Investor Presentaiton

LONG-TERM OUTLOOK | TELECOMS (EIU) Mobile penetration 2022 2023 2024 2025 2026 2027 Mobile voice 222,572 237,090 260,500 289,512 312,780 327,828 subscriptions Further expansion in mobile subscriber growth over the forecast period (2023-27) Mobile voice subscriptions 102 106 114 123 130 Number of users to grow 133 (per 100 people) at an annual average rate of 8.1% Mobile 88 100 112 125 138 152 broadband subscriptions (m) Mobile broadband 40 45 49 53 58 62 subscriptions (per 100 people Sensitivity: MTN Internal Will result in a penetration rate of 133% at end-2027, up from 102% in 2022 24

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