Investor Presentaiton

05 /OPERATING ENVIRONMENT Operating environment characterised by currency depreciation and rising inflation, however we remain well positioned to navigate these challenges GDP growth rates Inflation Rates 10.0% 8.0% 7.5% 4.7% 6.4% 80.0% 70.0% 69.4% 4.6% 6.0% 5.9% 60.0% 4.9% 4.5% 5.5% 4.0% 4.8% 50.0% 4.6% 40.0% 2.9% 3.9% 2.0% 30.0% 0.0% 20.0% -0.3% 5.6% -2.0% -4.0% -0.3% -2.8% 10.0% 3.2% 0.0% 2.5% -5.0% -10.0% -6.0% 2020 2021 2022e 2023f -20.0% Kenya Uganda Tanzania Source: Standard Bank Reseach Central Bank Rates 20.0% 15.0% 15.0% 10.0% 7.0% 7.0% 5.0% 5.0% 0.0% South Sudan 15.0% 7.0% 6.5% 15.0% 10.0% 8.75% 5.0% 5.0% 2020 2021 2022 Kenya Uganda Tanzania South Sudan 2020 Kenya Uganda 14.0% 5.7% 4.2% 2.9% 10.2% 9.1% 4.8% -11.6% 2022 2021 Tanzania South Sudan GDP - Oil investments likely to boost growth in Uganda, rebounding Agriculture in Kenya, pro business approach in Tanzania and rise in global oil prices to boost growth in South Sudan ☛ Inflationary pressures due to: Rise in prices of oil and other imported goods as a result of disruption in global supply chains •Depreciation of local currencies against the US dollar ☛ Increase in Policy rates for Kenya and Uganda while South Sudan reduced its policy rate to 12% in 2022 Stanbic IT CAN BE TM

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