MTN - MTN Group Limited - Trading Statement

MTN - MTN Group Limited - Trading Statement                                     
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
Share code: MTN                                                                 
ISIN ZAE000042164                                                               
("MTN")                                                                         
TRADING STATEMENT                                                               
MTN is currently finalising its financial results for the six month period ended
30 June 2008, expected to be announced on the morning of 28 August 2008.        
In terms of Section 3.4 (b) of the Listings Requirements of the JSE Limited,    
issuers are required to publish a trading statement as soon as they are         
satisfied that a reasonable degree of certainty exists that the earnings for the
period to be reported upon next will differ by at least 20% from those of the   
previous corresponding period, 30 June 2007.                                    
Shareholders are advised that MTN expects an increase of between 9.0% and 14.0% 
in Basic Headline Earnings per Share ("HEPS") as well as an increase of between 
23.3% and 28.3% in Adjusted Headline Earnings per Share ("Adjusted HEPS") for   
the six month period ended 30 June 2008 against the previously reported         
corresponding period. Attributable Earnings per Share for the six month period  
ended 30 June 2008 are expected to increase by between 9.5% and 14.5% against   
the Attributable Earnings per Share reported in the previous corresponding      
period.                                                                         
As reported on in previous periods, the major adjustments between HEPS and      
Adjusted HEPS are the reversal of the impact of the unwind of deferred tax asset
previously raised in Nigeria and the reversal of the impact of the put option   
that a shareholder has on Nigeria.                                              
This trading statement has neither been reviewed nor reported on by MTN`s       
external auditors.                                                              
The information provided in this announcement does not contain and should not be
construed as containing any forward looking statements or projections of any    
nature whatsoever for periods beyond 30 June 2008.                              
Johannesburg                                                                    
20 August 2008                                                                  
Sponsor                                                                         
Merrill Lynch South Africa (Proprietary) Limited                                
Date: 20/08/2008 14:48:19 Supplied by www.sharenet.co.za                     
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