Refinancing Update: Update on support level for the transaction

Further to the announcement on 2nd September, the Company is pleased to announce that additional RCF lenders and bondholders have entered into the binding Lock-Up Agreement supporting the transaction.

As of 16th September 2024, 100% of the RCF and over 97% of bondholders have now signed up to the binding Lock-Up Agreement.

The level of support from lenders means the Company can now implement the transaction consensually via contractual amendments under the RCF and a consent solicitation and exchange offer, which is expected to be the quickest and most cost-effective implementation route.

The Company thanks creditors and stakeholders for their ongoing support and looks forward to closing the transaction in the coming months.

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For further information, please contact:

TalkTalk Press Office

press.office@talktalkplc.com