Reliance Communications Limited — Capital/Financing Update 2018

Aug 24, 2018

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RELIANCE COMMUNICATIONS HOLDERS OF US$ 300 MN BONDS APPROVED THE TENDER AND EXCHANGE OFFER WITH OVERWHELMING MAJORITY OF OVER 83%

BONDHOLDERS TO RECEIVE CASH PROCEEDS UPTO US$ 118 MN

BONDHOLDERS TO ALSO GET US$ 55 MN BONDS OF GLOBAL CLOUD XCHANGE

GLOBAL CLOUD XCHANGE BONDS WILL BE UNSECURED AND HAVE COUPON OF 0.1% WITH MATURITY OF 4 YEARS

Mumbai, August 24, 2018 : Reliance Communications Limited (RCOM) Bond holders, approved the Tender and Exchange offer of US$ 300 million Bonds with overwhelming majority of over 83%, at their meeting held today on August 24, 2018, at London,

Pursuant to the Offer as approved, the Bond Holders will receive cash proceeds upto US$ 118 mn. The Bond Holders will also get US$ 55 million Bonds to be issued by Global Cloud Xchange Limited (holding Company of GCX), a foreign subsidiary of RCOM.

The New Bonds of Global Cloud Xchange will be unlisted, unsecured and shall have half yearly coupon of 0.1% with maturity of four years.

For details, please contact: Rajeev Narayan Reliance Communications Mobile: +91 9310414119 E-Mail: rajeev.narayan@relianceada.com

Reliance Communications Limited, Registered Office: H, Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai – 400 710 Tel: 022-3038 6286, Fax: 022-3037 6622 CIN No: L45309MH2004PLC147531