Everything Everywhere Finance plc prices a £450 million Sterling Bond

Everything Everywhere Ltd announces that its subsidiary Everything Everywhere Finance plc has priced a Sterling bond offering for a total of £450 million.

Currency

Format

Term

Notional

Coupon

Re-offer spread (vs. gilts)

Guarantor

Sterling

Fixed

7 years

450 million

4.375 %

275 bps

Everything Everywhere Ltd

This is Everything Everywhere Finance plc's second bond issue under the company's Euro Medium Term Note programme.

HSBC, J.P. Morgan, Lloyds Bank and The Royal Bank of Scotland acted as Bookrunners. Settlement of the offering is expected to occur on 28th March 2012, subject to customary conditions.

Everything Everywhere Chief Financial Officer, Neal Milsom, commented:

"We are pleased to have successfully accessed the international debt markets, and the strength of the order book reinforces the high level of interest amongst fixed income investors in Everything Everywhere. With this issuance, we continue to effectively progress the process we commenced late last year to diversify our sources of funding."

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 and Financial Affairs

dan.perlet@everythingeverywhere.com

+44 7837 969 792

About Everything Everywhere

Everything Everywhere is the UK's largest communications company, providing mobile and fixed-broadband communications services to more than 27 million customers through the Orange and T-Mobile brands.

It has invested over £15 billion since 2000 building Britain's biggest mobile networks, and plans to invest over £1.5bn in the next three years to further improve its network and introduce fast 4G LTE mobile broadband services. 

Recognised for award-winning customer service, Everything Everywhere employs more than 15,000 people and operates over 720 retail stores across the UK. 

It has revenues equivalent to a FTSE 40 company and is backed by two of the world’s leading global communications groups, Deutsche Telekom and France Telecom, who are equal owners.

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