Investor Presentaiton

MTN Capex Acceleration of investment to capture growth | FY 22 capex of ~R34bn Capex (Rm) Capex breakdown Capex per category 26 281 28 609 32 688 1% 4% 3% Radio Access 17.3% 16.0% 18.0% 27% 2019 2020 2021 Capex intensity Capex Capex per region 6% 9% ■IT Systems ■SA 28% 35% Site 21% ■Nigeria Infrastructure Transmission Core Network SEA WECA ■MENA 8% Other Capex 24% HO &Other 34% Sites rolled out • Capex guidance FY 22 of ~R34bn Ensuring widespread coverage | Rapid rural rollout programme High-speed data networks via innovative low-cost technologies 2021 2020 3G 3 566 3 242 • 4G network expansion • Fibre infrastructure expansion 4G 9158 8 267 Investment in platforms • Accelerating 5G 5G 849 115 Capex intensity reducing in the range of 18%-15% over the MT 31

View entire presentation