Digicel Limited today announced its intention to launch a private placement of US$160 million of senior notes due 2014. Digicel Limited is a Bermuda incorporated company owned by Mr. Denis O'Brien. The use of proceeds of this offering will be for general corporate purposes, including debt service and acquisitions, allowing the company to increase its overall liquidity position. In addition to the $160 million of primary issuance, Mr. O'Brien will also be offering for sale $90 million of existing senior notes due 2014 currently held by him. The notes have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release 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 such offer, solicitation or sale is unlawful.