Ambition 2025 | Framing our strategic position

Geo-political, social, macro-economic and regulatory context Our business is facing several challenges and we are navigating a tough operating environment MTN Geo-political and social • COVID-19 Ukraine-Russia war US-China relations Supply chain constraints Macro-economic • Rising inflation Higher interest rates FX pressures Rising utility costs Regulatory SIM re-registration New taxes and levies Spectrum and license renewals SMP compliance 12

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