MTN Group Limited - Acquisition of a stake in a Botswana mobile operator

MTN Group Limited - Acquisition of a stake in a Botswana mobile operator        
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
Registration number 1994/009584/06)                                             
Share code: MTN                                                                 
ISIN ZAE000042164                                                               
("MTN")                                                                         
Acquisition of a stake in a Botswana mobile operator                            
Shareholders are advised that MTN has acquired an effective indirect interest of
44% in Mascom Wireless Botswana (Proprietary) Limited ("Mascom"), a company     
incorporated and registered in Botswana.                                        
Mascom is the leading mobile operator in Botswana with a market share of over   
70% and a subscriber base in excess of 440,000.                                 
The indirect equity interest in Mascom was acquired for an aggregate            
consideration of approximately US$128 million (based on an average exchange rate
of approximately BWP5.5 = US$1), implying an average valuation of US$300 million
(BWP1, 650 million) for 100% of the equity in Mascom.                           
This transaction forms part of MTN"s stated strategy to be the leading mobile   
operator in developing markets.                                                 
The above transaction has been effected with the full co-operation of the Econet
Wireless Group, an existing indirect shareholder in Mascom.                     
This announcement is not related to the cautionary announcement released on SENS
on 20 October 2005.                                                             
Fairland                                                                        
10 November 2005                                                                
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 10/11/2005 04:48:45 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department