MTN Group Limited - MTN further increases its shareholding in Uganda

MTN Group Limited - MTN further increases its shareholding in Uganda            
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
Registration number 1994/009584/06)                                             
Share code: MTN                                                                 
ISIN ZAE000042164                                                               
("MTN")                                                                         
MTN further increases its shareholding in Uganda                                
MTN shareholders are referred to the announcement on the 6th July where MTN     
announced the acquisition of 32.44% in MTN Uganda from Swedish telecom company, 
Overseas Telecom AB (which is 65% owned by TeliaSonera).                        
MTN has announced that it has further increased its shareholding in MTN Uganda  
and now owns 97.34% shareholding through the successful acquisition of all of   
Tri-Star Investments S.A.R.L"s 12.89% stake in the operation for a cash only    
consideration of US$55 million. Tri-Star is a Rwanda-based investment holding   
company.                                                                        
Fairland                                                                        
24 July 2006                                                                    
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 24/07/2006 05:35:56 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department