Ferdi Moolman will step down from his role as MTN Nigeria CEO with effect from 1 March 2021 and will return to the head office in South Africa to assume the GCRO role on the same date. The role will include responsibilities as a prescribed officer in terms of the South African Companies Act, 2008 (Act No. 71 of 2008). MTN announced the appointment of Karl Toriola as the MTN Nigeria CEO, effective 1 March 2021. Karl is currently Vice President: West and Central Africa ("WECA"), which he has held for the past five years. During that period, he has overseen the steady progress of the operating companies ("OpCo's") in the region, notably the turnaround of MTN Ivory Coast and MTN Cameroon over the past two years. Karl has also held a number of senior operational roles at MTN, since joining the Group in 2006, including Chief Technical Officer of MTN Nigeria and CEO of MTN Cameroon. He is also a board member on a number of the companies within the Group, including MTN Nigeria. Karl's successor as Vice President for WECA, will be announced after the group strategy review is completed by the end of November 2020.