MTN Group Limited - Further cautionary announcement                             
MTN Group Limited                                                               
(Formerly M-Cell Limited)                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1994/009584/06)                                            
Share code: MTN                                                                 
ISIN code: ZAE 000042164                                                        
("Company")                                                                     
Further cautionary announcement                                                 
Further to the cautionary announcement dated 22 November 2002, shareholders are 
advised that the Company is still involved in discussions in relation to a      
potential transaction involving some of the Company`s non-South African assets. 
Accordingly, shareholders are advised to continue exercising caution when       
dealing in their shares until a further announcement is made.                   
Sandton                                                                         
8 January 2002                                                                  
Date: 08/01/2003 01:26:00 PM Produced by the JSE SENS Department