Update on composite transaction

Bharti Airtel has completed the acquisition of an additional 16.3% stake in its UK-listed subsidiary, Airtel Africa, from Indian Continent Investment Limited (ICIL), thereby increasing its effective ownership to approximately 79%. In consideration for this acquisition, Bharti Airtel preferentially allotted 146,761,335 fully paid-up equity shares to ICIL. Consequently, ICIL now holds about 3.25% of Bharti Airtel's expanded post-issue equity share capital, and the company's paid-up equity capital has increased.