Telecom Egypt S Regulatory News (TEEG)

28 February 2016

Telecom Egypt

CORRECTION OF TIMING

FY 2015 Results

Telecom Egypt (te) (Ticker: ETEL.CA; TEEG.LN)  has revised the publication date of its Audited Financial Results, according to the Egyptian Accounting Standards (EAS), for the full year ended 31st December 2015. Results will now be published before the opening sessions of LSE and EGX on Monday, 7 March 2016 at 9:00 AM Cairo time, in both the Egyptian Stock Exchange (EGX) and the London Stock Exchange (LSE).

- End -

For more information, contact:

E-mail: investor.relations@te.eg

About Telecom Egypt

Telecom Egypt (te), Egypt's incumbent telecommunications operator, started its operations in 1854 with the first telegraph line in Egypt. Then it was corporatized in 1998 to replace the former Arab Republic of Egypt National Telecommunication Organization (ARENTO). The Company is the largest provider of fixed-line services in the Middle East and Africa with 6.3 million subscribers as at 31 December 2014.

te provides retail telecommunication services including access, local, long distance and international voice, Internet and data, and other services. The company also provides wholesale services including bandwidth capacity leasing to ISPs, and national and international interconnection services. Telecom Egypt's services also include the provision of narrowband and broadband internet access through its subsidiary TE Data. TE Data has active operations in Egypt and Jordan.

te currently participates in the mobile segment in Egypt by providing mobile interconnectivity through its current, increased 44.95% holding in Vodafone Egypt, one of the three existing Egyptian mobile operators.

te's shares and GDRs (Ticker: ETEL.CA; TEEG.LN) are traded on The Egyptian Exchange and the London Stock Exchange.