MTN
 MTN                                                                             
MTN Group Limited - Compulsory acquisition of outstanding Investcom LLC shares  
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")                                                  
COMPULSORY ACQUISITION OF OUTSTANDING INVESTCOM LLC SHARES                      
MTN Group shareholders are referred to the announcement dated 13 July 2006 which
advised that, as at 5.00 p.m. (Dubai time) on 12 July 2006, it had received     
valid acceptances of the offer to shareholders of Investcom LLC                 
("Investcom")("the Offer") in respect of 1,428,797,344 Investcom shares         
(representing approximately 99.5% of the issued share capital of Investcom).    
Accordingly, MTN Group is today dispatching compulsory acquisition notices under
Article 83 of the Companies Law, Dubai Financial International Centre Law No.2  
of 2004 to the holders of Investcom shares who have not yet accepted the Offer. 
Transfer of the compulsorily acquired Investcom shares is expected to take place
on or after 31 August 2006.                                                     
The Offer will remain open for acceptances until further notice.  At least 14   
days notice will be given by an announcement before the Offer is closed.        
Fairland                                                                        
20 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: 20/07/2006 03:00:06 PM Produced by the JSE SENS Department