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MTN (Mauritius) Investments Limited - Tender Offer - Launch

MTN (Mauritius) Investments Limited announces tender offer for its US$750,000,000 4.755 per cent. Notes due 2024 (of which US$450,000,000 remains outstanding) (Regulation S ISIN: XS1128996425 / Rule 144A ISIN: US55377XAA46)

07 NOVEMBER 2023

Full announcement including disclaimers and offer restrictions available via Euronext

"MTN (Mauritius) Investments Limited (the Company) announces today its invitation to the eligible holders of its US$750,000,0000 4.755 per cent. Notes due 11 November 2024 (of which US$450,000,000 remains outstanding) guaranteed by MTN Group Limited, Mobile Telephone Networks Holdings Proprietary Limited, MTN International (Mauritius) Limited, MTN International Proprietary Limited, Mobile Telephone Networks Proprietary Limited and MTN Treasury Limited (together, the Guarantors and each a Guarantor) (the Notes) to tender their Notes for purchase by the Company for cash (the Offer). "



A summary of certain of the terms of the Offer appears below:"


Rationale for the Offer

The purpose of the Offer is to optimise the Company’s debt maturity profile and currency mix. Furthermore, the Offer will provide liquidity to those holders whose Notes are accepted in the Offer. Notes purchased by the Company pursuant to the Offer will be cancelled and will not be re-issued or re-sold. Notes which have not been validly offered and accepted for purchase pursuant to the Offer will remain outstanding. "



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