SENS Note - 26 July 2019

MTN - summary of MTN Nigeria results

Summary of MTN Nigeria unaudited results for the six months ended 30 June 2019 Highlights: - Service revenue increased by 12.2% - Voice revenue increased by 11.4% - Data revenue increased by 31.7% - Fintech revenue increased by 21.2% - Digital revenue decreased by 64.5% - EBITDA grew by 40.0% to N304.9 billion (IAS 17: 16.2% to N253.0 billion) - EBITDA margin increased by 10.7 pp to 53.8% (IAS 17: 44.6%, up 1.5pp) - Capex increased by 63.8% to N105.8 billion (IAS 17: 48.9% to N96.1 billion) - Mobile subscribers increased by 3.3 million to 61.5 million This announcement is only a summary of the information in the full announcement and does not contain full or complete details. Please visit www.mtn.com/investors/more-in- investors/nigeria/ for the unaudited results for the six months ended 30 June 2019.

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