MTN Group Limited - MTN Group Trading Statement                                 
MTN Group Limited                                                               
Incorporated in the Republic of South Africa                                    
Registration number 1994/009584/06                                              
Share code: MTN                                                                 
ISIN ZAE000042164                                                               
MTN GROUP TRADING STATEMENT                                                     
In terms of Section 3.4 (b) (Trading Statements) of the Listings Requirements of
the JSE Securities Exchange South Africa (`the JSE Listings Requirements`),     
issuers are required to publish a trading statement as soon as they are         
satisfied that a reasonable degree of certainty exists that the earnings for the
period to be reported upon next will differ by at least 20% from those of the   
previous corresponding period.                                                  
MTN Group is currently finalising its financial results for the financial year  
ended 31 March 2005, expected to be released after close of business on 9 June  
2005.  In accordance with the JSE Listings Requirements, MTN Group would like to
advise that it expects an increase of between 40% to 50% in Basic Headline      
Earnings per Share as well as an increase of between 40% and 50% in Adjusted    
Headline Earnings per Share for the financial year ended 31 March 2005 against  
the prior financial year.                                                       
Attributable Earnings per Share for the financial year ended 31 March 2005 are  
expected to increase by between 70% and 80% against the Attributable Earnings   
per Share for the prior financial year (as disclosed in the MTN Group`s         
financial statements to 31 March 2004).  It should, however, be noted that the  
MTN Group has changed its accounting policy in relation to goodwill             
amortisation, in line with International Financial Reporting Standards (IFRS3). 
Taking this change into account, Attributable Earnings per Share are expected to
increase by between 40% and 50% year-on-year on the re-stated MTN Group         
Attributable Earnings per Share for 2004, which excludes the amortisation of    
goodwill.                                                                       
This trading statement has neither been reviewed nor reported on by MTN Group`s 
external auditors.  The information provided in this announcement does not      
contain and should not be construed as containing any forward look statements or
projections of any nature whatsoever for periods beyond 31 March 2005.          
Fairlands                                                                       
31 May 2005                                                                     
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Ltd