MTN Group Limited - Successfully Raises R6.3 Billion In The South African

MTN Group Limited - Successfully Raises R6.3 Billion In The South African       
                      Corporate Bond Market                                     
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
Share code: MTN                                                                 
ISIN ZAE000042164                                                               
("MTN" or the "Company")                                                        
MTN SUCCESSFULLY RAISES R6.3 BILLION IN THE SOUTH AFRICAN CORPORATE BOND MARKET 
MTN is very pleased to announce the results of its maiden foray into the South  
African debt capital market, in what is the biggest capital raising by a        
corporate in this market"s history.                                             
MTN had communicated to the market prior to the issue, that the Company would be
comfortable to raise between ZAR 6.0-8.0bn.  Total book size exceeded ZAR 10.bn,
however giving consideration to other available funding in respect of the       
Investcom transaction the final issue size was settled at  ZAR 6.3bn, split     
between a ZAR 5.0bn 4 year bond and ZAR 1.3bn 8 year bond.  The bonds priced at 
spreads of 145 and 150 bps above the  government R153 and R201 benchmarks       
respectively.   The sale was managed by Deutsche Bank.                          
Fairland                                                                        
6 July 2006                                                                     
Sponsor                                                                         
Merrill Lynch SA (Pty) Ltd                                                      
Date: 06/07/2006 08:56:03 AM Supplied by www.sharenet.co.za                     
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