GO plc - Transfer of Shares in Forthnet S.A.

On 29 July, GO plc announced that, within the framework of GO’s sales process to TT ML Limited, Forgendo Limited (the 50:50 joint venture company between GO and Emirates International Telecommunications (Malta) Limited (EITML)), has transferred its entire shareholding in the Greek telecommunications operator Forthnet S.A. to GO and EITML for a nil consideration. As a result, GO is now the direct owner of 22,720,237 shares in Forthnet and EITML is now the direct owner of 22,720,236 shares in Forthnet.

The above share transfers have been carried out as part of a restructuring process, which will include the voluntary liquidation of Forgendo, to ensure that GO will be able to manage and take all decisions with regard to its investment in Forthnet entirely independently of EITML.