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 terms of Section 3.63 of the Listings Requirements of the JSE Securities     
Exchange South Africa we hereby give you notice of the exercising of share      
options and subsequent sale of MTN Group Shares by the under mentioned director:
Name of Director of a major subsidiary  :    K Pienaar                          
Date of Transaction                     :    3 December 2004                    
Option Strike Price (per share)         :    R9.31                              
Options Exercised                       :    124 120                            
Shares Sold                             :    124 120                            
Sale Price (per share)                  :    R41.19                             
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.                           
6 December 2004                                                                 
Sandton                                                                         
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 06/12/2004 05:00:04 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department