eir announces intention to amend existing Senior Loan Facilities

(Issued Tuesday, 26th July 2016) eir has today announced plans to make certain amendments to its existing Senior Loan Facilities. As part of the amendment package, eir will look to increase certain operational flexibility by aligning current terms and covenants in the Senior Loan Facilities to those of comparable market precedents and its bond documentation. An investor call for lenders under the existing Senior Loan Facilities is scheduled for 3:30 p.m. (London time) on Tuesday 26th July 2016 with responses on eir's request to amend the Senior Loan Facilities due by Wednesday 10th August 2016. The proposed amendments to the Senior Loan Facilities will be subject to the approval of the requisite lenders thereunder.

ENDS

For media queries, please contact:

Paul Bradley

Director of Corporate Affairs

eir

Tel: +353 1 600 4281       

Mobile: +353 85 174 4281

Paul.bradley@eir.ie

Chris Barrie                                             Niamh Boyle

Citigate Dewe Rogerson                            The Reputations Agency

Executive Director                                    Managing Director

Tel: +44 20 7638 9571                             Tel: +353 1 661 8915

Mob: +44 7968 727 289                            Mob: +353 87 248 1476

Chris.barrie@citigatedr.co.uk                     Niamh@thereputationsagency.ie           

For investor relations queries, please contact:

Michelle Bennett

eir

Head of Investor Relations,

Mob: 085 174 5699

michelle.bennett@eir.ie

For more information on today's announcement, please visit our Investor Relations site:

https://www.eir.ie/investorrelations/

26 July 2016