Airtel Africa Regulatory News (AAF)

Airtel Africa plc

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

Tower Sales Update

London and Lagos, 25 February 2022: On 23 March 2021, Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, announced that it had entered into memorandum of understanding agreements for the potential sale of its tower assets in Chad and Gabon, to Helios Towers plc ('Helios Towers'), a leading independent telecommunications infrastructure company in Africa.

Today, Airtel Africa provides the following updates:

· Gabon: Airtel Africa and Helios Towers have extended their memorandum of understanding arrangement, with completion still subject to Helios Towers obtaining a passive infrastructure licence.

· Chad: On 24 February 2022, the memorandum of understanding arrangement relating to tower assets in Chad expired, and Airtel Africa and Helios Towers mutually agreed that this would not be renewed.

Airtel Africa will continue to provide further market updates as and when appropriate.

-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