Vodafone Egypt Acquisition and Growth Strategy

Vodafone Egypt | A quality asset and the clear leader in a growing market 100.9 million large and growing population #1 Telecom operator in Egypt 14.2% Revenue CAGR (FY17-21) Attractive real GDP growth ICT growth > GDP (Egypt's Digital Agenda) (5.2% FY21-FY26 CAGR¹) 43.0 43% million customers² Mobile revenue market share³ 61% smartphone penetration³ 1 EIU data. 2 As at 30 September 2021. 3 Company data and estimates as at 31 March 2021 4 For the year ended 31 March 2021. Cash conversion = OpFCF as a percentage of EBITDA 42.1% EBITDA margin 4 > 60% cash conversion 4 Further together 3

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