PPF SEEKS 2.3 BILLION-EURO LOAN FOR TELEFONICA CZECH PURCHASE

     (The following press release from SocGen was received by e-mail. The  sender verified the statement.)  PPF Group to acquire majority shareholding in Telefónica Czech Republic, a.s.  On 5th November, 2013, PPF Group NV (“PPF”) entered into an agreement to  acquire a 65.9% shareholding in Telefónica Czech Republic, a.s., including its  100%-owned subsidiary Telefónica Slovakia, s.r.o., (“Telefonica CR/SK”, or the  “Company”), from Telefónica, S.A (“Telefonica”). Subsequently, PPF will launch  a Mandatory Tender Offer in order to bid for the remaining shares (the  “Transaction”). Telefonica will retain a 4.9% stake in the Company post  Transaction.  PPF will finance the Transaction through an equity tranche of CZK 35.5 billion  (EUR 1.4 billion) and a EUR 2,288 million syndicated loan. In this regard, PPF  has mandated Societe Generale Corporate & Investment Banking  as Coordinating  Mandated Lead Arranger.  Societe Generale Corporate & Investment Banking  together with Citi, Credit Agricole CIB, Deutsche Bank AG, London Branch, ING  Bank N.V., KBC Bank NV/Československá obchodní banka, a.s., The Royal Bank of  Scotland plc and UniCredit Bank Austria AG have arranged and fully underwritten  EUR 2,288 million of senior secured credit facilities in support of the  Transaction. The Banks will act jointly as Underwriters, Mandated Lead  Arrangers and Bookrunners.   Headquartered in Prague, Telefonica CR/SK is the largest integrated  telecommunications operator in the Czech Republic, offering a comprehensive  range of both fixed and mobile voice, data and internet services. The Company  has also been offering mobile services to customers in Slovakia since 2007. It  operates more than seven million lines, both fixed and mobile, making it one of  the leading providers of fully converged services in Europe. In 2012, the  Company generated revenues and EBITDA of CZK 50,534 million and CZK 19,781  million, respectively.  PPF is a privately held international investment group and one of the largest  investors in Central and Eastern Europe, with assets totalling EUR 22.113  billion (as at 30 June 2013).  Kind regards  Ila  Ila Kotecha Media Relations Manager Communications SG House, 41 Tower Hill London EC3N 4SG Tel.: 44 (0) 20 7676 6804 Mob.: 44 (0) 7770 721 187 ila.kotecha@sgcib.com www.sgcib.com