MTN - MTN increases its stake in its operations in6 Jul 2006
MTN
 MTN                                                                             
MTN - MTN increases its stake in its operations in Cote D"ivoire and Uganda     
MTN Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
Registration number 1994/009584/06)                                             
Share code: MTN                                                                 
ISIN ZAE000042164                                                               
("MTN")                                                                         
MTN INCREASES ITS STAKE IN ITS OPERATIONS IN COTE D"IVOIRE AND UGANDA           
MTN is pleased to announce that it has increased its shareholding in MTN Cote   
d"Ivoire and MTN Uganda effective 1 May and 6 July respectively, further        
consolidating its position in the respective regions.                           
The acquisition of 32.44% in MTN Uganda from Swedish telecom company, Overseas  
Telecom AB (which is 65% owned by TeliaSonera) for Euro130 million was          
successfully concluded today and will take MTN"s holding in MTN Uganda to 84.45%
from 52.01%. As a result of this acquisition, MTN Uganda will be fully          
consolidated as a subsidiary of MTN and will no longer be treated as a joint    
venture.                                                                        
MTN increased its stake in MTN Cote d"Ivoire, previously Loteny Telecom, by     
17.34% to 68.34% through a purchase of this stake from Atlantique Telecom for   
Euro42.75 million.                                                              
Fairland                                                                        
6 July 2006                                                                     
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 06/07/2006 05:09:09 PM Produced by the JSE SENS Department