Investor Presentaiton

MTN Structurally higher demand underpins enhanced guidance from 2022 Enhanced medium-term guidance 7 Service revenue KPI Target MTN Group: Low to mid-teens South Africa: Mid-single-digit growth Nigeria: Mid-teens Accelerate fintech platform growth >20% service revenue contribution Holdco leverage Asset realisation Adjusted ROE <1.5x > R25 billion > 20% Enhanced target MTN Group: at least mid-teens South Africa: Mid-single-digit growth Nigeria: at least 20% >20% service revenue contribution < 1.5x, faster non-ZAR deleveraging > R25 billion Improvement towards 25%

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