Highlights

Subscribers increased by 6.1% year-on-year (YoY) to 289.1 million

Active data subscribers increased by 12.3% YoY to 137.0 million

Active Mobile Money (MoMo) users increased by 21.4% YoY to 69.1 million

MoMo volume of transactions up 33.9% YoY to 13.4 billion

Group service revenue grew by 14.4% (15.3%*)

Group data revenue up by 30.4% (32.2%*)

Group fintech revenue up by 8.6% (14.3%*)

EBITDA (before once-off items) grew by 12.4% (14.3%*)

EBITDA margin marginally lower by 0.6pp to 43.9%
(0.2pp* lower to 44.0%*)

Reported headline earnings per share (HEPS) up by 16.9% to 1 154cps; non-operational impacts decreased HEPSby 159 cps

Return on equity (ROE) improved by 3.8pp to 23.4%

Final dividend declared of 330 cps, up 10%

Capex of R54.1 billion including IFRS16 leases (R38.2 billion, with capex intensity of 18.5%, under IAS 17)

Holdco leverage improved to 0.8x (December 2021: 1.0x)

MTN is a pan-African mobile operator with the strategic intent of
'Leading digital solutions for Africa’s progress’.

We have 289.1 million customers in 19 markets and are inspired by our belief that everyone deserves the benefits of a modern connected life.

* Constant currency information after accounting for the impact of the pro forma adjustments as defined and included throughout this Stock Exchange News Service of the JSE Limited (JSE) (SENS) announcement.

Any forward-looking financial information disclosed in this results announcement, including the dividend guidance, is the directors’ responsibility and has not been reviewed or audited or otherwise reported on by our external joint auditors