Thursday, 22 September 2011

True Move received approx $459 million of its 10.75% Guaranteed Notes

September 22, 2011 – True Move Company Limited (the “Company”) announced today that it has received approximately $459 million aggregate principal amount of its 10.75% Guaranteed Notes due 2013 (CUSIP No. 89784VAA4, ISIN No. US89784VAA44, Common Code No. 027906982 (Rule 144A)) (CUSIP No. Y31939AA2, ISIN No. USY31939AA20, Common Code No. 027907067 (Reg S)) (the “2013 Notes”) and approximately $214 million aggregate principal amount of its 10.375% Guaranteed Notes due 2014 (CUSIP No. 89784VAC0, ISIN No. US89784VAC00, Common Code No. 031407796 (Rule 144A)) (CUSIP No. Y31939AC8, ISIN No. USY31939AC85, Common Code No. 031407923 (Reg S)) (the “2014 Notes,” and collectively with the 2013 Notes, the “Notes”) validly tendered by 5:00 p.m., New York City time, on September 20, 2011 (the “Early Tender Deadline”), and has received consents from holders of approximately 98% of the $465,000,000 aggregate outstanding principal amount of the 2013 Notes and from holders of approximately 95% of the $225,000,000 aggregate outstanding principal amount of the 2014 Notes as of the Early Tender Deadline.

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