21. SIGNIFICANT TRANSACTION SUBSEQUENT TO THE REPORTING PERIOD

Subsequent to the reporting period, MTN Nigeria signed a final and binding Terms of Agreement that modified the various infrastructure sharing agreements between IHS entities and MTN Nigeria, extending them until 31st December 2032. The agreement reduces the US$-indexed portion of the overall lease arrangement.

In addition, MTN Nigeria, ATC Nigeria Wireless Infrastructure Solutions Limited (ATC) and IHS (the Parties) have reached a mutual agreement regarding the approximately 2 500 sites that were awarded to ATC from the IHS portfolio, per the announcement on 7 September 2023. Following trilateral discussions during 2024, the parties have agreed to a revised allocation of sites in terms of which ATC will provide tower services for up to approximately 2 100 sites, while IHS will manage up to approximately 1 400 sites. This includes 1 000 new MTN Nigeria sites to be rolled out over the next few years and allocated between the two tower operators.

Due to the recent finalisation of these negotiations, the Group is concluding on the related accounting entries of the lease amendments, which will be included in the third quarter results.