Investor Presentaiton

ZAIN KUWAIT C MARKET PLAYERS ⑨zain stc 100% OWNERSHIP 1983 g> OPERATIONS Zain Kuwait remains the most profitable company within the Group and maintains its market lead in terms of both value share and customer base Q3-21 (USD m) 9M-21 Slightly improved revenue (up by 1%) due to growth in data revenue driven by the 5G segment Lower ECL provisions, healthier acquisitions and collection improvements 263 REVENUE 779 -3% YoY +1% YoY (USD m) 9M-21 109 EBITDA 303 +9% YoY Data revenue grew 6% and formed 41% of total revenue Excluding the $15m gain on sale and leaseback of towers, net income would have grown by +10% Cost optimization efforts continue to improve profitability © MVNO expected to launch in Q4 2021 Q3-21 +6% YoY Q3-21 70 +4% YoY (USD m) 9M-21 NET INCOME 193 +2% YoY (b) 5G 100% POPULATION COVERAGE % 159% MARKET PENETRATION 22 2.3M 36% 38% $26 55% CUSTOMER MARKET BASE SHARE VALUE SHARE BLENDED ARPU PREPAID BASE NETWORK TECHNOLOGY

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