MTN Group Limited - MTN to participate in second GSM licence in the Islamic

MTN Group Limited - MTN to participate in second GSM licence in the Islamic     
Republic of Iran and withdrawal of cautionary announcemen                       
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
Registration number 1994/009584/06)                                             
Share code: MTN                                                                 
ISIN ZAE000042164                                                               
("MTN")                                                                         
MTN to participate in second GSM licence in the Islamic Republic of Iran and    
withdrawal of cautionary announcement                                           
Shareholders are referred to the cautionary announcement released on SENS on 19 
September 2005 and on 20 October 2005 advising that MTN had concluded agreements
with the local shareholders of Irancell, the provisional licencee for the second
GSM licence in the Islamic Republic of Iran, to become a 49% shareholder in     
Irancell.                                                                       
Shareholders are advised that MTN is now a 49% shareholder in Irancell. In      
accordance with the rules and regulations of the second GSM licence tender      
process, the Minister of Communications and Information Technology of the       
Islamic Republic of Iran called for payment of Euro 300 million, being the up-  
front licence fee, in terms of the payment guarantee provided by MTN. This      
payment was made to the Ministry of Communications and Information Technology of
the Islamic Republic of Iran (`the Ministry") on 21 November 2005. The Ministry 
is currently in the process of issuing the licence to Irancell and a further    
announcement will be made when appropriate.                                     
Accordingly, the cautionary announcement in respect of the investment by MTN in 
Irancell is withdrawn.                                                          
Fairland                                                                        
21 November 2005                                                                
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 21/11/2005 05:52:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department