Tuesday, November 23, 2021 / 1:00 PM / NGX/ Header Image Credit: MTN Nigeria

MTN Nigeria Communications Plc (MTNNigeria) is pleased to announce that the Securities and Exchange Commission(SEC) has approved an offer For sale of up to 575 million ordinary shares inMTN Nigeria held by MTN International (Mauritius) Limited, by way of abookbuild to qualified investors (Institutional Offer) and a fixed price foretail investors (Retail Offer).

The Institutional Offer opens at12.00 noon on 23 November 2021 and closes at 2.00pm on 26 November 2021, afterwhich a fixed price will be determined for the Retail Offer. The Retail Offeris proposed to open after the Institutional Offer, and an announcement will bepublished in this regard once clearance is obtained From the SEC.

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