Kore Group receives non-binding letter regarding acquisition of common stock

Kore Group (KORE) Holdings, announced that a Special Committee of the Board of Directors of the Company received a non-binding letter from Searchlight Capital Partners, on behalf of its affiliated investment funds and Abry Partners, on behalf of its affiliated investment funds to enter into discussions to acquire all of the outstanding shares of common stock of the Company not already owned by Searchlight or Abry for cash consideration of $5.00 per share. The Board previously formed the Special Committee to, among other things, review, evaluate and negotiate any potential strategic transaction and any alternative thereto, including any proposal from Searchlight and/or Abry. Rothschild & Co is acting as financial advisor to the Special Committee and Richards, Layton & Finger is acting as its legal counsel. The Company gives no assurances that the Special Committee’s receipt and assessment of the Letter will result in any transaction.