MTN
 MTN                                                                             
MTN Group - Offer to shareholders of Investcom LLC open until further notice    
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")                                                  
OFFER TO SHAREHOLDERS OF INVESTCOM LLC OPEN UNTIL FURTHER NOTICE                
MTN Group shareholders are referred to the announcement dated 29 June 2006 which
advised that the second closing date of the offer to shareholders of Investcom  
LLC ("Investcom") ("the Offer") was 12 July 2006.  MTN Group now announces that 
the Offer is open until further notice.  Remaining Investcom shareholders who do
not accept the Offer will receive at least 14 days notice before the Offer is   
closed.  As previously announced, the MTN Group share and cash alternative      
closed at 5.00 p.m. (Dubai time) on 12 July 2006, save that MTN Group reserves  
the right to reintroduce the MTN Group share and cash alternative in respect of 
Investcom shareholders whose Investcom shares are acquired as part of any       
potential compulsory acquisition of Investcom shares in respect of the Offer.   
MTN Group announces that as at 5.00 p.m. (Dubai time) on 12 July 2006 it had    
received valid acceptances of the Offer in respect of 1,428,797,344 Investcom   
shares (representing approximately 99.5% of the issued share capital of         
Investcom). This includes the acceptance of the Offer by M1 Limited pursuant to 
the irrevocable undertaking to accept the Offer as described in the circular to 
MTN Group shareholders dated 12 June 2006.  Other than the irrevocable          
undertaking from M1 Limited, 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). As at 5.00 p.m. (Dubai time) on 12 July 2006, 
The Bank of New York (as Tender Agent to the Offer) had accepted into the Offer 
all Investcom shares in respect of which it had received irrevocable            
instructions to participate in the Offer.  Of the acceptances received,         
elections to participate in the MTN Group share and cash alternative have been  
received in respect of a total of 1,013,890,914 Investcom Shares (representing  
approximately 70.6% of the issued share capital of Investcom).                  
Fairland                                                                        
13 July 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 advisers                                                    
   Freshfields Bruckhaus Deringer                                               
Sponsor                                                                         
   Merrill Lynch South Africa (Proprietary) Limited                             
Date: 13/07/2006 08:00:06 AM Produced by the JSE SENS Department