Digicel Limited Prices US$250 Million Placement of Senior Notes

Market Wire

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KINGSTON, JAMAICA -- (Marketwire) -- 06/30/09 -- Digicel Limited, today announced it has priced the placement of US$250 million of 12% senior notes due 2014. Digicel Limited is a Bermuda incorporated company owned by Mr. Denis O'Brien.

The placement was priced at 99.5% and comprises $160 million primary issuance and a further $90 million secondary offering of existing 12% senior notes due 2014 currently held by Mr. Denis O'Brien.

The use of proceeds of this offering will be for general corporate purposes, including debt service and acquisitions, and allows the company to increase its overall liquidity position.

The transaction is due to close on July 7, 2009.

The notes have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

ABOUT DIGICEL GROUP

Since its launch in 2001, Digicel has become the largest wireless telecommunications operator in the Caribbean with more than seven million customers. After seven years, Digicel is renowned for competitive rates, unbeatable coverage, superior customer care, a wide variety of products and services and state-of-the-art handsets. By offering innovative wireless services and community support, Digicel has become a leading brand in the Caribbean and has placed the region at the cutting-edge of wireless communications -- the company is also a new entrant to the Central American market.

Digicel is incorporated in Bermuda and now has operations in 31 markets worldwide. Its Caribbean and Central American markets comprise Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda, Bonaire, the British Virgin Islands, the Cayman Islands, Curacao, Dominica, El Salvador, French Guiana, Grenada, Guadeloupe, Guyana, Haiti, Honduras, Jamaica, Martinique, Panama, St Kitts & Nevis, St. Lucia, St. Vincent & the Grenadines, Suriname, Trinidad & Tobago and Turks & Caicos. The Caribbean company also has coverage in St. Martin and St. Barths. Digicel Pacific comprises Fiji, Papua New Guinea, Samoa, Tonga and Vanuatu.

Visit www.digicelgroup.com for more information on Digicel Group.

Contact:
Antonia Graham
Digicel
+ 1 876 564 1708

antonia.graham@digicelgroup.com

MARKET WIRE

2009-06-30 18:43:47