Bharti Airtel Ltd.

Bharti Airtel’s wholly-owned subsidiary -Bharti Airtel International (Netherlands) B.V. has successfully raised $ 500 million notes (the Additional Notes) in addition to the recently concluded transaction of USD 1,000 million 5.125% Fixed Rate Senior Unsecured Guaranteed 144A/Reg S Notes due 2023.

The Additional Notes were issued at a premium and priced at 100.625% to yield 5.044% and will be consolidated and form a single series along with the $1,000 million 5.125% Guaranteed Senior Notes due 2023 issued on March 11, 2013.

Following the highly successful recent inaugural USD bond transaction on March 4, 2013, the bonds of Bharti Airtel had witnessed a strong rally in the secondary market and additional notes were issued to tap the unsatisfied investor demand through a follow-on issuance. This is the largest ever telecom transaction out of Asia ex-Japan and the largest ever USD issue of an Indian company since rating action last year. The transaction is the first tap issuance out of India this year making it largest single tranche issuance in 2013 so far.

The transaction drew an order book of approximately $2.0 billion with participation from 140 high quality investor accounts. In terms of geographic distribution, 50% of Additional Notes were distributed in the United States, 32% in Europe and 18% in Asia. The Notes were distributed to high quality fixed income accounts across fund managers, banks, sovereign wealth funds/ insurance companies and private banks.

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.