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Notification of major shareholding

RNS Number : 3623X

Airtel Africa PLC

20 December 2023

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA) ⁱ

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ⁱⁱ:			Airtel Africa plc (LEI Code: 254900ZNZDQL6OWQH623)
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) ⁱⁱⁱ: Intra group transfer of shares						X
3. Details of person subject to the notification obligation ^iv
Name			Bharti Overseas Private Limited
City and country of registered office (if applicable)			Delhi, India
4. Full name of shareholder(s) (if different from 3.) ^v
Name			Indian Continent Investment Limited
City and country of registered office (if applicable)			Mauritius
5. Date on which the threshold was crossed or reached ^vi:			15 December 2023
6. Date on which issuer notified (DD/MM/YYYY):			19 December 2023
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer (8.A + 8.B) ^vii
Resulting situation on the date on which threshold was crossed or reached	15.10%	NIL		15.10%	567,665,566
Position of previous notification (if applicable)	15.10%	NIL		15.10%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached ^viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights ^ix					% of voting rights
		Direct (DTR5.1)		Indirect (DTR5.2.1)			Direct (DTR5.1)		Indirect (DTR5.2.1)
GB00BKDRYJ47		NIL		567,665,566			NIL		15.10%
SUBTOTAL 8. A		567,665,566					15.10%

B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument		Expiration date ^x	Exercise/ Conversion Period ^xi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights

			SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument	Expiration date ^x		Exercise/ Conversion Period ^xi		Physical or cash Settlement ^xii			Number of voting rights	% of voting rights

					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer ^xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) ^xiv				X
Name ^xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Bharti Overseas Private Limited
Bharti Global Limited
Indian Continent Investment Limited	15.10%		15.10%

10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held

11. Additional information ^xvi
Bharti Overseas Private Limited holds 100% of voting rights in Bharti Global Limited, which in turn holds 100% of voting rights in Indian Continent Investment Limited. The shareholding percentages in this notice are calculated on the basis of 3,758,151,504 issued ordinary shares in the capital of Airtel Africa plc. In this notification, figures are rounded to the nearest 2 decimal places. Any discrepancies in aggregated figures are due to rounding.

Place of completion	London, United Kingdom
Date of completion	19 December 2023

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