HELIOS TOWERS PLC

EXTENSION OF LONG-STOP DATE REGARDING THE OMANTEL TOWER PORTFOLIO ACQUISITION

On 11 May 2021, Helios Towers Plc ("Helios Towers", the "Company"), the independent telecommunications infrastructure company, announced that it had agreed with Oman Telecommunications Company ("Omantel"), the largest mobile network operator in Oman, to acquire Omantel's passive tower infrastructure portfolio (the "Acquisition").

The Company and Omantel have made significant progress in satisfying the closing conditions for the Acquisition, including securing approval from the Telecommunications Regulatory Authority of Oman, and the Company anticipates that completion will take place in the next few weeks.

The Company and Omantel continue to work to satisfy the remaining outstanding conditions and have agreed to further extend the long-stop date for the Acquisition from 11 November 2022 (as previously announced) to 24 November 2022.

For further information, please contact:

Helios Towers Investor Relations

Chris Baker-Sams, Head of Strategic Finance and Investor Relations

+44 (0)752 310 1475

Media Relations

Edward Bridges / Stephanie Ellis

FTI Consulting LLP

+44 (0)20 3727 1000

About Helios Towers

·    Helios Towers is a leading independent telecommunications infrastructure company, having established one of the most extensive tower portfolios across Africa. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.

·    Helios Towers owns and operates telecommunication tower sites in Tanzania, Democratic Republic of Congo, Congo Brazzaville, Ghana, South Africa, Senegal, Madagascar and Malawi. Following recent acquisition agreements and subject to regulatory approvals, Helios Towers expects to establish a presence in Oman and Gabon. Including these acquisitions and committed BTS, the Group's total site count is expected to increase from over 10,500 towers to over 14,000.

·    Helios Towers pioneered the model in Africa of buying towers that were held by single operators and providing services utilising the tower infrastructure to the seller and other operators. This allows wireless operators to outsource non-core tower-related activities, enabling them to focus their capital and managerial resources on providing higher quality services more cost-effectively.

About Omantel

·    Omantel is the first and the leading telecommunications operator in Oman with the most advanced mobile and converged networks in the country, and one of the most prominent telecom operators in the Middle East with leading technologies and initiatives in digital transformation with consolidated group revenues of US$6.3 billion in 2021.

·    Omantel has further established its prominence in the Middle East in 2017 post the acquisition of a controlling stake in Zain Group; with a presence now spanning 8 countries.

·      Omantel is listed on the Muscat Stock Exchange and majority owned by Oman Investment Authority.