SENS Note - 05 August 2019

MTN Group - MTN Ghana results

Salient features - Subscribers - Subscribers increased by 6.2% to 21.3 million (active subscribers up by 6.1% to 18.9 million*). - Data subscribers increased by 16.1% to 18.2 million (active data subscribers up by 15.0% to 7.4 million#). - Registered Mobile Money subscribers increased by 4.1% to 14.2 million (active Mobile Money subscribers up by 2.0% to 8.5 million*). - Service revenue for the period to June 2019 is up by 18.8% when compared to prior period. A 27.9% growth was achieved for the period to June 2018 when compared to the same period in 2017. - EBITDA up by 50.3% to GHC 1 202 million (up by 23.8% to GHC 990 million under IAS 17). - EBITDA margin up by 10.4 percentage points (pp) to 49.5% (up by 1.7 pp to 40.8% under IAS 17). - Capex for the period was GHC 803 million1 (GH¢ 769 million under IAS 17). - Interim dividend of GHC0.02 per share. Please visit https://mtn.com.gh/investors/annual-and-quarterly-financials for the unaudited results for the six months ended 30 June 2019.

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