MTN Rwandacell Company Overview

Medium-term guidance Continued commercial momentum, with an eye on efficiencies. ΚΡΙ Subscriber growth 9.9,0* Service Revenue Accelerate Fintech growth EBITDA Margin Target Maintain min. avg growth rate of ~5% Low- to mid-teen growth Double-digit growth in revenue Stable margins Dividend pay out Minimum 50% of Distributable Income *MTNR will target a minimum dividend pay-out ratio of 50% of its distributable net income with the exception of 2021 where a pay-out ratio of at least 30% will be targeted to take into account the renewal of MTNR's license. 52 52 MTN

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