Airtel Africa PLC

Capital/Financing Update • Jul 8, 2022

National Storage Mechanism | Additional information

RNS Number : 7701R

Airtel Africa PLC

08 July 2022

Airtel Africa plc

('Airtel Africa', or the 'Group')

Settlement of Cash Tender Offer in respect of Outstanding Senior Notes

London and Lagos, 8 July 2022: Further to our announcement of 22 June 2022, Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today confirms the settlement of the previously announced cash tender offer to redeem up to $450m of the $1 billion of 5.35% Guaranteed Senior Notes due 2024 ('Notes') by its subsidiary, Bharti Airtel International (Netherlands) B.V., ('BAIN').

An aggregate principal amount of $450m of Notes have been accepted for purchase for a total of $462.6m. All Notes accepted for purchase have been cancelled ahead of their maturity in May 2024. The original cap on the redemption of $300m, as mentioned in the release of 22 June, was increased on 6 July 2022 as BAIN, in its sole discretion, decided to achieve a larger debt reduction through the use of cash resources.

This early redemption has been made out of the Group's cash reserves and is in line with our strategy of reduction of external foreign currency debt at Group level.

-ENDS-

Enquiries

Airtel Africa - Investor Relations Pier Falcione Morten Singleton Investor.relations@africa.airtel.com	+44 7446 858 280 +44 7464 830 011 +44 207 493 9315
Hudson Sandler Nick Lyon Emily Dillon airtelafrica@hudsonsandler.com	+44 207 796 4133

About Airtel Africa

Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.

Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.

The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.

www.airtel.africa

No offer or invitation to acquire or exchange any Notes is being made pursuant to this announcement. This announcement and any related documents do not constitute an offer to buy or the solicitation of an offer to sell securities in any circumstances or jurisdictions in which such offer or solicitation is unlawful.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

FURUPUQPMUPPPPM