Market Overview

CyrusOne Inc. Announces Closing of Zenium Acquisition


Extends Global Footprint into Europe's Two Largest Data Center
Markets, London and Frankfurt, with Significant Expansion Opportunity

CyrusOne Inc. ("CyrusOne") (NASDAQ:CONE), a premier global data center
REIT, today announced that it has closed its previously announced
acquisition of Zenium Data Centers ("Zenium"), a leading hyperscale data
center provider with properties in London and Frankfurt, Europe's two
largest data center markets.

"We are excited to take this important step in establishing a European
footprint at a time when our customers are expanding globally and demand
across the continent is accelerating, particularly for larger
deployments," said Gary Wojtaszek, president and chief executive officer
of CyrusOne. "We believe there is a tremendous opportunity as the market
continues to evolve rapidly. With this acquisition, as well as
additional development sites we have in process in key markets across
Europe, we will be very well positioned to help our customers as their
business requirements grow, while creating significant value for our

"We are thrilled to enter the European marketplace through the milestone
closing of the Zenium acquisition," said Jonathan Schildkraut, executive
vice president and chief strategy officer of CyrusOne. "By the end of
2019, we expect our European platform to provide nearly 250 megawatts of
potential data center inventory, inclusive of both the Zenium platform
together with our organic site development efforts, spread across four
major markets, giving us one of the largest platforms in Europe. With
this closing achieved, we will now broaden our expansion efforts to
include additional markets in other key geographies across the globe."

The acquisition of Zenium is the critical first step of CyrusOne's
previously announced European expansion strategy. The European data
center market is growing quickly with strong demand for larger
deployments, a market segment for which CyrusOne has unique expertise
and capabilities. Take-up across London, Frankfurt, Amsterdam and Paris
in the first half of 2018 was 87 megawatts ("MW"), up 50% from the first
half of 2017.

The Zenium portfolio includes four operating properties in London and
Frankfurt with nearly 20 MW of critical load capacity available for
lease-up, as well as additional development sites in London and
Frankfurt with the potential to add an incremental 31 MW of critical
load capacity upon full build-out.

The transaction meaningfully accelerates CyrusOne's ability to address
the increasingly global needs of its existing customers. At the same
time, the Company's expanding footprint will allow CyrusOne to more
effectively compete for opportunities from potential customers looking
for a single provider with a geographically diverse presence. CyrusOne
also expects to benefit from significant operating leverage as the
combined company expands within these markets as well as into new
markets. CyrusOne currently has development sites in process across
London, Dublin, Frankfurt and Amsterdam that, when combined with Zenium,
would result in a total prospective European footprint of nearly 250 MW.

CyrusOne financed the Zenium acquisition with proceeds from its $300
million delayed draw term loan and borrowings under its $1.7 billion
revolving credit facility. CyrusOne also assumed approximately $85
million of debt outstanding under Zenium's EUR-denominated credit

Forward Looking Statements

This release contains forward-looking statements regarding future events
and our future results that are subject to the "safe harbor" provisions
of the Private Securities Litigation Reform Act of 1995. All statements,
other than statements of historical facts, are statements that could be
deemed forward-looking statements. These statements are based on current
expectations, estimates, forecasts and projections about the industries
in which we and our customers operate and the beliefs and assumptions of
our management. Words such as "expects," "anticipates," "predicts,"
"projects," "intends," "plans," "believes," "seeks," "estimates,"
"continues," "endeavors," "strives," "may," "will", variations of such
words and similar expressions are intended to identify such
forward-looking statements. In addition, any statements that refer to
projections of our future financial or operating performance, our
anticipated growth and trends in our and our customers' industries and
businesses, and other characterizations of future events or
circumstances are forward-looking statements. Readers are cautioned
these forward-looking statements are based on current expectations and
assumptions and are subject to risks and uncertainties, which could
cause our actual results to differ materially and adversely from those
reflected in the forward-looking statements. Factors that could cause or
contribute to such differences include, but are not limited to, the
Company's ability to successfully integrate the Zenium acquisition and
execute and integrate its organic site acquisition and further expansion
initiatives, and those discussed in other documents we file with the
Securities and Exchange Commission (SEC). More information on potential
risks and uncertainties is available in our recent filings with the SEC,
including CyrusOne's Form 10-K report, Form 10-Q reports, and Form 8-K
reports. Actual results may differ materially and adversely from those
expressed in any forward-looking statements. Forward-looking statements
made in this release speak only as of the date of this release and we
undertake no obligation to revise or update any forward-looking
statements for any reason.

About CyrusOne

CyrusOne (NASDAQ:CONE) is a high-growth real estate investment trust
(REIT) specializing in highly reliable enterprise-class, carrier-neutral
data center properties. The Company provides mission-critical data
center facilities that protect and ensure the continued operation of IT
infrastructure for approximately 1,000 customers, including 201 Fortune
1000 companies.

With a track record of meeting and surpassing the aggressive
speed-to-market demands of hyperscale cloud providers, as well as the
expanding IT infrastructure requirements of the enterprise, CyrusOne
provides the flexibility, reliability, security, and connectivity that
foster business growth. CyrusOne offers a tailored, customer
service-focused platform and is committed to full transparency in
communication, management, and service delivery throughout its 43 data
centers worldwide. Additional information about CyrusOne can be found at

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