DIZLEE Forum

ZAIN BAHRAIN & DUNCAN HOWARD CEO 65% OWNERSHIP MNO ⑨zain B Batelco stc 2003 g> OPERATIONS Data revenue formed 45% of total revenue and grew 5% YoY Zain Bahrain became the 1st operator in the Middle East to shutdown 3G services Focused on the continued expansion of 4G and 5G infrastructure Strong growth in B2B fiber 1st nationwide commercial deployment of NB-IoT in the country Awarded a Fintech license by CBB in October, expected to launch services by 2023 The regulator plans to increase the annual license fee cap from 1% to 2% First operator in the Middle East and Africa to deploy the latest 5G Massive MIMO radio to reduce Zain's 5G site-level power consumption by 15%. ("") $17 5G NETWORK TECHNOLOGY BLENDED ARPU 100% POPULATION COVERAGE % 117% $0.9M MARKET PENETRATION TOTAL CAPEX Q1-22 (USD m) Q1-23 46 48 +6% YoY REVENUE Q1-22 (USD m) Q1-23 14.9 EBITDA 14.6 -2% YoY Q1-22 (USD m) Q1-23 NET INCOME 3.8 4.2 -9% YoY 29 29

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