Investor Presentaiton

Glossary of Terms Q1 2020 Unaudited Results Adjusted EBITDA, Adjusted EBITDA margin and other non-IFRS financial measures are used by our management to monitor the underlying performance of the business and the operations. Adjusted EBITDA, Adjusted EBITDA margin and other non-IFRS financial measures are used by different companies for differing purposes and are often calculated in ways that reflect the circumstances of those companies. You should exercise caution in comparing Adjusted EBITDA, Adjusted EBITDA margin and other non-IFRS financial measures as reported by us to Adjusted EBITDA, Adjusted EBITDA margin and other non-IFRS financial measures as reported by other companies. Adjusted EBITDA, Adjusted EBITDA margin and the other non-IFRS financial measures described in this Offering Memorandum are unaudited and have not been prepared in accordance with IFRS or any other generally accepted accounting principles. In addition, the presentation of these measures is not intended to and does not comply with the reporting requirements of the SEC and will not be subject to review by the SEC; compliance with its requirements would require us to make changes to the presentation of this information. Adjusted EBITDA: Profit or loss for the period excluding the impact of finance income, finance cost, fair value through profit or loss, depreciation and amortization, impairments of fixed assets and land rent, profit or loss on disposal of assets, impairment of withholding taxes, share-based payment expense, and provision for or benefit from income taxes, less other income plus other expenditures that management considers sufficiently large and unusual as to distort comparisons from one period to the next. Adjusted EBITDA is a component of the calculation that has been used by our lenders to determine compliance with certain covenants under our debt facilities. Adjusted EBITDA is not intended to be an alternative measure of operating income or gross profit margin as determined in accordance with IFRS. Adjusted EBITDA margin: Adjusted EBITDA divided by revenue, expressed as a percentage. Capital expenditure ("Capex"): the additions of property, plant and equipment (including advance payments for such additions) and the purchase of software, as presented in the statement of cash flows. Colocation Rate: Refers to the average number of Tenants per Tower across our portfolio at a given point in time. Consolidated Net Leverage: Aggregate outstanding net indebtedness on a consolidated basis (excluding subordinated shareholder debt). Consolidated Net Leverage Ratio: Ratio of Consolidated Net Leverage to LTM EBITDA Group: IHS Netherlands Holdco B.V. and each of its direct and indirect subsidiaries. Lease Amendments: Refers to the installation of additional equipment on a site or the provision of ancillary services for an existing Tenant, for which we charge our customers. LTM Adjusted EBITDA: Adjusted EBITDA for the last twelve months. Towers: Refers to ground-based towers, rooftop and wall-mounted towers, in-building solutions and cells-on-wheels, each of which is deployed to support wireless transmission equipment. Tenants: Refers to the number of distinct customers who have leased space on each Tower across our portfolio VPY: Versus prior year IHS Towers of strength 12

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