MTN launched an Offer for Sale in December 2021 for the sale of up to 575 million shares held in MTN Nigeria by MTN International (Mauritius) Limited (the Offer). The Offer included on incentive scheme of one (1) Ordinary Share for every twenty (20) Ordinary shares purchased and allotted (the Incentive Share) - up to a maximum of Two Hundred and Fifty (250) Ordinary Shares.