MTN Group Limited ("MTN")                                                       
(formerly M-Cell Limited)                                                       
(Incorporated in the Republic of South Africa)                                  
Registration number 1994/009584/06                                              
Share Code: MTN                                                                 
ISIN Code: ZAE000042164                                                         
Renewal of Cautionary Announcement                                              
Further to the cautionary announcements of 31 July 2002 and 19 September 2002   
relating to the potential financial exposure by MTN in respect of the           
liquidation of the CNA Group, there have been no further developments which     
would enable the Company to provide more detailed disclosure of any such        
potential exposure.                                                             
Accordingly, shareholders should exercise caution in their dealings in MTN      
shares until further announcements are made.                                    
Sandton                                                                         
4 November 2002                                                                 
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 04/11/2002 05:45:00 PM Produced by the JSE SENS Department