GLOBAL TELECOM HOLDING S.A.E. ANNOUNCES EXTENSION OF EXISTING LOAN AGREEMENT

Amsterdam, 10 December 2017 - Global Telecom Holding S.A.E. ('GTH' or the 'Company') (EGX: GTHE.CA), an Egyptian joint stock company, today announces the entry by the Company into an amendment agreement (the 'Amendment Agreement') to the existing unsecured short-term loan agreement with Citi and ING Bank for a principal amount of U.S.$ 200,000,000 (the 'Loan Agreement'). The Amendment Agreement, among other things, extends the term of the Loan Agreement from 15 December 2017 until 15 June 2018. The interest rate will remain at LIBOR plus 5.00% per annum, and the loan agreement will continue to be guaranteed by two of the Company's fully owned subsidiaries (International Wireless Communications Pakistan Limited and Telecom Ventures Limited). In addition, GTH expects VEON Holdings B.V. to provide guarantee support to Citi and ING in relation to the Company's obligations under the Amendment Agreement.

FORWARD

Global Telecom Holding SAE published this content on 10 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 December 2017 07:17:03 UTC.

Original documenthttp://www.gtelecom.com/ir-news-details?articleId=219701

Public permalinkhttp://www.publicnow.com/view/70921F1E454507DC2118BBD7F310EB5C1FAF588C