Investor Presentaiton

Strong growth momentum in Egypt continued Etisalat Egypt Subscribers (m) ■ Subscriber growth ■ Robust revenue growth in local currency attributed to data, voice and wholesale segments ■ Strong EBITDA growth supported by improvement in revenue and cost optimisation, resulting in healthy EBITDA margin ■ Lower capital spending focused on expanding network coverage 29.1 29.7 27.0 etisalat De by Revenue (AED m) and YoY Growth (%) +19% 1,303 1,225 1,279 21% 0% -2% Q3'21 Q2'22 Q3'22 Q3'21 Q2'22 Q3'22 Growth Y/Y in local currency EBITDA (AED m) and EBITDA Margin (%) CAPEX (AED m) & CAPEX / Revenue (%) 610 596 591 317 316 220 46% 48% 48% 24% 26% 17% Q3'21 Q2'22 Q3'22 Q3'21 Q2'22 Q3'22 16

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