Following Eltel’s listing on NASDAQ Stockholm on 6 February, 3i Group plc, and funds managed by 3i, announce they have sold a further 3.3 million shares as part of the over-allotment option.

This sale generated proceeds of £10 million for 3i Group plc, in addition to the £76 million proceeds received at the time of the IPO on 6 February.

Following the exercise of the over-allotment option, 3i and funds hold a 20% stake in Eltel. 3i Group plc holds an 11.3% stake, which is worth approx. £44 million based on the share price on 17 February.

-Ends-

For further information, contact:

3i
Kathryn van der Kroft
Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com

Notes to editors:

About 3i Group
3i is a leading international investment manager focused on mid-market private equity, infrastructure and debt management across Europe, Asia and North America. For further information, please visit: www.3i.com.

Regulatory information
This transaction involved a recommendation of 3i Investments plc, advised by 3i Sweden.