Common use of Notice of an Event of Default Clause in Contracts

Notice of an Event of Default. To: Holders of 7. 00% Equity Subordinated Debentures due December 31, 2006 (the “Debentures”) of Telesystem International Wireless Inc. (the “Company”) TO: TELESYSTEM INTERNATIONAL WIRELESS INC.

Notice of an Event of Default. To: Holders of 7. 007.00% Equity Subordinated Debentures due December 31February 15, 2006 1999 (the “Debentures”) of Telesystem International Wireless Inc. (the “Company”) TO: TELESYSTEM INTERNATIONAL WIRELESS INC.