Lifting the MGF to a new level of performance, was the MGF Trophy 160 Special Edition. With a specification derived from extensive racetrack action in Europe and Japan. A tuned version of the advanced lightweight K-Series 1.8-litre VVC engine, with a wide-bore sports exhaust system, develops 160ps (hence the Trophy 160's name). This represented over 10% more power than the already potent 145ps of the standard MGF 1.8 VVC model.

Handling and braking capabilities have been upgraded in line with the greater performance. The Hydragas interconnected suspension had competition-based spring and damper rates and a 2Omm lower ride height, while the front brakes were AP Racing units with 304mm ventilated discs and red-finished, MG-branded aluminium callipers.

A new 16-inch multi-spoke alloy wheel design was standard, with the special option of ultra lightweight forged and spun 16-inch alloy wheels. At the front the MGF Trophy featured a new bib spoiler and a rear deck spoiler; these combined with the lower stance to reduce aerodynamic drag and lift, enhancing performance and stability. The top speed of the Trophy 160 SE was close to 140mph and it could accelerate from 0-60mph in under 7.0 seconds.

To complement the race car presence of the Trophy 160 there were four striking paint colours - Trophy Yellow and Trophy Blue (both created for the model), Solar Red and the popular Anthracite metallic black. Other distinguishing features included bright mesh grilles for the front and side air intakes and black bezels around the headlamp reflectors.

Inside the Trophy there were new body-colour inserts in the door casings and the centre console, sections of the leather steering wheel trim also colour-keyed to the body, a special leather/fabric seat treatment with 'Trophy 160' badging and an alloy/leather gear knob.