Investor Presentaiton

Our transparent and balanced capital allocation policy 2 1 Group capex (excluding spectrum) outlook of $700-750m p.a. in-line with our previous guidance 1 Efficient capital investments Sustainable capital structure 2 Return cash to shareholders 3 3 airtel | Africa Net debt / EBITDA of 1.3x Continued focus on strengthening the balance sheet Progressive dividend policy aims to grow the dividend annually by a mid-to-high single digit percentage. The Board has declared an interim dividend of 2.18 cents per share, reflecting a growth of 9% 15

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