€3.7BN REFINANCING DELIVERS €60m SAVINGS

About this update from Zegona Communications Plc

€3.7BN REFINANCING DELIVERS €60m SAVINGS 26 June 2026                                                                                                                    LEI: 213800ASI1VZL2ED4S65 Zegona Communications plc Landmark €3.7bn Refinancing delivers c.€60m1 In Annual Interest Savings   Zegona (LSE: ZEG) announces the successful refinancing of all its existing senior secured notes and senior facilities. Today's transaction delivers annual interest savings of c.€60m and extends the maturity of Zegona's capital structure beyond five years. The €3.7bn refinancing demonstrates global credit investor support for Zegona's strategy since the acquisition of Vodafone Spain. Two years ago, the Company's annual interest cost was €294m, at March 2026 it was €230m, and going forwards it will be only €170m.2 The refinancing will close on 14 July 20263. New Debt Structure ·    New €1,100 million 4.25% Senior Secured Note due 2032 ·    New €1,350 million E+1.75% Bullet Term Loan A due 20314 ·    Amended and extended €1,283 million E+2.00% Term Loan B due 2032 ·    New €500 million E+1.75% Undrawn Revolving Credit Facility The annualised interest cost of the new debt capital structure is €170m. Previous Debt Structure ·    €1,320 million 6.750% Euro Senior Secured Note due 2029 ·    €748 million 8.625% Dollar Senior Secured Note due 20295 ·    €1,665 million E+2.25% Term Loan B due 2029 ·    €500 million E+2.25% Undrawn Revolving Credit Facility Eamonn O'Hare, Chairman and CEO of Zegona, commented, "Today's landmark refinancing demonstrates the strength of our operational execution since the acquisition of Vodafone Spain. This transaction will deliver a c.€60m p.a. reduction in the cost of Zegona's debt, from €230m to a run rate of only €170m. The refinancing demonstrates the credit market support for Zegona and is a recognition of the significant progress in transforming Vodafone Spain over the last two years. Today's announcement marks an important step in...

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