Trading Update6 Aug 2003
MTN - MTN Group Operating  For First Quarter Ended 30 June 2003   
MTN Group Limited                                                               
("MTN Group" or "the Group")                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
Share code MTN                                                                  
ISIN ZAE000042164                                                               
MTN GROUP OPERATING TRADING UPDATE FOR FIRST QUARTER ENDED 30 JUNE 2003         
As of 30 June 2003, MTN Group recorded 7 205 000 subscribers on its networks    
operated in South Africa and other African countries. This is a 41.9% increase  
year-on-year and a 7.1% increase since financial year-end 31 March 2003. The    
Group"s international operations comprised approximately 31%, or 2 238 000 of   
the subscriber base.                                                            
MTN South Africa increased its subscriber base by 5.2% since 31 March 2003 to 4 
967 000 subscribers. This consists of 1 020 000 post-paid subscribers and       
3 947 000 pre-paid subscribers, with increases of 4.6% and 5.3% since year-end  
respectively. Blended average revenue per user ("ARPU") declined slightly from  
R206 to R203 per month for the period from 1 April 2003 to 30 June 2003. Pre-   
paid ARPU of R 102 and post-paid ARPU of R 596 were recorded.                   
MTN International increased its subscriber base by 11.7% since 31 March 2003 to 
2 238 000 subscribers.                                                          
Subscribers as of 30 June 2003 compared to 31 March 2003 for all operations:    
                 30 June 2003  31 March 2003        % change                    
South Africa        4 967 000      4 723 000            5.2%                    
Pre-paid            3 947 000      3 748 000            5.3%                    
Postpaid            1 020 000        975 000            4.6%                    
International       2 238 000      2 004 000           11.7%                    
Cameroon              465 000        431 000            7.9%                    
Nigeria             1 212 000      1 037 000           16.9%                    
Rwanda                114 000        105 000            8.6%                    
Swaziland              68 000         68 000              --                    
Uganda                379 000        363 000            4.4%                    
TOTAL               7 205 000      6 727 000            7.1%                    
ARPU per month for the period 1 April 2003 to 30 June 2003 compared to ARPU per 
month for the full year to 31 March 2003 for all operations:                    
30 June 2003  31 March 2003                                    
South Africa            R 203          R 206                                    
Pre-paid                R 102          R 101                                    
Post-paid               R 596          R 607                                    
International                                                                   
Cameroon               US$ 21         US$ 21                                    
Nigeria                US$ 56         US$ 57                                    
Rwanda                 US$ 23         US$ 27                                    
Swaziland               R 225          R 228                                    
Uganda                 US$ 23         US$ 28                                    
6 August 2003                                                                   
Johannesburg                                                                    
Sponsor                                                                         
Merrill Lynch South Africa                                                      
Date: 06/08/2003 03:12:48 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department