Trilogy International Partners Inc. and SG Enterprises II, LLC Announce Completion of Go-Private Transaction

BELLEVUE, WA / ACCESSWIRE / March 28, 2024 / Trilogy International Partners Inc. ("TIP Inc." or the "Company") (TSXV:TRL.H) announced today that SG Enterprises II, LLC ("SG"), an entity controlled by John W. Stanton, a director of the Company, and Theresa E. Gillespie, a former director of the Company, has completed the previously announced acquisition of the Company by way of a court-approved plan of arrangement (the "Arrangement").

Under the terms of the Arrangement, SG acquired all of the issued and outstanding common shares of the Company (the "Common Shares"), other than the Common Shares already held by SG¹, in exchange for cash consideration of US$0.07 per Common Share (the "Consideration"). SG will pay an aggregate of US$5,020,332.10 in cash to shareholders under the Arrangement.

On March 27, 2024, the Company obtained a final order from the Supreme Court of British Columbia approving the Arrangement. The Common Shares are expected to be delisted from the TSX Venture Exchange ("TSXV") on or around market close on April 1, 2024. An application has been made for the Company to cease to be a reporting issuer under applicable Canadian securities laws. An application will also be made for the Company to terminate its reporting obligations in the United States.

Information regarding the procedure for exchange of Common Shares for the Consideration is provided in the Company's proxy statement and management information circular dated February 21, 2024 (the "Circular"). The Circular is available under the Company's SEDAR+ profile at www.sedarplus.ca.

About Trilogy International Partners Inc.

TIP Inc. formerly owned wireless and fixed broadband telecommunications subsidiaries in New Zealand and Bolivia.

Its head office is located at 155 108th Avenue NE, Suite 400, Bellevue, Washington, 98004.

About SG Enterprises II, LLC

SG's head office is located at 155 108th Avenue NE, Suite 400, Bellevue, Washington, 98004.

As of the date hereof, SG owns all of the issued and outstanding Common Shares.

This press release is issued in accordance with the early warning requirements under applicable Canadian securities laws. An early warning report relating to the transaction will be filed by SG with applicable securities regulators and will be available for viewing under TIP Inc.'s SEDAR+ profile at www.sedarplus.ca.

For further information or to obtain a copy of the early warning report, please contact Scott Morris, Senior Vice President, General Counsel and Secretary of the Company at [e-mail].