Vodacom Annual Results

Group EBITDA | Margin pressure not reflective of underlying trend Group R million /% South Africa R million/% International R million/% 40.0% 38.8% 1.5% 2.1%* 40.1% 3.3% 3.6%# -3.2% 38.6% -0.6%* 37.2% 39.3% 39 299 39 888 30 745 31 747 8 784 8 504 FY21 FY22 FY21 FY22 FY21 FY22 EBITDA -EBITDA margin (%) * Normalised growth, which presents performance on a comparable basis. This adjusts for trading foreign exchange, foreign currency fluctuation on a constant currency basis (using the current period as base) and excludes the impact of merger, acquisition and disposal activities at a constant currency basis where applicable, to show a like-for-like comparison of results #Adjusted for a R142 million loyalty programme provision release in the prior year Further together 21

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