MTN - MTN Group - Broadening Of The Nigerian Shareholder Base Of MTN Nigeria

MTN - MTN Group - Broadening Of The Nigerian Shareholder Base Of MTN Nigeria    
                   Communications Limited ("MTN Nigeria")                       
MTN GROUP LIMITED                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1994/009584/06)                                           
Share code: MTN                                                                 
ISIN: ZAE000042164                                                              
("MTN")                                                                         
BROADENING OF THE NIGERIAN SHAREHOLDER BASE OF MTN NIGERIA COMMUNICATIONS       
LIMITED ("MTN NIGERIA")                                                         
Nigerian individuals and key institutions have acquired a 9.45% interest in MTN 
Nigeria from MTN, acting through its wholly-owned subsidiary, MTN International 
(Mauritius) Limited, and other shareholders in MTN Nigeria, pursuant to a       
private placement.                                                              
The main rationale for the transaction is to achieve MTN`s stated intention of  
broadening the ownership of MTN Nigeria among Nigerian citizens and institutions
and to reaffirm MTN`s commitment of enabling greater Nigerian representation in 
MTN Nigeria.                                                                    
MTN disposed of an overall equity interest of 5.96% in MTN Nigeria as part of   
the private placement for a consideration of US$ 594.50 million, thereby        
reducing its interest in MTN Nigeria to 76.08%.                                 
The allocation date for the private placement was 8 February 2008 and share     
transfers are anticipated to be effected on 18 February 2008.                   
11 February 2008                                                                
Fairlands                                                                       
Sponsor                                                                         
Merrill Lynch                                                                   
Date: 11/02/2008 15:48:58 Supplied by www.sharenet.co.za                     
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