VEON Ltd. Tender Offer Upsize Announcement

VEON MidCo B.V. has announced an upsizing of its tender offer for its outstanding U.S.$1,013,973,000 3.375 per cent. Notes due 2027. The Maximum Aggregate Purchase Price has been increased from U.S.$750,000,000 to U.S.$875,000,000. This means the company now proposes to accept Notes validly tendered up to an aggregate purchase price of U.S.$875,000,000. The Early Tender Offer Purchase Price is U.S.$987.50 per U.S.$1,000 principal amount of Notes, and the Tender Offer Purchase Price is U.S.$957.50 per U.S.$1,000 principal amount. Accrued and unpaid interest will be paid in addition to the purchase price. The tender offer is subject to the satisfaction or waiver of the New Financing Condition and other conditions outlined in the tender offer memorandum. The announcement also details distribution and offer restrictions in various jurisdictions, including the UK, France, and Italy, and provides contact information for the Dealer Managers and the Information and Tender Agent.