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Magyar Telecom B.V. Announces Completion of Its Restructuring

Magyar Telecom B.V. (the “Company”):

Completion of the Restructuring

Following the grant of the Chapter 15 Order and the satisfaction of all other Scheme Conditions, the Effective Date of the Restructuring occurred yesterday (12 December 2013) and the Restructuring has been completed. Note Creditors who have submitted a valid Account Holder Letter to the Information Agent should have received their Restructuring Consideration Entitlements and/or Cash Option Entitlement (as applicable) yesterday (12 December 2013). Note Creditors who signed or acceded to the Restructuring Agreement should expect to receive their Consent Fee (as defined in the Restructuring Agreement) today (13 December 2013).

Questions relating to Restructuring Consideration Entitlements or Consent Fees should be directed to the Information Agent, whose details are set out below.

Issuance of New Notes, Shares and Units

The Restructuring Consideration Entitlements consist of notes (the “Notes”) issued by the Company and shares (the “Shares”) issued by Matel Holdings Limited which owns 49% of the Company. The Notes and the Shares are stapled into units (the “Units”) and trade together as the Units for the period of two years commencing on the Effective Date (unless amended in accordance with their terms). The Units have been listed and admitted to trading on the Luxembourg Stock Exchange today (13 December 2013) and have the following ISIN numbers:

Units:
Reg. S: XS0985879187
144A: XS0985879260

Once the Units are separated in accordance with their terms, the Notes and the Shares will be available for separate trading and will have the following ISIN numbers:

Notes:
Reg. S: XS0985874626
144A: XS0985875276

Shares:
Reg. S: XS0985878379
144A: XS0985878452

Company’s former notes (Reg. S XS0473176658; Rule 144A ISIN XS0473176906) have been cancelled and de-listed from the Luxembourg Stock Exchange.

Coupon Payment

The first coupon payment on the Notes (the “Coupon Payment”) is due on 16 December 2013. The Company has deposited the Coupon Payment with the Paying Agent today (13 December 2013).

The capitalised terms not otherwise defined herein are defined in the explanatory statement available to Note Creditors from the Company’s information agent, Lucid Issuer Services Limited, whose contact details are provided below.

Contact Details

In case of any enquiries, please contact one of the advisers below:

  Company Advisers

Houlihan Lokey (Europe) Limited

Chris Foley

Tel: +44 20 7747 2717

Email: [email protected]

 

White & Case LLP

Stephen Phillips

Tel: +44 20 7532 1221

Email: [email protected]

Information Agent

Lucid Issuer Services Limited

Sunjeeve Patel / Thomas Choquet

Tel: +44 20 7704 0880

Email: [email protected]

Noteholder Group Advisers

Moelis & Company
Charles Noel-Johnson
Tel: +44 20 7634 3500
Email: [email protected]

 

Rohan Choudhary

Tel: +44 20 7634 3660

Email: [email protected]

Bingham McCutchen (London) LLP
Neil Devaney

Tel: +44 20 7661 5430

Email: [email protected]

 

James Terry

Tel: +44 20 7661 5310

Email: [email protected]

 

About Magyar Telecom B.V.

Magyar Telecom B.V. is a private company with limited liability incorporated in the Netherlands and registered at the Chamber of Commerce (Kamer van Koophandel) for Amsterdam with number 33286951 and registered as an overseas company at Companies House in the UK with UK establishment number BR016577 and its address at 6 St Andrew Street, London EC4A 3AE, United Kingdom (Telephone: +44 20 7832 8936, Fax: +44 20 7832 8950).

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