Proximus SA — M&A Activity 2021

Nov 30, 2021

Proximus answers to press coverage on future plans for TeleSign

Responding to an article published by specialized M&A press earlier today, Proximus confirms it has initiated preliminary discussions regarding a potential strategic transaction involving TeleSign, a US based, 100% owned affiliate of Proximus, a leading mobile digital identity player, active in fraud management, authentication and secure CPaaS.

As indicated in the press release of 9 February 2021, Proximus is committed to support TeleSign on its fast growth path as a leading authentication and digital identity player. To achieve this, Proximus has been exploring different strategic options to unlock the full value of TeleSign while keeping majority ownership.

A public listing through a SPAC merger has indeed come out of this process as one of the potential strategic routes that Proximus is currently exploring. The process is still ongoing and several steps need to be taken to finalize. The company will not further comment at this stage.

More info at www.proximus.com/press

Press Relations department: +32 2 202 44 44

Haroun Fenaux	Fabrice Gansbeke
+32 476 60 03 33	+32 472 050 702

Investor Relations department: +32 2 202 82 41

investor.relations@proximus.com

About Proximus

Proximus Group (Euronext Brussels: PROX) is a provider of digital services and communication solutions operating in the Belgian and international markets. Delivering communication and entertainment experiences for residential consumers and enabling digital transformation for enterprises, we open up a world of digital opportunities, so people live better and work smarter. Thanks to advanced interconnected fixed and mobile networks, Proximus provides access anywhere and anytime to digital services and data, as well as to a broad offering of multimedia content. Proximus is a pioneer in ICT innovation, with integrated solutions based on IoT, data analytics, cloud and security.

Proximus has the ambition to become the reference operator in Europe through next generation networks, a truly digital mindset and a spirit of openness towards partnerships and ecosystems, while contributing to a safe, sustainable, inclusive and prosperous digital Belgium.

In Belgium, Proximus' core products and services are offered under the Proximus, Mobile Vikings and Scarlet brands. The Group is also active in Luxembourg as Proximus Luxembourg SA, under the brand names Tango and Telindus Luxembourg, and in the Netherlands through Telindus Netherlands. The Group's international carrier activities are managed by BICS, a leading international communications enabler, one of the key global voice carriers and the leading provider of mobile data services worldwide. With TeleSign, the Group also encompasses a fast-growing leader in digital identity services, serving the world's largest internet brands, digital champions and cloud native businesses.

With 11,423 employees, all engaged to offer customers a superior experience, the Group realized an underlying Group revenue of EUR 5,479 million end-2020.

For more information, visit www.proximus.com and www.proximus.be.