Key Milestones and Requirements for Safaricom Transaction

Transaction structure Vodafone will transfer part of its stake in Safaricom to Vodacom in exchange for newly issued shares Pre transaction 65.0% Vodafone vodacom 100% VKL 40% Post transaction 69.6% Vodafone vodacom 12.5% 87.5% VKL 40% 25% 35% 25% 35% Free float Safaricom + Govt. of Kenya Free float Safaricom Govt. of Kenya Source: Company Note: Vodacom and Safaricom shareholdings based on total shares in issue (including treasury shares). Ownership in Safaricom is effective ownership through Vodafone Kenya Limited 11

View entire presentation