MTN
 MTN                                                                             
MTN - MTN Group`s National Scale Rating Upgraded To A2.Za From A3.Za            
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
Share code MTN                                                                  
ISIN ZAE000042164                                                               
("MTN Group")                                                                   
MTN GROUP`S NATIONAL SCALE RATING UPGRADED TO A2.za FROM A3.za                  
Moody`s Investors Service has affirmed the global scale issuer rating of MTN    
Group Limited ("MTN") at Baa3 and upgraded its national scale rating to A2.za   
from A3.za. The outlook on the ratings was changed to positive.                 
Fairland                                                                        
21 February 2008                                                                
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Ltd                                            
Date: 21/02/2008 11:42:01 Produced by the JSE SENS Department.                  
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