Global Cloud Xchange Announces Extension of Forbearance Agreement

Global Cloud Xchange (GCX) today announced that the July 31, 2019, forbearance agreement that was entered into by 87 percent of its bondholders has been extended until 5:00pm (EDT) on September 1, 2019, which provides additional time to discuss options related to the $350m 7.00% Senior Secured Notes issued by GCX Limited.

During this time, GCX will continue evaluating opportunities to restructure its debt in a manner that best positions the company for long-term growth and success.

ABOUT GLOBAL CLOUD XCHANGE

Global Cloud Xchange (GCX), a subsidiary of Reliance Communications, offers a comprehensive portfolio of solutions customized for carriers, enterprises and new media companies. GCX owns the worlds largest private undersea cable system spanning more than 68,000 route kms which, seamlessly integrated with Reliance Communications 200,000 route kms of domestic optic fiber backbone, provides a robust Global Service Delivery Platform. With connections to 40 key business markets worldwide spanning Asia, North America, Europe and the Middle East, GCX delivers leading edge next generation Enterprise solutions to more than 160 countries globally across its Cloud Delivery Network. www.globalcloudxchange.com

GCX

Lorain Wong

Email: [email protected]

Tel: +852 2848 0075

Lazard

Richard Stables

Email: [email protected]

Tel: +44 (0) 20 7187 2000

Ken Ziman

Email: [email protected]

Tel: +1 (212) 632 6000

FTI Consulting

Michael Katzenstein

Email: [email protected]

Tel: +1 (212) 651-7169

Don Harer

Email: [email protected]

Tel: +1 (312) 630-4803