Telecom Egypt S Regulatory News (TEEG)

Telecom Egypt

Invitation to the Extraordinary General Assembly

Of

Telecom Egypt S.A.E

Scheduled to convene on Tuesday, August 11, 2015

The Board of Directors of Telecom Egypt S.A.E (the "Company") has the privilege to invite the shareholders of the company to attend the Extraordinary General Assembly of the Company scheduled to convene at 8:00 a.m., on Tuesday, August 11, 2015, at the Conference Building of the Smart Village, at K 28 - Cairo Alexandria Desert Road, Egypt.

Such is for purpose of discussion of the following agenda:

· Considering the amendment of Articles 24, 25, and 32 of the Statutes of the Company.

We draw the shareholders' attention to the following:

· The meeting shall not be deemed validly held unless attended by a number of shareholders representing at least 50% of the company's capital.

· Each shareholder shall be entitled to attend the Extraordinary General Assembly of the shareholders either in person or by proxy to another shareholder who is not a member of the Board of Directors. For a proxy to be valid it must be issued by virtue of a written power of attorney and the representative must be a shareholder. No shareholder may represent by proxy in the Extraordinary General Assembly with respect to a number of votes exceeding ten percent (10%) of the total nominal shares of the Company's capital and not exceeding twenty percent (20%) of the shares represented at the meeting.

· Shareholders wishing to attend the Extraordinary General Assembly shall submit an original certified statement issued by one of the bookkeeping companies indicating the shares they own and that the balance of shares reflected in the statement of account has been blocked until conclusion of the Extraordinary General Assembly. The foregoing must be effected at least three days prior to the date of convening the Extraordinary General Assembly.

· Any questions concerning the items of the agenda to be presented to the Extraordinary General Assembly must be handed in writing to the head office of the Company located at K28, Cairo - Alexandria Desert Road, the 2nd floor, Building B7, Smart Village, the office of the Director of Investment and Investor Relations, either by registered mail or hand delivery against receipt at least three days prior to the date of convening the Extraordinary General Assembly.

· Discussions at the Extraordinary General Assembly shall be limited to the items on the agenda.

· Attendance of the meeting shall be limited to the shareholders only, without being accompanied by any other persons and attendees must be present in sufficient time before the meeting to allow for registration of their attendance in the registers.

· The documents required to be made accessible to the shareholders prior to the Extraordinary General Assembly as referred to under Article 228 of the Executive Regulations of Act 159 of 1981 shall be available at the Premises of the Company located at K28, Cairo - Alexandria Desert Road, the 2nd floor, Building B7, Smart Village, the office of the Director of Investment and Investor Relations Sector, during official business hours.

Chairman

Dr. Mohamed Salem