MOBYLIFE HOLDING A/S RECEIVES NOTEHOLDER APPROVAL TO PROCEED WITH THE TERMS OF ITS RESTRUCTURING PROPOSAL

Copenhagen, 28 December 2016

Mobylife Holding A/S (the "Issuer") initiated on 1 December 2016 a written procedure (the "Written Procedure") requesting that the holders of its outstanding senior secured notes with ISIN SE0005936382 (the "Notes") approve certain amendments to the terms and conditions of the Notes and provide certain consents and waivers in respect of a corporate reorganisation of the group to which the Issuer belongs (the "Request").

Results of the Written Procedure

The voting period for the Written Procedure expired today, 28 December 2016, at 12.00 CET. Intertrust (Sweden) AB (the "Agent"), acting in its capacity as agent for the holders of the Notes (the "Noteholders") under the terms and conditions of the Notes (the "Terms and Conditions"), has confirmed that as of the expiry of the voting period, a sufficient number of votes was received in order to form a quorum, and that the requisite majority of 80% of votes received were in favour of the Request. The majority in favour of the Request amounted to 95.45% of those voting and represented 52.13% of the total aggregate principal amount of the Notes outstanding.

Effectiveness of the Request

The amendments to the Terms and Conditions will become effective once the conditions set out under "Effectiveness of the Request" in the notice of Written Procedure are met and the Agent will notify the Noteholders once such conditions are met.

For further information:
For further information, enquiries should be directed to:

The Agent:

The Issuer:

This information is information that Mobylife Holding A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14.00 CET on 28 December 2016.

http://www.globenewswire.com/NewsRoom/AttachmentNg/90501461-aaf6-4df3-b990-4cce6bb0c15c