Towers of Strength Q2 2019 Results

Debt & Other Matters LEVERAGE OVERVIEW (1) CONSOLIDATED LEVERAGE RATIO (US$M) Q2'18 Q2'19 4.3x 2021 Senior Notes 800.0 803.9 NGN Credit Facility (2) 106.8 83.1 3.2x 2019 Senior Notes 13.3 13.6 Consolidated Leverage 920.1 900.5 L2Q EBITDA (3 L2QA EBITDA (3) 107.4 140.2 214.8 280.4 Q2'18 Q2'19 Consolidated Leverage Ratio 4.3x 3.2x Cash and Cash Equivalents 113.1 131.6 (1) (2) (3) Consolidated Leverage and Consolidated Leverage Ratio calculated as per the 2021 Senior Notes Indenture, with operating leases treated in accordance with IFRS effective at the time of issuance of the 2021 Senior Notes; leverage amounts include amortized loan costs and accrued interest Converted to US$ at FX rate of 305.0 NGN/USD, which is the FX rate that was prevalent at the time of issuance of the 2021 Senior Notes EBITDA calculated as per the 2021 Senior Notes Indenture, with operating leases treated in accordance with IFRS effective at the time of issuance of the 2021 Senior Notes Financials are unaudited consolidated financials for IHS Netherlands Holdco B.V. and its subsidiaries. Q2 June YTD 2019 Unaudited Results IHS Towers of strength 3.2x Q2'19 Leverage Ratio ■ Consolidated leverage $19.6M lower compared to Q2'18 10

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