iliad SA announced the launch of a tender offer on its outstanding ?600,000,000, 0.750% Bonds due 11 February 2024 and its ?650,000,000, 1.500% Bonds due 14 October 2024, admitted to trading on the Luxembourg Stock Exchange (the ?Existing Bonds?) (the ?Tender Offer?) and its intention to issue new Euro denominated senior unsecured bonds (the ?New Bonds?), subject to market conditions. The Tender Offer is subject to a maximum acceptance amount which is expected to be equal to the aggregate principal amount of the New Bonds. A mechanism of priority allocation in the New Bonds may be applied at the so?e and abs?lute discretion of the Company for holders of the Existing Bonds who participate in the Tender Offer and who wish to subscribe to the New Bonds.

The Tender Offer is being made on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 6 December 2023. The Tender Offer is subject, among other conditions, to the successful completion of the issuance of the New Bonds. The purpose of the Tender Offer is, amongst other things, to proactively manage the Company?s debt profile and to extend its average maturity.