December 22, 2020

Cable Bahamas Limited (CAB) has advised that the Company has exercised its option for early redemption of its Series 11 Preference Shares in full accordance with the terms and conditions of CAB’s Confidential Private Placement Memorandum dated 15 June 2016. The early redemption date is set to 29 December 2020 (the “Early Redemption Date”). The redemption amount, together with accrued and unpaid interest up to and including the Early Redemption Date, will be paid to each registered holder on the Early Redemption Date. The notice of early redemption is effective as at 30 September 2020. As a result of the early redemption of the Series 11 Preference Shares, CAB will be delisting from the Exchange pursuant to JSE Rule 411B.

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