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About
IHS Towers: IHS Towers is one of the largest independent owners, operators and developers
of shared communications infrastructure in the world by tower count and is solely focused on the emerging markets. The Company has over
39,000 towers across its eight markets, including Brazil, Cameroon, Colombia, Côte d’Ivoire, Nigeria, Rwanda, South Africa
and Zambia. For more information, please email: [email protected] or visit: www.ihstowers.com
About
Paradigm Tower Ventures: Stephen Harris, Hal Hess and Steven Marshall, well respected
and experienced former executives of global and African tower businesses, founded Paradigm Infrastructure in 2019. They have substantial
experience in the acquisition and operations of tower businesses in multiple African markets. This transaction marks the first investment
by Paradigm Tower Ventures, a new tower platform which is focused on the growth of new build shared wireless infrastructure in Sub–Saharan
Africa. Paradigm Tower Ventures is backed for this transaction by a consortium of equity and debt finance providers.
Cautionary
Language Regarding Forward-Looking Statements
This
press release contains forward-looking statements. We intend such forward-looking statements to be covered by relevant safe harbor
provisions for forward-looking statements (or their equivalent) of any applicable jurisdiction, including those contained in Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other
than statements of historical facts contained in this document may be forward-looking statements, including regarding the enterprise value
of the transaction, the total base consideration to be received pursuant to the transaction, the potential impact of the sale of IHS Rwanda
under the Company’s strategic review process, and the timing of any of the foregoing. In some
cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,”
“plans,” “anticipates,” “could,” “intends,” “targets,” “commits,”
“projects,” “contemplates," “believes,” “estimates,” “forecast,” “predicts,”
“potential” or “continue” or the negative of these terms or other similar expressions. We have based these forward-looking
statements largely on our current expectations and projections about future events and financial trends that we believe may affect our
business, financial condition and results of operations, and while we believe such information forms a reasonable basis for such statements,
such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive
inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are
cautioned not to unduly rely upon these statements. You should read this press release and the documents that we reference in this press
release with the understanding that our actual future results, performance and achievements may be materially different from what we expect.
Further information on such assumptions, risks and uncertainties is available in our filings with the US Securities and Exchange Commission,
including our Annual Report on Form 20-F for the fiscal year ended December 31, 2024. We qualify all of our forward-looking
statements by these cautionary statements. These forward-looking statements speak only as of the date of this press release. Except as
required by applicable law, we do not assume, and expressly disclaim, any obligation to publicly update or revise any forward-looking
statements contained in this press release, whether as a result of any new information, future events or otherwise.
Websites
and other materials
References
to any website or other documents contained in this press release are provided for convenience only, and their content is not incorporated
by reference into this press release.
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