Investor Presentaiton

Competitor landscape MTN remains the leading player in the market with sustained advantage over competitors Market share by mobile subscribers (%) Competitive context 11,2% 8.4% 6.0% 13,9% 14.5% 17.5% 4.5% 15.6% 4.4% 15.1% • 25,8% 27.1% 27.9% 30.6% 30,2% Nigeria is a value-seeking market • Stable voice tariff due to price floor • 49.1% 50.0% 48.5% 49.3% 50.4% . • Competition shifted to data Market is predominantly pre-paid, over 90% Competition from VOIP services via OTT platforms 2017 2018 2019 2020 Q1 2021 MTN Airtel ☐ Glo 9Mobile Leadership position on 4G with accelerated 4G rollout 20 10 10 4/1/2019 30 40 50 60 70 5/1/2019 6/1/2019 7/1/2019 8/1/2019 4G Market Share (%) - FACEBOOK INSIGHTS 9/1/2019 10/1/2019 11/1/2019 12/1/2019 1/1/2020 2/1/2020 3/1/2020 5/1/2020 6/1/2020 4/1/2020 Airtel Globacom 9mobile Based on Group bi-directional methodology for calculating market share 7/1/2020 8/1/2020 9/1/2020 10/1/2020 11/1/2020 12/1/2020 1/1/2021 2/1/2021 3/1/2021 6 Our approach to market Enhanced network quality and speeds with additional 800MHz spectrum Aggressive LTE rollout & rural telephony deployment Broad range of spectrum holdings (5G ready) Integrated bundle offerings | Smartphone penetration drive NPS leadership - #1 MTN

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