Mr. Scott Morris reports

TRILOGY INTERNATIONAL PARTNERS INC. ANNOUNCES SHAREHOLDER APPROVAL OF GO-PRIVATE TRANSACTION AT SPECIAL MEETING

Shareholders of Trilogy International Partners Inc. approved the previously announced acquisition of the company by SG Enterprises II LLC by way of a plan of arrangement at a special meeting of the shareholders held earlier today.

A total of 52,580,047 (59.327 per cent (1)) common shares of the company were represented at the meeting. The special resolution approving the plan of arrangement was approved by: (i) 99.997 per cent of the votes cast by shareholders present in person or represented by proxy, and entitled to vote at the meeting; and (ii) 99.996 per cent of the votes cast by shareholders present in person or represented by proxy, and entitled to vote at the meeting, excluding the 16,908,563 common shares held by the purchaser, in accordance with applicable securities laws.

Under the terms of the plan of arrangement set out in the arrangement agreement between the company and the purchaser dated Dec. 19, 2023, shareholders (other than the purchaser) will receive, in exchange for each common share held, seven U.S. cents in cash per common share, subject to the terms and conditions of the arrangement agreement. Information regarding the procedure for the exchange of common shares for the consideration is provided in the company's proxy statement and management information circular dated Feb. 21, 2024. The circular and the accompanying letter of transmittal are available under the company's SEDAR+ profile. Registered shareholders who have not already done so must complete and sign the letter of transmittal and return it, together with the certificate(s)/DRS (direct registration system) advice(s) representing their shares, and any other required documents and instruments, in accordance with the procedures set out in the letter of transmittal. Non-registered shareholders who hold their common shares through a broker, investment dealer, bank, trust company, nominee or other intermediary should contact their intermediary for instructions and assistance in receiving the consideration.

Completion of the plan of arrangement remains subject to the approval of the Supreme Court of British Columbia, the approval of the TSX Venture Exchange and the satisfaction of other customary conditions. The court hearing for the final order to approve the plan of arrangement is currently scheduled to take place on March 27, 2024, and the plan of arrangement is expected to be completed on or about March 28, 2024. Following completion of the plan of arrangement, the common shares will be delisted from the NEX board of the TSX-V, and the company will cease to be a reporting issuer in the applicable jurisdictions.

(1) Based on 88,627,593 common shares issued and outstanding as of the record date of Jan. 26, 2024.

About Trilogy International Partners Inc.

The company formerly owned wireless and fixed broadband telecommunications subsidiaries in New Zealand and Bolivia. Its head office is located at 155 108th Ave. NE, Suite 400, Bellevue, Wash., 98004.

Additional information

Further details regarding the plan of arrangement are set out in the circular, which is publicly filed on the company's SEDAR+ profile and EDGAR profile.

We seek Safe Harbor.