MTN - Trading Update                                                            
MTN Group Limited ("MTN" or "the Company")                                      
(formerly M-Cell Limited)                                                       
(Incorporated in the Republic of South Africa)                                  
Registration number 1994/009584/06                                              
Share Code: MTN                                                                 
ISIN Code: ZAE000042164                                                         
Trading Update                                                                  
The board of directors of the Company considers it appropriate to advise        
shareholders that the Company`s consolidated headline earnings per share for the
6 month period ended 30 September 2002 are expected to be materially higher than
those for the corresponding period in the prior year.                           
It is anticipated that the interim results will be announced after close of     
business on 26 November 2002.                                                   
Sandton                                                                         
8 November 2002                                                                 
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 08/11/2002 08:00:00 AM Produced by the JSE SENS Department