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Mdundo is a leading music service for Africa with millions of people streaming and downloading music from our app and website every month. We aim to provide Africa’s millions of internet users with easy access to music whilst contributing structure, legality, and income to the sector.

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Correction: Mdundo.com A/S: Annual Report for the Financial Year 2024/2526.9.2025 10:31:21 CEST | Mdundo.com A/S | Annual financial report

Correction to Company Announcement number 8 - Annual Report for the Financial Year 2024/25: The Financial Highlights table on page 11 in the Annual Report for the Financial Year 2024/2025 has been corrected as follows: Guidance FY 25/26: Advertising revenue DKK 2.9m-3.6m, Subscription revenue DKK 9.1m-11.4m. The total revenue guidance is unchanged.

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Mdundo.com is adjusting EBITDA Guidance to negative DKK 5.5 million for the Financial Year 2024/202512.9.2025 16:44:50 CEST | Mdundo.com A/S | Inside information

Contains inside information Company Announcement Number 7-2025 Mdundo.com A/S announces an adjustment to its expected EBITDA for the financial year ended 30 June 2025, following a one-off provision made during the audit process in relation to account receivables. The Company now expects EBITDA of negative DKK 5.5 million, compared with the previously guided range of negative DKK 4–5 million and an EBITDA of negative DKK 6.4 million in the prior financial year. This adjustment relates solely to the financial year ended 30 June 2025 and does not affect the guidance for the current financial year 2025/26, where EBITDA is still expected to be in the range of negative DKK 2–3 million. Mdundo will publish its audited annual report for the financial year 2024/25 on 25th September, providing full details and further context.

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Mdundo.com and MTN Cameroon Bring Premium Music Streaming to Mdundo’s First Francophone Country10.4.2025 10:26:37 CEST | Mdundo.com A/S | Investor News

Mdundo.com, one of Africa’s leading music services, is pleased to announce a strategic partnership with MTN Cameroon, bringing Mdundo Premium subscription services to the first french speaking market within Africa. This collaboration significantly expands Mdundo’s footprint in the Cameroonian market, providing MTN’s 13 million customers with affordable access to Mdundo’s extensive catalog of African music, including exclusive DJ mixes and an ad-free experience.

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Mdundo.com A/S: Decision to initiate a strategic review3.4.2025 07:14:56 CEST | Mdundo.com A/S | Company Announcement

Company Announcement Number 03-2025 Contains inside information Mdundo has successfully grown from 5 to 38.8 million monthly active users since listing at Nasdaq First North Copenhagen in September 2020. The 2025 strategy is targeting 40 million users by the end of the financial year 2024/25 and break even at EBITDA level by December 2025. To accelerate the value creation and leverage the position the Company has gained since the IPO, the Board of Directors of Mdundo has decided to engage Deloitte Corporate Finance South Africa as financial advisor to advise the Board of Directors in connection with a strategic review, which could lead to a change in ownership, merger, strategic investor or other consolidation, however, there is no guarantee that the strategic review will lead to such outcome. Chairman of the Board, Jesper Vesten Drescher, says: “Since the IPO, Mdundo has strengthened its well-built and scalable platform, grown user-numbers significantly and gained access to a growing

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Mdundo.com A/S: Updates Revenue Guidance as a result of persistent Billing Challenges with Key Subscription Partners2.4.2025 17:26:43 CEST | Mdundo.com A/S | Company Announcement

Mdundo.com A/S announces a revision of its revenue guidance for the financial year 2024/25, now expecting revenue between DKK 11-12M, down from the previously communicated range of DKK 12-15M. The adjustment reflects continued billing challenges with two of our largest telecommunication partners, which accounted for 75% of the Company’s subscription revenue in the calendar year 2024. The partners are still expected to resolve the challenges, but the timeline is unknown. A potential resolution of the situation will have a positive impact on the subscription revenue growth. The updated guidance assumes that the current billing performance is unchanged in the remainder of the financial year 2024/25. The EBITDA and user guidance remain unchanged.

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Mdundo.com A/S: Forge Strategic Partnership with MiniPay to Bring an Integrated Music Service to MiniPay Wallet Users4.3.2025 09:08:20 CET | Mdundo.com A/S | Investor News

Mdundo.com A/S, one of Africa’s leading music services, is proud to announce a partnership with MiniPay to launch an integrated music service within the MiniPay wallet. This collaboration enables users to stream music directly within the MiniPay ecosystem while enjoying effortless, borderless subscription payments. The partnership is in-line with Mdundo’s strategic focus to drive subscription revenue through strategic partnerships.

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Mdundo.com A/S: Strong progress towards EBITDA positive in the first half of FY 24/256.2.2025 17:33:17 CET | Mdundo.com A/S | Interim information

Mdundo.com achieved a 36% year-on-year EBITDA improvement in the first half of FY 2024/25, driven by operational efficiencies and a focus on core revenue streams. Subscription revenue grew by 45%, supported by new telco partnerships with Glo Nigeria and Vodacom South Africa, accelerating the shift from ad-funded to subscription-based revenue. The overall revenue grew slightly from DKK 5.66 million to DKK 5.85 million despite a 44% decline in advertising revenue. MAUs increased by 26% to 38.8 million, with investments in platform engagement and the launch of a Progressive Web App (PWA) targeting users outside Africa.

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Mdundo.com: Lowers guidance for revenue in 2024/25 and now expects growth of up to 26% from last financial year, down from a previously expected growth of 26-43%. EBITDA and user guidance are maintained.28.11.2024 17:07:16 CET | Mdundo.com A/S | Company Announcement

The African music service, Mdundo.com, has lowered its revenue expectations for the financial year 24/25 from the previously announced DKK 15 - 17 million to DKK 12 - 15 million. The new expectation represents a growth of up to 26% compared to the last financial year. EBITDA expectations are unchanged and the company emphasizes continued strong growth from paying subscribers. The company invites for a Question & Answer session with the CEO and chairman on 29th November 2024 at 15:00 CET. Join here: https://meet.google.com/dnf-doxd-hou

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Mdundo A/S announces change of Certified Advisor28.11.2024 07:29:53 CET | Mdundo.com A/S | Changes in board/management/certified adviser/auditor/liquidity provider

Company Announcement No 16-2024 Mdundo A/S announces that the company has appointed HC Andersen Capital as new Certified Advisor, effective 1st December 2024. HC Andersen Capital replaces Kapital Partner A/S, who has served as the company's Certified Advisor since the listing at Nasdaq First North Growth Market in 2020. We would like to thank Kapital Partner ApS for their support and contribution.

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Decisions of Annual General Meeting in Mdundo.com A/S29.10.2024 17:15:36 CET | Mdundo.com A/S | Resolutions of annual general meeting

Company Announcement no. 15-2024 Today Tuesday 29th of October 2024, at 15:30 CET, the Company held its Annual General Meeting. The agenda was as following: Report from the board of directors on the past year Presentation of the annual report and any consolidated annual report for adoption. The board of directors recommends that the annual report for 2023/24 is adopted. Approval of the remuneration for the board of directors for the current financial year. The board of directors recommends that the proposed remuneration is approved. Decision on the allocation of profit or transfer of loss in respect of the adopted annual report. The board of directors recommends that the loss for the year is carried forward to next year. Election of board members. According to clause 11.1 of the articles of association, board members are elected by the general meeting for a period of one (1) year at a time and re-elections may occur. At the ordinary general meeting in 2024, Jesper Vesten Drescher (Chai

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Mdundo.com Quarterly Report: Continued user growth and commitment to a unique local music experience10.10.2024 11:08:53 CEST | Mdundo.com A/S | Interim information

Mdundo.com, one of Africa’s leading music services, continues to demonstrate its growth and commitment to providing a locally relevant music experience. In Q1 2024/25, the platform reached 37.8 million monthly active users. The company's strategic partnerships with major telecommunication firms, as well as its focus on regional languages, have been key focus areas within the quarter.

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Mdundo is a leading music service for Africa with millions of people streaming and downloading music from our app and website every month. We aim to provide Africa’s millions of internet users with easy access to music whilst contributing structure, legality, and income to the sector.

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