Investor Presentaiton

SUMMARY & CONCLUSION GDP growth to slow further to an average of 2.9% in 2023 Long-term growth will be export, investment and consumption-led Inflation to average 20.34% from 18.8% in 2022 Disposable income will remain low as inflation remains high MPR to peak at 19.50% Official exchange rate to be adjusted to N600/$ Parallel market rate is expected to appreciate towards N680/$ given that monetary conditions are tight • Adjustment of official rate unlikely to lead to high inflation. Sensitivity: MTN Internal 28 28

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