Airtel Africa plc

('Airtel Africa', or the 'Group')

Announcement of Final Dividend Currency Exchange Rates

London and Lagos, 21 June 2023: Airtel Africa, a leading pan-African provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today confirms that the default currency and options on currency election for the proposed final dividend (recommended by the Board to be 3.27 cents per ordinary share payable on 26 July 2023 to shareholders on the register at of close of business on 23 June 2023), and the currency exchange rates that will be applicable in determination of the final dividend payment to any shareholders that qualify for and have elected to receive the final dividend payment in U.S. dollars, GB pounds or Nigerian naira will be as set out below. The latest date to trade shares in order to be entitled to the dividend is today, 21 June 2023.

Arrangements for Shareholders that hold their shares on the London Stock Exchange (LSE):

·    Shareholders that hold their shares on the London Stock Exchange may elect to receive their entire dividend payment in GB pounds or U.S. dollars.

·    Partial elections are not permissible.

·    Holders electing to receive a dividend should specify a choice of currency by completing the Currency Election Form and return to Computershare Investor Services plc.

·    Shareholders holding their shares on the LSE who do not indicate their currency of choice before 10 July 2023 will receive their dividends in U.S. dollars.

·    The closing date for the dividend currency election to the Company's Registrars Computershare Investor Services plc in the UK is 10 July 2023.

·    Currency election forms can be obtained by contacting the Company's Registrars, Computershare Investor Services plc, on the Company's dedicated telephone line: +44 (0)370 7030027.

Arrangements for Shareholders that hold their shares on the Nigerian Stock Exchange (NSE):

·    Shareholders that hold their shares on the Nigerian Stock Exchange may elect to receive their entire dividend payment in Nigerian naira or U.S. dollars.

·    Partial elections are not permissible.

·    Holders electing to receive a dividend in U.S. dollars should complete the Currency Election Form and return to Coronation Registrars Limited or email to [email protected]

·    Shareholders holding their shares on the NSE who do not indicate their currency of choice before 10 July 2023 will receive their dividends in Nigerian naira.

·    The closing date for the dividend currency election to the Company's Registrars Coronation Registrars Limited in Nigeria is 10 July 2023.

·    Currency election forms can found on the website of the Company's Registrar www.coronation.ng

The following currency exchange rate will be applicable in the determination of the final dividend payment to any shareholders that qualify for and have elected to receive the final dividend payment:

Exchange rate

1 USD = 680.2 Nigerian naira

1 USD = 0.7816 GB pounds

The exchange rate for the Nigerian naira or GB pounds amounts payable was determined by reference to the exchange rates applicable to the U.S. dollar available on 19 June 2023.

-ENDS-

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About Airtel Africa

Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.

Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.

The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.

www.airtel.africa