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NII Holdings Inc.

09/21/2021 | Press release | Distributed by Public on 09/21/2021 17:07

NH Holdings Announces Completion of Initial Liquidating Distribution

September 21, 2021 - NII Holdings, Inc. ("NII") today announced that NII completed its initial liquidating distribution to its stockholders of record on September 20, 2021 in the aggregate amount of $199.6 million (or $1.91 per share).

As previously announced, on September 14, 2021, the Court of Chancery of the State of Delaware entered an order approving NII's request to make an initial liquidating distribution of up to $200.1 million to its stockholders. As a result, on September 14, 2021, NII's Board of Directors declared a liquidating distribution to its stockholders of record effective September 20, 2021 in the aggregate amount of $199.6 million (or $1.91 per share) (the "First Liquidating Distribution"). NII completed the First Liquidating Distribution on September 20, 2021.

The First Liquidating Distribution represents a partial distribution of the remaining assets of NII. Further information regarding the amount and timing of future potential liquidating distributions to NII's stockholders will be provided in future press releases as such information becomes available.

There can be no assurance as to the timing or amount of any additional distributions that NII may make as part of the dissolution process. The timing of distributions and ultimate amount distributable to stockholders will depend on factors outside of NII's control, including, among other things, the amount of cash recovered from the Mexico Escrow Account, and could vary from NII's current estimates. Also, NII cannot predict the impact, if any, of the Covid-19 pandemic on the timing of future distributions, and it is possible that delays could result.

About NII Holdings, Inc.

Visit NII Holdings' website atwww.nii.com.

NII Holdings, Inc.

1405 S Fern Street, #93001

Arlington, VA 22202

(703) 390-5100

www.nii.com

Investor Relations:

Tim Mulieri

[email protected]