
                                        Options under the MTN Group             
                                        Share Trust and subsequent sale of      
                                        shares                                  
Nature of Interest                 :    Beneficial                              
Name of Director of a major                                                     
subsidiary                         :    PD Norman                               
Date of Transaction                :    30 September 2004                       
Option Strike Price (per share)    :    R9.31                                   
Options Exercised                  :    70 000                                  
Shares Sold                        :    70 000                                  
Sale Price (per share)             :    R30.64                                  
Class of Security                  :    Ordinary shares of 0.01 cents each      
Nature of Transaction              :    Exercising of MTN Group Share           
                                        Options under the MTN Group             
                                        Share Trust and subsequent sale of      
shares                                  

Nature of Interest                 :    Beneficial                              
Name of alternate Director of a                                                 
major subsidiary                   :    MH Steinlechner                         
Date of Transaction                :    30 September 2004                       
Option Strike Price (per share)    :    R9.31                                   
Options Exercised                  :    41 580                                  
Shares Sold                        :    41 580                                  
Sale Price (per share)             :    R30.64                                  
Class of Security                  :    Ordinary shares of 0.01 cents each      
Nature of Transaction              :    Exercising of MTN Group Share           
                                        Options under the MTN Group             
Share Trust and subsequent sale of      

                                        shares                                  
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.                           
1 October 2004                                                                  
Sandton                                                                         
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 01/10/2004 05:15:09 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department