MTN GROUP LIMITED — M&A Activity 2026

Apr 2, 2026

MTN Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
(Share code MTN)
(ISIN: ZAE000042164)
(MTN or MTN Group or the Group)

Voluntary Announcement Regarding Completion of Structural Separation of Scancom PLC's Mobile Money Business in Ghana

MTN shareholders are advised that Scancom PLC (MTN Ghana) has completed the structural separation of its mobile money business in line with the localisation requirement under the Payment Systems and Services Act, 2019 (Act 987) in Ghana (the Transaction). The Transaction involved the statutory merger of MobileMoney LTD, a wholly owned subsidiary of MTN Ghana that previously operated mobile money business, and MobileMoney Fintech LTD (MMFL), a newly incorporated company established to run the mobile money business, in accordance with the Companies Act, 2019 (Act 992) in Ghana (the Merger).

The Merger became effective on 31 March 2026, following the satisfaction or waiver (as applicable) of all the Transaction conditions precedent and the receipt of the required regulatory approvals.

The Transaction did not involve any issuance of shares by MTN Ghana and following the completion of the Merger:

• the mobile money business is now carried on by MMFL;
• MTN Ghana's stated capital and shareholding structure remain unchanged; and
• MTN Ghana continues to conduct its telecommunications business.

MMFL is a newly incorporated company established to run the mobile money business, which is owned by MTN Dutch Holdings B.V., a subsidiary of MTN, and The MTN Ghana Fintech Trust, a trust established for the benefit of its beneficiaries, who are the non-MTN Group shareholders of MTN Ghana from time to time.

MTN is pleased to announce this important milestone, which not only complies with local regulatory requirements, but aligns with the Group's strategic priority to scale the fintech platform faster and accelerate its value-creation journey.

02 April 2026

Fairland

Lead sponsor

Tamela Holdings Proprietary Limited

Joint sponsor

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J.P. Morgan Equities (SA) Proprietary Limited