IBL Ltd. informed its noteholders, the noteholders' representative and the public in general that, it has approved: An update of its MUR 10,000,000,000 multicurrency medium term note programme memorandum dated 9 August 2017, as first amended on 18th December 2019 (the "Programme Memorandum"); Subject to applicable laws and under the Programme Memorandum, an issue of notes of up to MUR 3,000,000,000 (the "Notes Issue") under a private placement to eligible investors.