Investor Presentaiton

Operationalise & enhance fintech & fibre assets through structural separation Ensuring operational independence and flexibility mi Enable acceleration at scale อ Separation mandatory in some opcos Highlight intrinsic value held within MTN Group Focus Optimise resource and share-of-mind allocation to accelerate growth Adaptability . Creates operational independence and financial flexibility . Leveraging existing asset base MTN holds the customer, the brand and the local market insight • MTN's agent network creates deep moat against competitors Value-adding partnerships • • Partnerships that facilitate accelerated strategy through knowledge and financial capital Operational excellence and access to best-in-class technology design Value creation • Highlight intrinsic value held within MTN Group while maintaining control . Maximising MTN's share of value creation over time 14 MTN

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