The report covers sustainability activities from January 1, 2025 to December 31, 2025 and demonstrates IHS Towers’ continued commitment to its stakeholders, including, but not limited to, its employees, customers, suppliers, local communities, regulators, governments and shareholders.

According to the report, IHS Towers is advances its net-zero goals with 21% emissions reduction in 2025.

IHS Towers’ vision is to help create a connected world, where mobile connectivity promotes continued economic growth and social development. The communications infrastructure it provides is vital to enabling that connectivity.

In 2025, the group continued to advance its four-pillar sustainability strategy, focusing on ethics and governance, environment and climate change, education and economic growth, our people and communities, as detailed in this report.

Sam Darwish, Chairman & CEO, IHS Towers, commented,

“At IHS Towers, we remain committed to advancing digital inclusion and delivering meaningful impact through our four sustainability pillars. We believe mobile connectivity has the power to unlock significant social value, and we recognize the critical role it plays in expanding access to education and economic opportunity.

Our 2025 Sustainability Report highlights this impact, showcasing our community‑focused initiatives across Africa and Latin America. We are proud of the long‑term value we continue to create for our stakeholders and are pleased to share the progress we are making across key HSSE priorities, our Carbon Reduction Roadmap, and the $45 million we have invested in our communities since 2017.”

2025 Sustainability Report Highlights

As of and for the year ended December 31, 2025, IHS reported environmental, social and governance (“ESG”) related progress including:

Environment

• Carbon Reduction Roadmap:

o Reduced the Scope 1 and Scope 2 kilowatt-hour emissions intensity by approximately 21.4%, compared with the 2021 baseline emissions data

• Commenced the planting of over 25,000 seedlings across nine hectares in Brazil’s Amazon region in collaboration with the Institute of Conservation and Sustainable Development of the Amazon (Idesam)
• Partnered with the Federal Capital Territory Administration in Nigeria to promote the adoption of clean cooking gas through the ‘Project Breathe Clean Air-Abuja’ and provide 5,000 households with LPG cylinders and cookers
• Continued an initiative in Nigeria to install solar-powered streetlights, donating 700 units of streetlights across communities nationwide
• Launched a pilot project with ApiFusion at two rural tower sites to promote sustainable beekeeping and community empowerment

Social

• Reported no recordable work-related injuries or fatalities among the employees
• 29% of the employees were female, an increase from 27% in 2024, and 71% were male
• Employees completed 13 hours of training on average on the IHS Academy
• Spent $8.2 million on community-focused sustainability initiatives, bringing the total investment in our local communities to $45 million since 2017
• Enhanced digital inclusion by:

             o   Training more than 140,000 students in digital skills through Nigeria’s 3  Million Technical Talent (3MTT) initiative

             o   Reaching 100,000 children through a literacy program in Côte d’Ivoire

             o   Training over 9,500 students in STEM skills in Brazil, Nigeria, South Africa and Zambia

Governance

• IHS South Africa achieved a Level 1 rating in its Broad-Based Black Economic Empowerment (B-BBEE) audit
• Maintained its ISO 37001 Anti-Bribery Management System certification
• Scored 37 (out of 100) in the 2025 S&P Global Corporate Sustainability Assessment (CSA Score)
• Continued driving high standards of integrity throughout the supply chain; 7,861 supplier employees completed training in topics relating to the Supplier Code of Conduct
• 98% of employees, versus 96% in 2024, completed annual Anti-Bribery and Corruption training

In a statement issued by Mrs. Nnenna Ukoha, head of Public Affairs at the NCC, the Commission disclosed that it is working closely with key industry stakeholders and licensed operators to address the disruptions, which have negatively impacted the quality of experience for telecom users in the Federal Capital Territory.

According to the NCC, the service degradation is largely linked to diesel supply disruptions affecting IHS Nigeria Limited, a major colocation infrastructure provider responsible for powering base stations used by Airtel and MTN in the affected areas. The disruption has resulted in intermittent service outages across parts of Abuja.

The Commission attributed the diesel supply challenge to the activities of the National Oil and Gas Suppliers Association (NOGASA), which reportedly interfered with fuel distribution to critical telecom infrastructure, thereby impairing network availability.

“The NCC recognizes the critical role of reliable power supply in delivering optimal telecommunications services,” the statement said, reaffirming the regulator’s commitment to ensuring seamless communication services for Nigerians.

To mitigate the situation, the Commission said it is actively engaging all relevant stakeholders to remove diesel supply bottlenecks and explore more sustainable solutions that will prevent future disruptions to telecom infrastructure.

The NCC further emphasized its role in facilitating dialogue between affected service providers and industry players, noting that these engagements are aimed at achieving a swift resolution to the challenges impacting service quality in Abuja.

Despite the disruptions, the Commission reiterated its dedication to fostering a conducive regulatory environment that supports the growth, resilience, and sustainability of Nigeria’s telecommunications sector.

“The Commission remains committed to managing the situation effectively and will keep the public informed of progress toward the full restoration of telecommunications services in Abuja,” the statement added.

The NCC also appealed to subscribers for patience and understanding during the period, assuring them of its continued resolve to deliver high-quality, reliable telecommunications services nationwide.

This was remarked at the Telecoms Industry Townhall, themed ‘Two Decades After: What Next for the Telecoms Industry’, on Tuesday, August 13, 2024.

The hybrid event, organized by the Financial Derivatives Company (FDC), took place at Four Points Hotel, Victoria Island, Lagos, brought together industry leaders to discuss the future of Nigeria’s telecommunications sector.

Aside from Mr Cruz, the panel also featured Karl Toriola, chief executive officer, MTN Nigeria; Kazeem Oladepo, chief operations officer, IHS Towers; Funke Opeke, chief executive officer, MainOne; and Olatunji Bello, chief executive officer, Federal Competition & Consumer Protection Commission (FCCPC).

During the event, Carl Cruz discussed challenges and ways forward for the telecoms industry, highlighting the need for an atmosphere that would encourage investors to help telecom operators thrive.

Telecom, he explained, is an enabler for digital inclusion and economic growth.

Mr. Cruz said,

“One of the major challenges faced by the telecoms industry is the issue of security. The cases of sabotage and fiber theft on a monthly basis are over a thousand.  Now, capital being invested in Nigeria is being compared to capital being invested in other countries due to some of the impacts of these challenges. However, At Airtel, we understand that investing in infrastructure can be challenging, so we adopt a forward-looking approach as we believe that a country’s growth is significantly boosted by substantial investments. To illustrate this, I’m pleased to share that Airtel has established a digital lab here in Nigeria, serving our operations across the 13 other countries where we have a presence.”

Mr. Cruz further underscored the necessity of a strong regulatory collaboration to support industry growth.

“Industry collaboration with regulators is also very essential for the country to progress. It is therefore imperative for players in the telecoms industry to engage in constant communication with our regulators, especially to address the limiting factors affecting the telecoms business.  On this note, I can say that Airtel and other operators in the telecoms industry are currently doing this and are optimistic about favourable deliberations and outcomes that will boost the success of the telecoms industry,” he said.

Other industry leaders also contributed their perspectives on the telecoms industry as it relates to the financial sector and other business areas such as aviation and banking.

Some of these speakers include Temi Popoola, chief executive office, Nigerian Exchange Group (NGX Group), Special Adviser to the President on Industry, Trade, and Investment, John Uwajumogu; and Dr. Armstrong Katang, special adviser to the minister of Finance, Budget and National Planning.

RMB was one of the lead banks on the transaction and applied its in-country expertise and global market knowledge in the structuring of this facility.

IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count, and is the largest independent multinational towerco solely focused on the emerging markets.

The Company has nearly 40,000 towers across its 11 markets and a strong track record of delivering growth.

Conny Konopi, Debt & Trade Solutions Transactor says, “RMB is proud to facilitate strategic investments that have a powerful economic impact. IHS Towers focuses exclusively on emerging markets and with the right funding, we hope to ensure its continued growth and contribution of communications infrastructure in sub-Saharan Africa and other key regions of focus.”

The initial proceeds of the $600 million were used to repay a $280 million bridge facility that was due to mature in February 2023 and a $76 million USD tranche of IHS’ Nigerian credit facility that was amortizing and was due to mature in September 2024. The remaining proceeds will be initially left undrawn and can be used for general corporate purposes.

Miranda Abraham, Co-Head of Loan Capital Market Solutions adds, “RMB won this mandate by providing advice on transaction structuring and the best route to market. We value IHS Towers as a strategic partner and the opportunity to support them across various initiatives and business requirements.”

As Mandated Lead Arranger and Bookrunner, RMB was instrumental in delivering a successful transaction for IHS Towers during a period of macroeconomic uncertainty.

Onke Mkiva, Co-Head Debt & Trade Solutions Africa concludes, “As a provider of communications infrastructure on a countrywide basis across multiple countries, IHS Towers delivers a critical service in enabling mobile connectivity. At RMB, we are proud to leverage our global expertise, innovation and ingenuity to structure a transaction that has enabled the business to refinance existing facilities at tight pricing levels. Furthermore, the company was able to achieve the desired quantum within a short timeframe, less than two months, from deal launch.”