SENS Note - 09 May 2019

MTN - quarterly update for the period 31 Mar 2019

MTN is an emerging market mobile operator with a clear vision to lead the delivery of a bold, new digital world to 237 million customers across 21 operations. Salient features - Group subscribers increased quarter-on-quarter (QoQ) by 4.0 million to 236.6 million - Active data subscribers increased QoQ by 2.6 million to 81.3 million - Active MTN Mobile Money customers increased QoQ by 1.2 million to 28.3 million - Group service revenue increased year-on-year (YoY) by 10.0% - MTN South Africa service revenue increased YoY by 4.6% with an earnings before interest, tax and depreciation (EBITDA) margin of 38.8% (35.3%) - MTN Nigeria service revenue increased YoY by 13.4% with an EBITDA margin of 53.3% (44.2%) - Reported growth rates for both service revenue and EBITDA were higher than constant currency rates

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