Everything Everywhere Finance plc prices a €500 million Eurobond

Everything Everywhere Ltd announces that its subsidiary Everything Everywhere Finance plc has priced a Eurobond offering for a total of €500 million. London. 31 January 2012 

Currency

Format

Term

Notional

Coupon

Re-offer spread (vs mid swap)

Guarantor

EUR

Fixed

5 years

500 million

3.500%

205 bps

Everything Everywhere Ltd

This is Everything Everywhere Finance plc's inaugural issue of a bond under the company's Euro Medium Term Note Programme.

Barclays Capital, Mitsubishi UFJ Securities, Morgan Stanley and The Royal Bank of Scotland acted as Bookrunners. Settlement of the offering is expected to occur on 6th February 2012, subject to customary conditions.

Everything Everywhere Chief Financial Officer, Neal Milsom, commented:

"Everything Everywhere has successfully accessed the international debt markets, with a €500 million 5 year bond. This issuance represents the company's inaugural capital markets transaction and a high quality and substantially oversubscribed order book illustrates the interest among European fixed income investors in the Everything Everywhere business. The bond programme is part of the ongoing process of diversifying our sources of funding, and we are delighted to have established ourselves so successfully as a borrower in the international capital markets."

This press release is for information purposes only and does not constitute a prospectus or offering memorandum or an offer to acquire any securities and is not intended to provide the basis for any credit or any third party evaluation of the securities identified above which are proposed to be issued (the "Securities") or any related transactions (the "Transactions") and should not be considered as a recommendation that any investor should subscribe for or purchase any of the Securities.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes in the United States or any other jurisdiction, nor shall there be any sale of the notes in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under applicable securities laws. The notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"). The notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. (For these purposes, "United States" means the United States of America, its territories and possessions, any State of the United States, and the District of Columbia.)

This press release is not an invitation nor is it intended to be an inducement to engage in investment activity for the purpose of section 21 of the Financial Services and Markets Act 2000 of the United Kingdom (the "FSMA"). To the extent that this press release does constitute an inducement to engage in any investment activity, it is directed solely at persons who (i) are outside the United Kingdom or (ii) are investment professionals within the meaning of article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Financial Promotion Order") or (iii) are persons falling within article 49(2)(a) to (e) of the Financial Promotion Order or (iv) is a person to whom such communication may otherwise lawfully be made in accordance with the Financial Services and Markets Act 2000 and the Financial Promotion Order (all such persons together being referred to as "relevant persons").  This communication must not be acted on or relied on by persons who are not relevant persons.  Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons.

This press release is not an offer, or an invitation to make offers, sell, purchase, exchange or transfer any securities in Russia or to or for the benefit of any Russian person, and does not constitute an advertisement or offering of the notes in Russia within the meaning of Russian securities laws and must not be distributed in Russia. The notes have not been and will not be registered in Russia or admitted to placement and/or circulation in Russia. The notes are not intended for "offering", "placement" or "circulation" in Russia (each as defined in Russian securities laws).

-ends-

Contact:

Dan Perlet

Head of Corporate Communications

dan.perlet@everythingeverywhere.com

+44 7837 969 792

About Everything Everywhere Limited

Everything Everywhere Limited is the company running two of the UK's most famous brands – T-Mobile (UK) and Orange (UK).

Owned jointly by Deutsche Telekom and France Telecom, Everything Everywhere is the UK’s biggest communications company, with a combined customer base of over 27 million people and more than 700 retail stores across the country.

Everything Everywhere plans to transform the industry by giving customers instant access to everything everywhere, offering the best value, best choice and best network experience in the country.

For more information on Everything Everywhere please call the Media Centre on 0870 373 1500, or visit www.everythingeverywhere.com