MTN (Mauritius) Investments Limited - Tender Offer - Results

MTN (Mauritius) Investments Limited announces results of its 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)

15 NOVEMBER 2023

Full announcement including disclaimers and offer restrictions available via Euronext

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"In accordance with the terms of the Offer, the withdrawal deadline was 5:00 p.m., New York City time, on 14 November 2023. As a result, tendered Notes may no longer be withdrawn. The Expiration Deadline for the Offer was 5.00p.m. New York City time on 14 November 2023. The Guaranteed Delivery Deadline for the Offer is 5.00p.m. New York City time on 16 November 2023.

The Company hereby announces that as at the Expiration Deadline, the Company had received valid and not withdrawn tenders of US$353,097,000 in aggregate nominal amount of the Notes for purchase. No Notes were tendered pursuant to the Guaranteed Delivery Procedures. The Company will accept for purchase all Notes validly tendered pursuant to the Offer prior to the Expiration Deadline.

The Purchase Price will be 100.00 per cent. of the nominal amount of the Notes and the Company will also pay Accrued Interest Payments for all Notes accepted for purchase pursuant to the Offer.

In accordance with the Tender Offer Memorandum, the expected Settlement Date for the Offer is 16 November 2023. Following settlement of the Offer US$96,903,000 in aggregate nominal amount of the Notes will remain outstanding."

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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). "

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"Summary

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

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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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