MTN
 MTN                                                                             
MTN Group Limited - MTN Group Offer To Shareholders Of Investcom Llc ("The      
Offer") Becomes Unconditional As To Acceptances                                 
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
(Share code: MTN)                                                               
(ISIN code: ZAE000042164)                                                       
("MTN Group" or the "Company")                                                  
MTN GROUP OFFER TO SHAREHOLDERS OF INVESTCOM LLC ("the OFFER") BECOMES          
UNCONDITIONAL AS TO ACCEPTANCES                                                 
Further to the announcement dated 20 June 2006, MTN Group shareholders are      
advised that as at 5.00p.m. Dubai time on 22 June 2006, MTN Group had received  
valid acceptances of the Offer in respect of 1,120,281,524 Investcom shares     
(representing approximately 78.1% of the issued share capital of Investcom).    
These acceptances include the acceptance of the Offer by M1 Limited pursuant to 
the irrevocable undertaking to accept the Offer described in paragraph 5 of the 
circular to MTN Group shareholders dated 12 June 2006.  Other than that         
irrevocable undertaking, MTN Group did not hold any Investcom shares or rights  
over such shares before the Offer period commenced and has not acquired or      
agreed to acquire any Investcom shares during the Offer period (other than by   
way of acceptances of the Offer).  The Offer has therefore become unconditional 
as to acceptances.                                                              
The Offer remains open for acceptances and the first closing date of the Offer  
will be on 28 June 2006.  A further announcement regarding acceptance levels as 
at the first closing date of the Offer will be made on 29 June 2006.  Further   
announcements will also be made in due course in relation to the fulfillment or 
waiver of the remaining conditions to which the Offer is subject.               
Fairland                                                                        
23 June 2006                                                                    
Joint financial adviser and transaction sponsor                                 
   Deutsche Securities (SA) (Proprietary) Limited                               
Member of the Deutsche Bank Group                                            
Joint financial adviser                                                         
   First Africa (SA) (Proprietary) Limited                                      
South African legal adviser                                                     
Webber Wentzel Bowens                                                        
International legal adviser                                                     
   Freshfields Bruckhaus Deringer                                               
Sponsor                                                                         
Merrill Lynch South Africa (Proprietary) Limited                             
Date: 23/06/2006 08:46:46 AM Produced by the JSE SENS Department