Investor Presentaiton

• SSA - Macro Economic Environment Sub-Saharan Africa (SSA) is estimated to grow at a slower pace of 3.3% in 2023 from 4.0% in 2022. This is due to the challenges of accelerating commodity prices, fiscal imbalance and a pile up of public debt, which the region is still confronted with. ⚫ For our operations, we have consistently improved on our value proposition by deploying technology and route-to-market solutions, which have propelled strong demand in pan-Africa and sustained our business on a path of growth. • • Ethiopia, Tanzania and Senegal are among the fastest growing countries in the region in 2023. The prospect of high population growth including the drive to close the huge infrastructural deficit, positions sub-Saharan Africa as a viable market for cement. GDP growth across our operating environment 2023 - all our operating countries are estimated to grow, though slower than 2022 SSA GDP growth 2022A 5.0% DANGOTE CEMENT Operating in 10 countries across Africa 2023E 2024F 7.0% 3.0% -1.0% 2022A -5.0% 2023E 2024F 3.0% -9.0% ■Congo ■Cameroon ■ Zambia ■South Africa ■Senegal ■Ghana Nigeria ■Tanzania Sierra Leone 1.0% ■ Ethiopia Source: IMF estimates Investor Presentation 4.0% 3.3% 4.0% Dangote Cement | Page 3

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