Investor Presentaiton

Future focus Progress to date MTN Accelerate portfolio transformation Material progress in ARP delivery - R15.4bn^ since March 2020 E-commerce portfolio TowerCo investments IHS listed on NYSE SA tower transaction - - Digital group MEIH IIG • IHS - valued at R19.1bn Localisation & other Completed sale of BICS with cash proceeds of R1.8bn ⚫ Rwanda listing by introduction • Uganda sold down ~13%, proceeds of R2.3bn Nigeria -3% sell down ~R4.1bn proceeds • Pan-African Focus Progressed with Middle East exit: MTN Syria abandoned MTN Yemen ownership transferred Nigeria, further ~11% sell-down Ghana, further 12.5% sell-down Committed to further delivery of ARP >R25 billion targeted over the medium term *Includes net proceeds anticipated from SA Tower sales (~R5.2bn) and MTN Nigeria (~R3.6bn) | *At 31 December 2021 Middle East exit: Evaluating exit options Afghanistan Simplify the portfolio, reduce risk & expose value 17 17

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