Investor Presentaiton

POLICY PRONOUNCEMENTS | IMPACT ANALYSIS Y = C +| + G + X - M $508bn $350bn $132.1bn $39.6bn ($13.2bn) Petrol subsidy removal -$3bn $26.5bn $9.5bn $1 $10bn $4bn Currency adjustment $12.14bn $4.14bn 2.1bn $2.4bn $3.5bn Sensitivity: MTN Internal 16

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