MTN Group -Update on Cautionary Announcement22 Apr 2005
MTN Group Limited - Update on Cautionary Announcement 18 April 2005             
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
(ISIN code ZAE000042164)                                                        
(Share code MTN)                                                                
(`MTN`)                                                                         
UPDATE ON CAUTIONARY ANNOUNCEMENT 18 APRIL 2005                                 
Further to our announcement dated 18 April 2005 and with reference to various   
statements in the media regarding the Court proceedings relating to dealings    
between MTN and Celtel International B.V. (`Celtel`), MTN hereby wishes to      
clarify certain matters:                                                        
1. In respect of the Court proceedings:                                         
a.On 29 March 2005, the Celtel Board announced that it had agreed the terms of  
  an offer with MTC.                                                            
b.   MTN made an application for an order for disclosure of documents and       
  information in the English High Court.  This application was heard by the Cour
  on 18 April 2005.                                                             
c.   The Court ordered Celtel and its Chairman Dr Ibrahim to disclose to MTN    
certain documents and information, including the irrevocable undertakings signed
by Celtel shareholders in respect of an offer by MTN and the terms on which such
undertakings were held.                                                         
d.   Such documents and information were being disclosed to MTN up to (and      
including) yesterday.                                                           
e.   MTN is reviewing the documents and information disclosed and is considering
what further action is necessary or advisable.                                  
2. The court order prevents MTN from disclosing the contents of the             
documentation and information which Celtel has been ordered to disclose. MTN 
   disagrees with certain of the statements which have been publically          
   attributed to Celtel in relation to this matter.                             
3. There can be no assurance as to the outcomes of any proceedings or any other 
actions that MTN may decide to take. Certain outcomes could have a material  
   effect on the price at which MTN securities trade. Accordingly, shareholders 
   are advised to exercise caution when dealing in MTN securities until a       
   further announcement is made.                                                
Johannesburg                                                                    
22 April 2005                                                                   
Transaction and lead sponsor                                                    
Morgan Stanley South Africa (Proprietary) Limited                               
Joint sponsor                                                                   
Merrill Lynch South Africa                                                      
For enquiries, please contact:                                                  
Monika Steinlechner, investor relations                                         
Tel: +27 83 212 5710                                                            
Date: 22/04/2005 05:51:04 PM              
Produced by the JSE SENS Department