An anonymous director reports

SG ENTERPRISES II, LLC SUBMITS NON-BINDING OFFER TO ACQUIRE TRILOGY INTERNATIONAL PARTNERS INC.

SG Enterprises II LLC has delivered to the special committee of the board of directors of Trilogy International Partners Inc. a non-binding letter of intent proposing a transaction in which SG would acquire all of the issued and outstanding common shares of Trilogy that SG does not already own.

Under the terms of the LOI, SG proposes to acquire all of the common shares that it does not already own for a purchase price of 0.1 U.S. cent per common share in cash, assuming the company makes, immediately prior to such purchase, a distribution to shareholders of 6.5 U.S. cents per common share. Alternatively, if the company prefers not to make any additional distributions to shareholders, SG is willing to discuss a share purchase on terms that provide substantially equivalent economic benefits to the company's shareholders.

If the parties agree to proceed with the potential transaction, SG expects that the potential transaction would be carried out by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) and subject to customary closing conditions including, but not limited to, approval of the company's shareholders, the Supreme Court of British Columbia and the TSX Venture Exchange.

SG has delivered the LOI in order to facilitate the distribution of the company's remaining cash, less certain reserves, to shareholders and reduce the cost of operating the company pending its liquidation pursuant to the company's plan of liquidation adopted on June 10, 2022.

As discussions are continuing, there can be no assurance that the offer will be accepted by Trilogy nor that the potential transaction will be completed on the terms described above or at all. Any transaction that may result will be subject to the completion of due diligence, the negotiation and settlement of final terms, and the negotiation of definitive documentation.

SG reserves the right to formulate plans and/or make proposals, and take such actions with respect to its investment in Trilogy, and may at any time reconsider and change its plans or proposals relating to the foregoing.

As of the date hereof, SG owns 16,908,563 common shares, representing approximately 19.1 per cent of the issued and outstanding common shares. In the event the potential transaction is completed, SG would own 100 per cent of the issued and outstanding common shares following the potential transaction.

For further information or to obtain a copy of the early warning report, please contact Scott Morris, senior vice-president, general counsel and secretary of the company, at scott.morris@trilogy-international.com.

SG's head office is located at 155, 108th Ave. NE, suite 400, Bellevue, Wash., 98004.

About Trilogy International Partners Inc.

Trilogy International Partners formerly owned wireless and fixed broadband telecommunications subsidiaries in New Zealand and Bolivia.

We seek Safe Harbor.