• A Listing by Introduction (“LBI”) means that the existing shares of MTN Group (80%) and Crystal Telecom (20%), held directly by Crystal Telecom’s shareholders at the listing MTN Rwanda cell PLC, were listed on RSE without an additional public sale of shares.
• From this point, all MTN Rwanda Cell PLC shareholders are free to trade their shares on the RSE secondary market.

• A minimum of 1,000 Crystal Telecoms shareholders
• 25% free float of its issued capital. MTN Rwanda Cell PLC received a waiver of this requirement based on the 20% free float from Crystal Telecoms’ shareholders from the Capital Market Authority (“CMA”) and the RSE

Crystal Telecom dissolved its business and distributed its surplus assets to its shareholders, mainly its shareholding in MTN Rwanda Cell PLC.

No, the existing ordinary shares of FRW10,000 were subdivided to a nominal value of FRW1 per share and a further 1,350,885,100 new shares were issued enabling 1,350,886,600 ordinary MTN Rwanda cell PLC shares to be listed on RSE.

MTN Rwanda cell PLC became a public company on 18th December 2020.

No, the Company did not raise new capital during the Listing by Introduction.

The current share price can be verified on http://www.rse.com/

• MTN Rwandacell PLC currently has no regulatory obligations to list
• MTN Rwanda cell PLC remains committed to broadening Rwandan access to MTN Rwanda cell PLC via the RSE

MTN Potential investors can register their interest in acquiring shares by contacting registered stockbrokers onhttps://www.mtn.co.rw/investors/shareholders/analysts/

Yes, Staff interested in buying MTN Rwanda Cell PLC’s shares can contact their stockbrokers to help purchase MTN Rwanda Cell PLC shares on the RSE.

MTN Rwanda cell PLC must adhere to the RSE Rule Book 2013 and The Capital Market Corporate Governance Code N° 09, 2012.

MTN Rwanda Cell PLC targets a minimum dividend payout ratio of 50% of its distributable net income in the medium term in 2022.

A dividend of RWF 10.2 billion (approx. RWF 7/share) was approved at the Annual General Meeting of Shareholders on June 30^th, 2021, and this was distributed amongst all shareholders who were listed on the share register as of June 7^th, 2021.