MTN - Update on MTN"s investment in IranCell                                    
MTN Group Limited                                                               
Incorporated in the Republic of South Africa)                                   
Registration number 1994/009584/06)                                             
Share code: MTN                                                                 
ISIN ZAE000042164                                                               
("MTN")                                                                         
Update on MTN"s investment in IranCell                                          
Shareholders are referred to SENS announcements made on 20 October 2005 and 21  
November 2005 in respect of MTN"s 49% investment in Sherkate Khademate Ertebati-
E-IranCell (IranCell Telecommunications Services Company) (IranCell). Following 
the payment of the up-front licence fee of Euro300 million on 21 November 2005, 
the Minister of Communications and Information Technology of the Islamic        
Republic of Iran has now formally issued the second GSM licence to IranCell,    
effective 27 November 2005.                                                     
MTN, together with its local partners in IranCell, will now commence with the   
implementation of the extensive network roll-out in compliance with the licence 
conditions.                                                                     
Further information will be released in due course.                             
29 November 2005                                                                
Fairland                                                                        
Merrill Lynch (Pty) Limited                                                     
Date: 29/11/2005 11:22:04 AM Produced by the JSE SENS Department