MTN concludes the sale of its Guinea operations to the State of Guinea

MTN Group Limited (“MTN”) announces the conclusion of the sale of its operations in Guinea (also known as “MTN Guinea-Conakry”), to the State of Guinea, on
30 December 2024. This transaction aligns with MTN’s focus on portfolio
optimization and simplification, as part of the Ambition 2025 strategy.

MTN Group President and CEO, Ralph Mupita, stated: “This milestone marks a new
phase for MTN Guinea-Conakry under local ownership. We thank the staff, customers, regulators, and broader stakeholders in Guinea for their support during our time in the country. Concluding this transaction is in line with our strategy to simplify our portfolio and allocate capital to markets where we can make a meaningful impact, ensuring long-term growth and returns.”