Telecom Egypt S Regulatory News (TEEG)

13 Jan 2006 17:00

Telecom Egypt S.A.E13 January 2006 END OF STABILISATION NOTICE: TELECOM EGYPT S.A.E 13th January 2006 The London Stock Exchange10 Paternoster SquareLondon, EC4M 7LS Dear Sirs Telecom Egypt S.A.E: Offering of 341,414,320 Ordinary Shares in the form ofOrdinary Shares or GDSs End of Stabilisation Notice Pursuant to the Stabilisation Notice sent out under RNS Number 6222V on 13thDecember 2005, Credit Suisse First Boston (Europe) Limited hereby notifies theLondon Stock Exchange that it and its affiliates have ceased the stabilisationof the offering of the Ordinary Shares and GDSs of Telecom Egypt S.A.E: 1. Securities stabilised were: Telecom Egypt S.A.E Ordinary Shares (EGS48031C016)Telecom Egypt S.A.E GDR Reg S (US87927T2024)Telecom Egypt S.A.E GDR 144A (US87927T1034) 2. Stabilising Manager: Credit Suisse First Boston (Europe) Limited (a member firm). Contacts - Indy Bhattacharyya 0207-888-2057 and Tom Ahearne 0207-888-3818; 3. Credit Suisse First Boston (Europe) Limited appointed Financial Brokerage Group Egypt, a subsidiary of EFG-Hermes Holding Company, to act as Stabilisation Agent of the Ordinary Shares; 4. Stabilisation period commenced: 14th December 2005 at approximately 7.30am London time; 5. Stabilisation period ends: Close of business on 13th January 2006; 6. Offer price was set at EGP 15.56 per Ordinary Share and USD 13.5040 per GDS; and 7. Over-allotment option is up to 41,920,000 Ordinary Shares in the form of GDSs. Credit Suisse First Boston (Europe) Limited confirms that no stabilisationactivity was undertaken. Yours faithfullyCredit Suisse First Boston (Europe) Limited This information is provided by RNS The company news service from the London Stock Exchange