PTGi Announces Results of Private Exchange Offers and Consent Solicitation Relating to 13.00% Notes Due 2016 and 14.25% Notes Due 2013

Primus Telecommunications Group, Incorporated PTGI announced today the expiration and results of the previously announced offers to exchange new 10.00% Senior Secured Notes due 2017 issued by Primus Telecommunications Holding, Inc. for any and all outstanding Units representing $129.968 million of 13.00% Senior Secured Notes due 2016 issued by the Issuer and Primus Telecommunications Canada Inc. and $90 million of 14.25% Senior Subordinated Secured Notes due 2013 issued by Primus Telecommunications IHC, Inc., and solicitation of consents from holders of 13.00% Notes to amend the indenture governing the 13.00% Notes to eliminate certain restrictive covenants and events of default and release the collateral securing the 13.00% Notes.