Investor Presentaiton

Strategic repositioning The case for change Challenges: Reducing the Group's risk profile • US dollar debt level at Holdco Opportunities: . • Take advantage of the short window of opportunity to win in digital services as customers come online for the first time • The global operating environment is shifting in the wake of COVID-19 – de-globalisation and digital acceleration • MTN is well positioned to partner with nation states in socioeconomic progress • Reveal and crystallise value Ambition 2025 Belief statement: Everybody deserves the benefits of a modern connected life Strategic intent: Leading digital solutions for Africa's progress 9 MTN

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