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Voluntary Announcement Regarding Completion of Structural Separation of Scancom PLC’s Mobile Money
MTN Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
(Share code MTN)
(ISIN: ZAE000042164)
(MTN or MTN Group or the Group)
Voluntary Announcement Regarding Completion of Structural Separation of
Scancom PLC's Mobile Money Business in Ghana
MTN shareholders are advised that Scancom PLC (MTN Ghana) has completed the structural
separation of its mobile money business in line with the localisation requirement under the Payment
Systems and Services Act, 2019 (Act 987) in Ghana (the Transaction). The Transaction involved the
statutory merger of MobileMoney LTD, a wholly owned subsidiary of MTN Ghana that previously
operated mobile money business, and MobileMoney Fintech LTD (MMFL), a newly incorporated
company established to run the mobile money business, in accordance with the Companies Act, 2019
(Act 992) in Ghana (the Merger).
The Merger became e?ective on 31 March 2026, following the satisfaction or waiver (as applicable) of
all the Transaction conditions precedent and the receipt of the required regulatory approvals.
The Transaction did not involve any issuance of shares by MTN Ghana and following the completion of
the Merger:
• the mobile money business is now carried on by MMFL;
• MTN Ghana's stated capital and shareholding structure remain unchanged; and
• MTN Ghana continues to conduct its telecommunications business.
MMFL is a newly incorporated company established to run the mobile money business, which is owned
by MTN Dutch Holdings B.V., a subsidiary of MTN, and The MTN Ghana Fintech Trust, a trust established
for the benefit of its beneficiaries, who are the non-MTN Group shareholders of MTN Ghana from time
to time.
MTN is pleased to announce this important milestone, which not only complies with local regulatory
requirements, but aligns with the Group's strategic priority to scale the fintech platform faster and
accelerate its value-creation journey.
02 April 2026
Fairland
Lead sponsor
Tamela Holdings Proprietary Limited
Joint sponsor
J.P. Morgan Equities (SA) Proprietary Limited
Date: 02-04-2026 04:24:00
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