<SEC-DOCUMENT>0001104659-25-050755.txt : 20250520
<SEC-HEADER>0001104659-25-050755.hdr.sgml : 20250520
<ACCEPTANCE-DATETIME>20250520075008
ACCESSION NUMBER:		0001104659-25-050755
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20250520
FILED AS OF DATE:		20250520
DATE AS OF CHANGE:		20250520

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IHS Holding Ltd
		CENTRAL INDEX KEY:			0001876183
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMUNICATIONS EQUIPMENT, NEC [3669]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				000000000
		STATE OF INCORPORATION:			O4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40876
		FILM NUMBER:		25966177

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		1 CATHEDRAL PIAZZA
		STREET 2:		123 VICTORIA STREET
		CITY:			LONDON
		PROVINCE COUNTRY:   	X0
		ZIP:			SW1E5BP
		BUSINESS PHONE:		44 20 8106 1600

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		1 CATHEDRAL PIAZZA
		STREET 2:		123 VICTORIA STREET
		CITY:			LONDON
		PROVINCE COUNTRY:   	X0
		ZIP:			SW1E5BP
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2515594d1_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -0.01pt; width: 8%"><IMG SRC="tm2515594d1_6kimg001.jpg" ALT="" STYLE="height: 1000px; width: 30px"></TD>
  <TD STYLE="padding-left: 10pt; text-indent: -0.01pt; width: 92%"><P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="border-top: Black 2pt solid; border-bottom: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;6-K</B></P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO RULE&nbsp;13a-16 OR 15d-16</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>OF THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>For the&nbsp;month of May 2025</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission File Number: 001-40876</B></P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>IHS Holding Limited</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Translation of registrant&rsquo;s name into English)</P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1 Cathedral Piazza</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>123 Victoria Street</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>London SW1E 5BP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>United Kingdom</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will file annual
reports under cover of Form&nbsp;20-F or Form&nbsp;40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form&nbsp;20-F&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Form&nbsp;40-F&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="border-top: Black 1pt solid; border-bottom: Black 2pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

</TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On May&nbsp;20, 2025,&nbsp;IHS Holding Limited
issued a press release announcing  it has agreed to sell its Rwanda operations to Paradigm Tower Ventures, a copy of which
is furnished herewith as Exhibit&nbsp;99.1 to this Report on Form&nbsp;6-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 6%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit<BR>
No.</FONT></TD>
    <TD STYLE="width: 2%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 92%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Description</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify"><A HREF="tm2515594d1_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></A></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><A HREF="tm2515594d1_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Press Release of IHS Holding Limited, dated May&nbsp;20, 2025</FONT></A></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IHS Holding Limited</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: May&nbsp;</FONT><FONT STYLE="font-size: 10pt">20,
    2025</FONT></TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 47%; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Steve Howden</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Steve Howden</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Executive Vice President and Chief Financial Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2515594d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%"><IMG SRC="tm2515594d1_ex99-1img001.jpg" ALT="" STYLE="height: 1000px; width: 25px">&nbsp;</TD>
    <TD STYLE="width: 92%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><IMG SRC="tm2515594d1_ex99-1img002.jpg" ALT=""></P>
                           <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
                           <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>IHS Towers Agrees to Sell Rwanda Operations
to Paradigm Tower Ventures</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; background-color: white"><B>May&nbsp;20,
2025, London/Kigali:</B></FONT> <FONT STYLE="background-color: white">IHS Holding Limited (NYSE: IHS) (&ldquo;IHS Towers&rdquo;), one
of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count, has agreed to sell 100% of IHS Rwanda Limited (&ldquo;IHS Rwanda&rdquo;) including its approximately 1,465 sites<FONT STYLE="font-size: 10pt"><SUP>1</SUP></FONT>
to Paradigm Tower Ventures. The transaction is subject to customary closing conditions, including government and regulatory approvals,
and is expected to close in the second half of 2025.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">The
terms of the transaction reflect an enterprise value<SUP>2</SUP> of $274.5 million, implying a transaction multiple of 8.3x adjusted
EBITDA after leases<SUP>3</SUP>. This represents a significant premium compared to the current valuation multiple of the IHS Towers
group.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; background-color: white"><B>Sam
Darwish, Chairman&nbsp;&amp; CEO,&nbsp;IHS Towers</B></FONT><FONT STYLE="background-color: white">, commented, <I>&ldquo;The agreement
to sell our Rwanda operations to Paradigm Tower Ventures was carefully considered as part of our strategic initiatives targeted at shareholder
value-creation options and highlights the value of our Rwanda operations within our wider portfolio. We have enjoyed more than 10 years
of commercial success in Rwanda. We are deeply appreciative to our colleagues and customers, in addition to the Government of Rwanda for
its exemplary and investor supportive framework, who have all helped make IHS Rwanda the success it is today.&rdquo;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Stephen
Harris, Co-founder, Paradigm Tower Ventures, </B></FONT>said<I>, &ldquo;Rwanda represents an exciting market with high demand for shared
wireless infrastructure. The Paradigm team is very much looking forward to building a strong customer focused business providing high
quality and secure infrastructure to mobile network operators.&rdquo;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white"><B>---ENDS---</B></FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white"></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1</SUP></FONT>
                                            As of March 31, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>2</SUP></FONT>
Enterprise value is defined as anticipated consideration to be received on a borrowings and cash free basis. Refer to note 20 in our
unaudited condensed consolidated interim financial statements for the three months ended March 31, 2025 (filed on form 6-K with the Securities
and Exchange Commission on May 20, 2025) for further information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>3</SUP></FONT>
Consists of contribution for Rwanda to Adjusted EBITDA for IHS Holding Limited and its subsidiaries (the &ldquo;Group&rdquo;) of
$37.6 million for the last 12 months to March 31, 2025, and reduced by $4.4 million for incremental lease costs in Rwanda. Adjusted
EBITDA for the Group is defined in our unaudited condensed consolidated interim financial statements for the three months ended
March 31, 2025 (filed on form 6-K with the Securities and Exchange Commission on May 20, 2025).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white"><B>&nbsp;</B></FONT></P>

</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: left; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%">&nbsp;<IMG SRC="tm2515594d1_ex99-1img001.jpg" ALT="" STYLE="height: 960px; width: 25px"></TD>
    <TD STYLE="text-align: right; width: 92%"><IMG SRC="tm2515594d1_ex99-1img003.jpg" ALT=""><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                           <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; background-color: white"><B>About
IHS Towers:</B></FONT> <FONT STYLE="background-color: white">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, C&ocirc;te d&rsquo;Ivoire, Nigeria, Rwanda, South Africa
and Zambia. For more information, please email: <U>communications@ihstowers.com</U> or visit: <U>www.ihstowers.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; background-color: white"><B>About
</B></FONT><B>Paradigm Tower Ventures: </B><FONT STYLE="background-color: white">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&ndash;Saharan
Africa. Paradigm Tower Ventures is backed for this transaction by a consortium of equity and debt finance providers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B>Cautionary
Language Regarding Forward-Looking Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; background-color: white">This
press release contains forward-looking statements. </FONT>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&nbsp;27A
of the Securities Act of 1933, as amended, and Section&nbsp;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&rsquo;s strategic review process, and the timing of any of the foregoing. <FONT STYLE="background-color: white">In some
cases, you can identify forward-looking statements by terms such as &ldquo;may,&rdquo; &ldquo;will,&rdquo; &ldquo;should,&rdquo; &ldquo;expects,&rdquo;
 &ldquo;plans,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;could,&rdquo; &ldquo;intends,&rdquo; &ldquo;targets,&rdquo; &ldquo;commits,&rdquo;
 &ldquo;projects,&rdquo; &ldquo;contemplates,&quot; &ldquo;believes,&rdquo; &ldquo;estimates,&rdquo; &ldquo;forecast,&rdquo; &ldquo;predicts,&rdquo;
 &ldquo;potential&rdquo; or &ldquo;continue&rdquo; 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&nbsp;20-F for the fiscal year ended December&nbsp;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.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B>Websites
and other materials</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">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.</FONT></P>
</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->/3</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%">&nbsp;<IMG SRC="tm2515594d1_ex99-1img001.jpg" ALT="" STYLE="height: 980px; width: 25px"></TD>
    <TD STYLE="width: 92%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
                           <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><IMG SRC="tm2515594d1_ex99-1img003.jpg" ALT="">&nbsp;</P>
                           <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
                           <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B>Rounding</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">Certain
numbers, sums, and percentages in this press release may be impacted by rounding.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B>Certain
definitions</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We define Adjusted EBITDA for the Group as
income/(loss) for the period, before income tax expense/(benefit), finance costs and income, depreciation and amortization, net
impairment/(reversal of impairment) of withholding tax receivables, impairment of goodwill, business combination transaction costs,
net impairment/(reversal of impairment) of property, plant and equipment, intangible assets excluding goodwill and related prepaid
land rent, reversal of provision for decommissioning costs, net (gain)/loss on sale of assets, share-based payment (credit)/expense,
insurance claims, gain on disposal of subsidiary and certain other items that management believes are not indicative of the core
performance of our business. See our unaudited condensed consolidated interim financial statements filed with the U.S. Securities
and Exchange Commission for additional information, definitions and a reconciliation to the most comparable IFRS measures.</P>
 &nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->/3</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>tm2515594d1_ex99-1img001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2515594d1_ex99-1img001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" 4' " # 2(  A$! Q$!_\0
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4H **** "BBB@ HHHH **** /_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>tm2515594d1_ex99-1img002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2515594d1_ex99-1img002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" !) '\# 2(  A$! Q$!_\0
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MC]7\RM8U/CEZ_HC\KX[J3J<7\0.<G)QQ[IQOTA2P^#A"*\HQT2/U)_X(H?\
M*5/]BG_LK?\ [JOB2OZ$/^#O7_D$_L _]A']I_\ ])OV?Z_GO_X(H?\ *5/]
MBG_LK?\ [JOB2OZ$/^#O7_D$_L _]A']I_\ ])OV?ZN/\&?^)?\ MI]'DO\
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MKA_P;GS3Q12?#?X.VD<CJCW5Q^PN[00*Q ,LJVGPLNKDH@^9A!;S2$ [(V.
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MR^OEF"R[,88>6(A4P-.G3H8NA3G!58\OL85J=2BZD*KA*K5I2A)RARSA)/\
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MZ9JVG7!B>.7R+ZPNKBVF\N2.3RY6V.K88>)5]$?LA?\ )V7[+_\ V<1\%/\
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MIO=V/D?_ !#B_P#!)'_HWGQ1_P"'S^-O_P WE??!_;9\+?\ %P]1'PJ^*O\
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/PBSO+96<3+*B^Y44 ?_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>tm2515594d1_ex99-1img003.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2515594d1_ex99-1img003.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1"  G $0# 2(  A$! Q$!_\0
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MY70X9]4.B3Z;IXU;Q?XE\4:]X-\,^!_#^NZYJRZ?-^2_["W_  7L\1_MV_\
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MAOH[V\N/$FA1-K%B="U[UCX6?\$][;PKX:^!R^(_$'@YO%'PEO-)\31W.F>
MHKB6+Q1<>-_V5/'WBNZL]<NM<CNVU349/V=M=\&OXICL[34-1\.^.X9+ZT(T
M2^T[Q&44*$5T^1G#)<OIU'.-'W>6"C2;O"$H2A-U(NSJ.<Y4Z3ESU)14J:E%
-*<ZDY_IE1115'K'_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>tm2515594d1_6kimg001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2515594d1_6kimg001.jpg
M_]C_X  02D9)1@ ! 0$ R #(  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" 1H "(# 2(  A$! Q$!_\0
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LH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** /_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
