MTN GROUP LIMITED - AWARDING OF SHARE OPTIONS TO A DIRECTOR OF A MAJOR

MTN GROUP LIMITED - AWARDING OF SHARE OPTIONS TO A DIRECTOR OF A MAJOR          
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 A DIRECTOR OF A MAJOR 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 offer and acceptance of  
MTN Group Share Options allocated to the new Managing Director of Mobile        
Telephone Networks (Pty) Ltd as mentioned below:                                
Name of director:                  Mr MB Manyatshe                              
Date of offer:                     1 November 2004                              
Date of acceptance of offer:       8 November 2004                              
Option strike price (per share):   R33.09                                       
Strike date:                       1 November 2004                              
Amount of share options awarded:   300 100                                      
Nature of transaction:             Offer and acceptance of MTN Group Ltd        
Share Options                                

Vesting periods:                   20% of total allocation on 1 November 2006   
                                   20% of total allocation on 1 November 2007   
                                   30% of total allocation on 1 November 2008   
30% of total allocation on 1 November 2009   

8 November 2004                                                                 
Sandton                                                                         
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 08/11/2004 05:32:45 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department