Investor Presentaiton

Macro Indicators: Reflects a Challenging Operating Environment USD Strengthened against currencies in our markets Key Global & Regional Equities Indices perform poorly in 2022 113 123 3.558 3,693 2.305 2,332 1,025 1,062 1,027 815 KES UGX TZS RWF MWK 31 Dec 2021 31 Dec 2022 36.7% -11.9% -1.3% -1.9% PT -14.7% -17.7% -23.4% 130 130 64 64 MZN SSP Markets across our footprint experiencing inflationary pressures Inflation changes across our footprint 21.6% 30.2% 17.6% الي. 10.2% 2.9% 2.0% 5.7% 9.1% 31 Dec 2021 14.0 31 Dec 2022 13.0 12.0 11.0 -26.1% NSEASI NSE 20 USE ASI DSE ASI RSE ASI MSE ASI MSCI - MSCI Frontier World Rising Yields Impacting Asset Valuations NSE Bond Yield Curve 26% 10.0 10.9% 9.0 12% 7% 4.2% 4.8% 1 3 5 7 9 11 13 15 17 19 21 23 KEN UG RW SSD TZ MOZ 24 Feb 23 30 Dec 22 MLW 30 Sep 22 30 Jun 22 7

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