MTN GROUP LIMITED - MTN Ghana Receives Notice of Spectrum Award in the 700 MHz and 3 GHz Bands

MTN Ghana Receives Notice of Spectrum Award in the 700 MHz and 3 GHz Bands

MTN Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
(Share code MTN)
(ISIN: ZAE000042164)
(MTN or the MTN Group)

MTN Ghana Receives Notice of Spectrum Award in the 700 MHz and 3 GHz Bands
MTN Group shareholders are referred to the announcement released by Scancom PLC (MTN Ghana
or the Company) on 2 October 2026 regarding receipt of a notice from Ghana’s National
Communications Authority for the award of spectrum in the 700 MHz and 3 GHz mid-band
frequencies for the provision of 5G and mobile broadband services.

The spectrum licences will have a duration of 15 years.

Details of the spectrum included in the notice of award are set out below:


 Band         Total Lots     Lots in the Notice of        Bandwidth            Licence Fee
              Available      Award

 700 MHz      3              2 lots (2 * 20 MHz)          2 x 20 MHz           USD100.9 million

 3 GHz        3              3 lots (3 * 50 MHz)          1 x 150 MHz          USD101.1 million


MTN Ghana is currently finalising the required formalities and payment obligations associated with
the licence acquisition. The licence payments have been incorporated into the MTN Ghana’s equity
free cash flow outlook.

Following the issuance of the spectrum licences, the MTN Ghana will deploy the 5G spectrum in
addition to its existing spectrum stock, to strengthen network capacity, enhance service quality, and
improve customer experience across Ghana. It will be critical in assisting MTN Ghana to drive growth
in 5G mobility as well as in fulfilling our aspirations to connect the home in Ghana.

MTN Group and MTN Ghana will keep the market informed of material developments as MTN Ghana
advances the rollout of the newly awarded spectrum and high-speed 5G services aimed at enhancing
customer experience across the country. The MTN Group and MTN Ghana appreciate the continued
support of their shareholders and other stakeholders as MTN Ghana undertakes this strategic
investment.

Fairland

02 October 2026

Lead Sponsor
Tamela Holdings Proprietary Limited
Joint Sponsor
J.P. Morgan Equities South Africa Proprietary Limited

Date: 02/10/2026 05:09:00
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