Digicel Group Limited Amends Its Tender Offer

KINGSTON, Jamaica, Sept. 6, 2012 /PRNewswire/ -- Digicel Group Limited ("Digicel" or the "Company") today announced that it has amended its previously announced cash tender offer for its outstanding 9 1/8% / 9 7/8% senior toggle notes due 2015 (the "Senior Toggle Notes") and its 8 7/8% senior notes due 2015 (the "Senior Notes" and together with the Senior Toggle Notes, the "Notes"). The Company has eliminated the maximum tender amount that applied to the offer to purchase the Senior Notes, and is now offering to purchase any and all of the outstanding Senior Notes that are validly tendered and accepted for purchase in the tender offer. Accordingly, no Senior Notes accepted for purchase in the Offer will be subject to proration.

The Company is not amending the applicable Tender Offer Consideration, Early Tender Premium or Total Consideration being offered for the Senior Toggle Notes or the Senior Notes, which remain as follows:

Except as otherwise set forth in this release, the terms and conditions previously set forth in the Offer to Purchase dated September 5, 2012 (the "Original Offer to Purchase") remain applicable in all respects to the tender offer. You should read the Original Offer to Purchase, as supplemented by the Supplement to the Offer to Purchase, dated September 5, 2012 and the related letter of transmittal before any decision is made with respect to the tender offer.

The Company has retained Citigroup Global Markets Inc. to serve as the dealer manager for the tender offer. Questions regarding the tender offer may be directed to Citigroup Global Markets Inc. at Attn: Liability Management Group, (800) 558-3745 (toll-free), (212) 723-6106 (collect). Requests for documents may be directed to Global Bondholder Services Corporation, the information agent for the tender offer, at (212) 430-3774 (collect) or at (866) 873-5600 (toll-free).

This press release is for informational purposes only and is not an offer to purchase, a solicitation of an offer to purchase or sell the Notes or any other securities, nor shall there be any purchase of our Notes in any state or jurisdiction in which such offer, solicitation or purchase would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Forward Looking Statements

This press release contains forward-looking statements. Actual results may differ materially from those reflected in the forward-looking statements. We undertake no obligation to release publicly the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof, including, without limitation, changes in our business or acquisition strategy or planned capital expenditures, or to reflect the occurrence of unanticipated events.

About Digicel

After 11 years of operation, Digicel has 13.0 million customers across its 30 markets in the Caribbean, Central America and the Pacific. The Company is renowned for delivering best value, best service and best network.

Digicel is the lead sponsor of Caribbean, Central American and Pacific sports teams, including the Special Olympics teams throughout these regions. Digicel sponsors the West Indies cricket team and is also the title sponsor of the Digicel Caribbean Cup. In the Pacific, Digicel is the proud sponsor of several national rugby teams and also sponsors the Vanuatu cricket team.

Digicel also runs a host of community-based initiatives across its markets and has set up Digicel Foundations in Jamaica, Haiti and Papua New Guinea which focus on educational, cultural and social development programmes.

Digicel is incorporated in Bermuda and its markets comprise: Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda, Bonaire, the British Virgin Islands, the Cayman Islands, Curacao, Dominica, El Salvador, Fiji, French Guiana, Grenada, Guadeloupe, Guyana, Haiti, Jamaica, Martinique, Nauru, Panama, Papua New Guinea, Samoa, St Kitts & Nevis, St. Lucia, St. Vincent & the Grenadines, Suriname, Tonga, Trinidad & Tobago, Turks & Caicos and Vanuatu. Digicel also has coverage in St. Martin and St. Barts in the Caribbean.

Visit www.digicelgroup.com for more information.

SOURCE Digicel Group Limited

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