Interim Dividend Currency Exchange Rates

Airtel Africa plc

("Airtel Africa", or "Group")

Announcement of Interim Dividend Currency Exchange Rates

London and Lagos,  1 November 2024: Airtel Africa, a leading pan-African provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today confirms the default currency and options on currency election for the  interim dividend (declared by the Board to be 2.6 cents per ordinary share payable on 13 December 2024 to shareholders on the register at of close of business on 8 November 2024). The arrangements for the interim dividend and the currency exchange rates that will be applicable in determination of the interim dividend payment to any shareholders that qualify for the interim dividend payment are set out below. 

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 dividend payment in GB pounds or U.S. dollars.

·      The last date to trade shares in order to be entitled to the dividend is 6 November 2024.

·      CREST participants can elect to receive their dividend payment via CREST.

·      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.

·      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.

·      The closing date for the dividend currency election to the Company's Registrars Computershare Investor Services plc in the UK is 25 November 2024.

·      Shareholders holding their shares on the LSE who do not indicate their currency of choice before 25 November 2024 will receive their dividends in U.S. dollars.

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.

·      The last date to trade shares in order to be entitled to the dividend is 5 November 2024.

·      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]

·      Currency election forms can be found on the website of the Company's Registrar Coronation.ng or this direct link: Currency Election Form

·      The closing date for the dividend currency election to the Company's Registrars Coronation Registrars Limited in Nigeria is 25 November 2024.

·      Shareholders holding their shares on the NSE who do not indicate their currency of choice before 25 November 2024 will receive their dividends in Nigerian naira.

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 = 1656.97 Nigerian naira

1 USD = 0.777363 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 31 October 2024.

-ENDS-

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About Airtel Africa

Airtel Africa is a leading provider of telecommunications and mobile money services, with operations in 14 countries in sub-Saharan Africa. Airtel Africa provides an integrated offer to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally. The company's strategy is focused on providing a great customer experience across the entire footprint, enabling our corporate purpose of transforming lives across Africa.

www.airtel.africa