MTN Rwandacell Company Overview

Details of Listing Company name Industry Sub-Industry ⚫ MTN Rwandacell PLC • Telecommunications • Mobile Telecommunications • Listing by Introduction of the issued and paid-up ordinary shares of MTN Rwandacell PLC on the Rwanda Stock Exchange. Transaction description CTL is currently a public company listed on main board of the RSE. Additionally, CTL's only investment and asset is its 20% shareholding in MTN Rwandacell PLC. CTL will cease to operate and thereafter distribute its surplus assets (i.e. the shares it holds in MTN Rwandacell PLC) in specie to its shareholders, including its shareholding in MTN Rwandacell PLC. Each shareholder shall receive MTN Rwandacell PLC shares on a 1:1 ratio basis i.e. One MTN Rwandacell PLC share for each share owned by the Shareholder in CTL. A shareholder will thus receive the same number of shares in MTN Rwandacell PLC as they previously held in CTL, upon successful listing by Introduction of MTN Rwandacell PLC. On conclusion of this Transaction the 20% held by CTL in MTN Rwandacell PLC will be held by the current shareholders in CTL. Listing mode Ticker Issued and paid-up share capital Listing price Market capitalization By way of Introduction MTNR 1,350,886,600 FRW 269 • FRW 363,388,495,400 Date of admission • May 4th, 2021 57 57 MTN

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