NOT FOR DISTRIBUTION IN THE UNITED STATES, AUSTRALIA, JAPAN AND CANADA

Press release
Renens, 12.07.2023

MATTERHORN TELECOM S.A.
Matterhorn Telecom S.A. Announces Pricing of Senior
Secured Notes Offering
Matterhorn Telecom S.A. (the “Company”) today announces the pricing of an offering of CHF 100
million aggregate principal amount of Senior Secured Notes due 2028 (the “Notes”). The Notes werepriced at 100% of their aggregate principal amount and the coupon will be 5.250% per annum (the“Offering”). The Senior Secured Notes have been assigned a rating of 'BB-' by S&P Global Ratings anda rating of 'BB+(EXP)'/'RR2' by Fitch Ratings.
The proceeds from the Offering, together with cash on balance sheet, will be used to (i) redeem inpart, on or after September 15, 2023 and in any event on or prior to September 15, 2024, the €246.5
million aggregate principal amount of 2.625% senior secured notes due 2024 issued by the Companyon September 19, 2019, and (ii) to pay certain fees and expenses relating to the Offering.
The Notes will be guaranteed on a senior basis, subject to certain limitations, by Matterhorn Telecom
Holding S.A. and Salt Mobile SA and secured by first-ranking liens over shares of capital stock of theCompany and Salt Mobile SA, certain bank accounts and intragroup receivables.
Franck Bernard, CFO of Salt commented: “We are delighted with this successful placement of our firstissue in Swiss francs. The confidence of investors is a further testament to the strength andsustainability of our business model, our strategy and our operational performance. Our first Swissfranc note, which was primarily targeted at Swiss institutional investors, also underlines ourcommitment to Switzerland, where we have invested heavily in recent years and will continue to doso.”****Disclaimer
The Notes will be offered outside the United States in offshore transactions pursuant to Regulation S under theU.S. Securities Act of 1933, as amended (the “Securities Act”), subject to prevailing market and other conditions.
No assurance can be given that the offering of the Notes will be completed, or, if completed, as to the terms on
which it is completed. The Notes to be offered have not been, and will not be, registered under the Securities Act
or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent
registration or pursuant to an applicable exemption from the registration requirements of the Securities Act andany other applicable securities laws. This announcement does not constitute an offer to sell or the solicitation of
an offer to buy the Notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which, or to any
persons to whom, such offer, solicitation or sale is unlawful.

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Press release
This press release and the offering of any securities described herein are only addressed to and directed atpersons who, in the European Economic Area or in the United Kingdom, are not retail investors, defined as aperson who is one (or more) of: (i) a retail client, with respect to the European Economic Area, as defined in point(11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”) and, with respect to the United Kingdom,
as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of
the European Union (Withdrawal) Act 2018 (“EUWA”); or (ii) a customer, with respect to the European Economic
Area, within the meaning of Directive 2016/97/EU (as amended, the “Insurance Distribution Directive”), wherethat customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II and,with respect to the United Kingdom, within the meaning of the provisions of the Financial Services and Markets
Act 2000 (as amended, the “FSMA”) and any rules or regulations made under the FSMA to implement theInsurance Distribution Directive, where that customer would not qualify as a professional client, as defined inpoint (8) of Article 2(1) of Regulation (EU) No 600/2014 (“UK MiFIR”) as it forms part of domestic law by virtueof the EUWA; or (iii) not a qualified investor, with respect to the European Economic Area, as defined in theProspectus Regulation (EU) 2017/1129 (the “EU Prospectus Regulation”) and, with respect to the United
Kingdom, as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of theEUWA (the “UK Prospectus Regulation”).
MiFID II professionals/ECPs-only / No PRIIPs KID – Manufacturer target market (MIFID II product governance)
is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information
document (KID) has been prepared as not available to retail in EEA.
No key information document (KID) required by Regulation (EU) No 1286/2014 (the “PRIIPs Regulation”) andRegulation (EU) No 1286/2014 as as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPsRegulation”) for offering or selling the Notes or otherwise making them available to retail investors in the EEA or
the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any
retail investor in the EEA or the UK may be unlawful under the PRIIPs Regulation and the UK PRIIPs Regulation.
Statements in this release which are not historical facts are forward-looking statements. All forward-looking
statements involve risks and uncertainties which could affect the Company’s actual results and could cause its
actual results to differ materially from those expressed in any forward-looking statements made by, or on behalfof, the Company.
The distribution of this announcement may be restricted by law. Persons into whose possession thisannouncement comes should inform themselves about and observe any such restrictions. Any failure to comply
with these restrictions may constitute a violation of the laws of any such jurisdiction.
The Notes may not be publicly offered, directly or indirectly, in Switzerland within the meaning of the Swiss
Financial Services Act of 15 June 2018 (as amended, the “FinSA”). Neither this press release nor any other offeringor marketing material relating to the Notes constitutes a prospectus pursuant to the FinSA or any applicable laws
or regulations, and no offering or marketing material relating to the Notes may be publicly distributed orotherwise made publicly available in Switzerland.
This press release constitutes advertising in accordance with article 68 FinSA. Such advertisements arecommunications to investors aiming to draw their attention to financial instruments. Any investment decisions
with respect to any securities should not be made based on this advertisement.

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Press release
About Salt
Salt stands for innovation offering attractive prices for premium products in the Swiss telecommunications
market. An excellent mobile network, the country’s best performing internet connection (nPerf, 2022),
attractive prices and customer-focused service ensure an outstanding experience for its business and residential
customers. The company’s services as well as its fixed and mobile networks are repeatedly awarded: best
broadband offer (connect, 2023) very good mobile network (connect, 2023), best performing internet
connection (nPerf, 2022), best broadband tariff (SIQT, 2022), best universal provider for SME and residentialcustomers (Bilanz, 2022), number one B-to-B mobile provider (SIQT, 2022).
Based in Renens (VD), Salt has two additional offices in Biel and Zurich. The company employs more than 1,000
employees and serves 1,516,400 postpaid mobile and more than 200’000 broadband customers across
Switzerland. Salt currently offers 99.9% population mobile coverage.

Salt Press Office
Viola Lebel
PR & Communication Manager+41 78 787 68 60 | media@salt.ch | Salt.ch