VEON announces early tender results

13/06/2017

13 Jun 2017

VEON announces early tender results Amsterdam, 13 June 2017 - VimpelCom Holdings B.V. (the Company ), a wholly-owned subsidiary of VEON Ltd. ( VEON ), today announces the aggregate principal amount of Notes (as defined below) validly tendered and not validly withdrawn pursuant to the Company's previously announced cash tender offer (the Offer , subject to the terms and conditions set out in the offer to purchase dated 30 May 2017 (the Offer to Purchase )) prior to the Early Tender Time. The table below sets forth the principal amount validly tendered and not validly withdrawn pursuant to the Offer as at the Early Tender Time of each of the (i) U.S.$1,000,000,000 9.125% Loan Participation Notes due 2018 issued by, but with limited recourse to, VIP Finance Ireland Limited (the 2018 Notes ), (ii) U.S.$1,000,000,000 7.748% Loan Participation Notes due 2021 issued by, but with limited recourse to, VIP Finance Ireland Limited (the 2021 Notes ) and (iii) U.S.$1,500,000,000 7.5043% Guaranteed Notes due 2022 issued by the Company (the 2022 Notes and together with the 2018 Notes and the 2021 Notes, the Notes ). Capitalised terms used but not otherwise defined in this announcement have the same meanings given to them in the Offer to Purchase.

Description of the Notes ISIN CUSIP Early Tender Purchase PricePer U.S.$1,000 Principal amount outstanding Amount tendered at or prior to the Early Tender Time

U.S.$1,000,000,000 9.125% Loan Participation Notes issued by VIP Finance Limited (the 2018 Notes) US918242AB40 (Rule 144A)/

XS0361041808 (Reg S) 918242 AB4 U.S.$1,070.00 U.S.$499,149,000 U.S.$332,881,000

U.S.$1,000,000,000 7.748% Loan Participation Notes issued by VIP Finance Ireland Limited (the 2021 Notes) US918242AD06 (Rule 144A)/

XS0587031096 (Reg S) 918242 AD0 U.S.$1,151.25 U.S.$650,570,000 U.S.$273,865,000

U.S.$1,500,000,000 7.5043% Guaranteed Notes issued by VimpelCom Holdings B.V. (the 2022 Notes) US92718WAB54 (Rule 144A)/

XS0643183220 (Reg S) 92718W AB5 U.S.$1,156.25 U.S.$1,280,023,000 U.S.$650,685,000

Total - - - U.S.$2,429,742,000 U.S.$1,257,431,000

The Offer will finally expire on 27 June 2017 at 4:59 a.m. London time (26 June 2017 at 11:59 p.m. New York City time), unless extended (such time and date, as the same may be extended, the Expiration Time ). Tenders of Notes received after the Early Tender Time may not be withdrawn or revoked.

On 14 June 2017, the Company will announce whether the conditions to the Offer, including the Financing Condition, are expected to be satisfied or waived.

Subject to the conditions to the Offer, including the Financing Condition, being satisfied or waived, and to valid tenders of Notes being accepted by the Company, on 19 June 2017, holders of the Notes who validly tendered and did not withdraw their Notes before the Early Tender Time shall receive the applicable Early Tender Purchase Price, plus accrued and unpaid interest on Notes accepted for purchase from and including the last interest payment date applicable to such Notes to, but excluding, the Early Payment Date ( Accrued Interest ), rounded upwards or downwards, at the Company's discretion, to the nearest cent.

On 27 June 2017, the Company will announce the principal amount of Notes of each series accepted for purchase and the aggregate principal amount of Notes that will remain outstanding following completion of the Offer.

On a date promptly following the Expiration Time, which is expected to be on or about 29 June 2017, and subject to the satisfaction or waiver of the conditions to the Offer, the holders of the Notes will be paid the Final Purchase Price plus Accrued Interest in respect of all Notes validly tendered after the Early Tender Time but at or prior to the Expiration Time. The above times and dates are subject to the rights of the Company to extend, re-open, amend, waive in whole or in part any condition to, withdraw and/or terminate any or all of the Offer (subject to applicable law).

For Further Information

A complete description of the terms and conditions of the Offer is set out in the Offer to Purchase.

The Company has retained Barclays Bank PLC, Credit Suisse Securities (Europe) Limited and Merrill Lynch International (together, the Dealer Managers ) to serve as the dealer managers and Lucid Issuer Services Limited to serve as the tender agent (the Tender Agent ) for the Offer.

Requests for documents may be directed to the Tender Agent, Lucid Issuer Services Limited, at (Telephone: 44 20 7704 0880; Email: veon@lucid-is.com). Questions regarding the Offer may be directed to Barclays Bank PLC, at (Telephone: (800) 438-3242 (toll free) or (212) 528-7581 (collect) within the U.S. and 44 20 3134 8515 outside the U.S.; Email: veon.tender@barclays.com); Credit Suisse Securities (Europe) Limited, at (Telephone: (800) 820-1653 (toll free) or (212) 538-2147 (collect) within the U.S. and 44 20 7883 8763 / 44 20 7888 9350 outside the U.S.; Email: liability.management@credit-suisse.com); or Merrill Lynch International, at (Telephone: (888) 292-0070 (toll free) or (980) 388-3646 (collect) within the U.S. and 44 20 7996 5240 outside the U.S.; Email: DG.LM_EMEA@baml.com).

DISCLAIMERS

This announcement must be read in conjunction with the Offer to Purchase. This announcement is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell with respect to the Notes, nor is this announcement an offer to sell, a solicitation to buy or an offer to purchase or sell any securities. The Offer is being made only pursuant to the Offer to Purchase and only in such jurisdictions as is permitted under applicable law.

Forward-Looking Statements

The Company considers portions of this announcement and the Offer to Purchase and the documents incorporated by refere

LINK:	http://www.vimpelcom.com/Media-center/Press-releases/2017/Veon-announc...
	See more stories from vimpel

Most recent headlines

05/01/2027

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be demoed at CES 2026

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...

01/06/2026

Dolby Sets the New Standard for Premium Entertainment at CES 2026

January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026 Throughout the week, Dolby brings to life the latest innovatio...

02/05/2026

Dalet Flex LTS Delivers Smarter Search, Faster Editing, and an AI-Ready Foundation for Modern Media

Dalet, a leading technology and service provider for media-rich organizations, t...

01/05/2026

NBCUniversal's Peacock to Be First Streamer to Integrate Dolby's Full Suite of Premium Picture and Sound Innovations

January 5 2026, 18:30 (PST) NBCUniversal's Peacock to Be First Streamer to ...

01/04/2026

DOLBY AND DOUYIN EMPOWER THE NEXT GENERATON OF CREATORS WITH DOLBY VISION

January 4 2026, 18:00 (PST) DOLBY AND DOUYIN EMPOWER THE NEXT GENERATON OF CREATORS WITH DOLBY VISION Douyin Users Can Now Create And Share Videos With Stun...

18/03/2026

Net Insight Names Larissa GrnerMeeus CPO

Newly named chief product officer (CPO), Larissa G rner Meeus will return to Net Insight on May 4. Larissa G rner Meeus will become CPO of Net Insight on May 4...

18/03/2026

SVG Europe's The Football Summit 2026: Select Sessions Now Available to Watch on SVG PLAY

SVG Europe's The Football Summit 2026 explored how the sports broadcasting i...

18/03/2026

SVG's SportsTech@NABShow Blog Goes Live as Countdown to Vegas Heats Up

The 2026 NAB Show kicks off one month from today and SVG is once again set to cover the show from every angle. SVG's SportsTech@NAB Show Blog is now live - ...

18/03/2026

The Premiere of Dead Lover Showcases Grave Robbing and Sex With a Giant Finger

(L-R) The cast and crew of Dead Lover at The Ray Theater for its premiere at the 2025 Sundance Film Festival. (Photo by Robin Marshall/Shutterstock for Sundan...

18/03/2026

Music Row Piano from Wiltone Productions

Yamaha C7 captured in Nashville Wiltone Productions have announced the release of Music Row Piano, a deeply sampled Yamaha C7 piano library that's been ...

18/03/2026

Techivation introduce T-Warmer Mk2

Bass-enhancement plug-in upgraded Along with a steady stream of new releases, Techivation have recently been revisiting some of the older plug-ins in their ...

18/03/2026

Tonal Balance Control 3 from iZotope

Mix-reference plug-in overhauled iZotope's powerful mix-referencing plug-in has just reached its third major version, and now boasts a new capture proce...

18/03/2026

Toontrack Transistor Organ EKX

Latest EZKeys 2 expansion arrives Toontrack's staggering collection of EZKeys 2 expansions has grown once again, and the latest instalment delivers a on...

18/03/2026

Jess Ho explores the politics of food in new SBS Audio podcast For The Culture

Jess Ho explores the politics of food in new SBS Audio podcast For The Culture 18 March, 2026 Media releases New SBS Audio podcast For The Culture, hosted ...

18/03/2026

Future-ready broadcasts with ATSC 3.0 and enhanced services from Rohde & Schwarz at NAB 2026

Future-ready broadcasts with ATSC 3.0 and enhanced services from Rohde & Schwarz...

18/03/2026

LCTWS 2026

London Calling - When The Industry Convened to Help Streaming Find its MoJo In this blog, Laura Rognoni reflects on key discussions from the Connected TV World...

18/03/2026

SMPTE Unveils 2026 NAB Show Educational Presentations

SMPTE Unveils 2026 NAB Show Educational Presentations Brie Clayton March 18, 2026 0 Comments SMPTE , the home of media professionals, technologists, a...

18/03/2026

Auditel Ad Campaign Shot on Blackmagic PYXIS 12K

Auditel Ad Campaign Shot on Blackmagic PYXIS 12K Brie Clayton March 18, 2026 0 Comments LED wall virtual production blends 12K open gate acquisition w...

18/03/2026