MTN Group Limited - MTN Irancell launched commercially on 21 October 2006

MTN Group Limited - MTN Irancell launched commercially on 21 October 2006       
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
Share code: MTN                                                                 
ISIN: ZAE000042164                                                              
("MTN")                                                                         
MTN IRANCELL LAUNCHED COMMERCIALLY ON 21 OCTOBER 2006                           
Shareholders are advised that MTN Irancell launched commercial operations in    
the Islamic Republic of Iran on Saturday, 21 October 2006 with coverage in      
Tehran, Mashhad and Tabriz. Sari and Karaj are expected to be available within  
the next two weeks.                                                             
MTN Irancell is currently connecting only post paid customers and has released  
350 000 SIM cards into the market. It is expected that MTN Irancell will have   
1 million subscribers by the end of December 2006.                              
Unlike current services, MTN Irancell subscribers will benefit from a service   
that is available immediately upon purchase of a SIM card at a connection fee   
of IRR 1,500,000 (approximately $160).  MTN Irancell products are available at  
over 200 stores in Tehran, Tabriz and Mashhad.  This distribution network is    
expected to increase to 7 000 national points of presence by December 2006, in  
most of the major cities in Iran.                                               
Fairland                                                                        
23 October 2006                                                                 
MTN Sponsor                                                                     
Merrill Lynch                                                                   
Date: 23/10/2006 11:48:04 AM Supplied by www.sharenet.co.za                     
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