Investor Presentaiton

Strategic priorities | driving growth and value unlock Priorities Build the largest and most valuable platforms Drive industry-leading connectivity operations Create shared value Accelerate portfolio transformation Objectives • Pivot from a 'product' to 'platform' play • • • Selective partnerships to accelerate growth Fintech Digital | Enterprise | NaaS | API marketplace Doubling of consumer mobile data • 'Own the home' • Leading FibreCo in Africa . Digital transformation | Step-change in efficiencies and service levels • Step-change in ESG positioning of the Group • Broad-based ownership and inclusion across markets Sentiment shift through stakeholder management efforts Ambition 2025 • Execute on ARP & reduction of leverage • Middle East exit | Selective expansion in SSA • Reveal and crystallise value of infrastructure assets and platforms • 12 • 100m MoMo users • 100m ayoba users . #1 NaaS platform in Africa • +200m active data users • +10m home broadband users • +$500m investment over medium term • >R5bn of expense savings | #1 NPS • Top quartile ESG ratings • Broad-based ownership and inclusivity achieved • Reputation Index ≥ 75% • ARP proceeds >R25bn • Holdco leverage between ≤ 1,5x Structural separation of infrastructure assets and platforms MTN

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