Summary Group statement of cash flows for the year ended 31 December 2023

Cash generated from operations

Interest received

Interest paid

Dividends received from joint ventures

Income tax paid

Net cash used in investing activities

Acquisition of property, plant and equipment

Acquisition of intangible assets

Increase in non-current investments and joint venture

Proceeds from sale of MTN South Africa tower sale

Acquisition of right-of-use asset 1

Realisation of non-current investment bonds

Realisation of current investment bonds, treasury bills and
foreign deposits

Increase in restricted cash

Decrease in restricted cash

Movement in other investing activities

Net cash used in financing activities

Proceeds from MTN Nigeria secondary offer

Purchase of treasury shares

Consideration received on MTN Ghana share localisation

Consideration received on transaction with MTN Ghana
non-controlling interests

Proceeds from borrowings

Repayment of borrowings

Repayment of lease liabilities

Dividends paid to equity holders of the Company

Dividends paid to non-controlling interests

Proceeds from MTN Uganda initial public offering

Contribution from non-controlling interest

Proceeds from disposal of shares in aYo

Other financing activities

Net cash and cash equivalents at beginning of the year

Exchange losses on cash and cash equivalents

Net monetary gain on cash and cash equivalents