Notice of EGM

13 Mar 2007 07:15

Telecom Egypt S.A.E13 March 2007 Telecom Egypt Invitation to the Extraordinary General Assembly Of Telecom Egypt S.A.E. Scheduled to Convene on March 29, 2007 Cairo, 13th March, 2007: The Board of Directors of Telecom Egypt S.A.E. has theprivilege to invite the shareholders of the Company to attend the ExtraordinaryGeneral Assembly of the Company scheduled to convene at 11 a.m., on Thursday,March 29, 2007, at Movenpick Resort Cairo-Pyramids Alexandria Road, Giza, Egypt. Such is for purpose of discussion of the amendment of Articles 18, 19, 21, 24,25, 26, 27, 32, 48 and 60 of the Statutes of the Company. We also draw the shareholders' attention to the following: (a) The Extraordinary General Assembly shall not be validly heldunless attended by the number of shareholders representing 50% of the capital ofthe Company. If this quorum is not satisfied at the first meeting, a secondmeeting shall be held on the same day which shall be deemed valid if attended byshareholders representing at least 25% of the capital. (b) Each shareholder shall be entitled to attend theExtraordinary General Assembly of the shareholders either in person or by proxyto another shareholder who is not a member of the Board of Directors. To bevalid, a proxy must be issued by means of a written power of attorney and therepresentative must be a shareholder. Any shareholder may not represent byproxy in the Extraordinary General Assembly a number of votes exceeding tenpercent (10%) of the nominal shares of the Company's capital or twenty percent(20%) of the shares present at the Meeting. (c) Shareholders wishing to attend the Extraordinary GeneralAssembly shall submit a certified statement issued by one of the bookkeepingcompanies indicating the shares they own and indicating that the balance ofshares reflected in the statement has been blocked until completion of theExtraordinary General Assembly. The foregoing must be effected at least threedays prior to the date of convening the Extraordinary General Assembly. (d) Any questions concerning the items of the agenda to bepresented to the General Assembly must be submitted in writing at the headoffice of the Company located at 26 Ramses Street, the Investor RelationsDepartment, 3rd Floor either by registered mail or hand delivery in exchange fora receipt at least three days prior to the date the General Assembly convenes. (e) Discussions at the Extraordinary General Assembly shall belimited to the items on the agenda. (f) Attendance of the Extraordinary General Assembly shall onlybe limited to the shareholders without being accompanied by any other partiesand attendees must be present enough time before the General Assembly to allowfor registration of attendance in the registers. (g) The details of the proposed amendments to the Articles of theStatutes of the Company as referred to above shall be made accessible to theshareholders prior to the EGM at the head office of the Company located at 26Ramses Street, the Investor Relations Department, 3rd Floor. Chairman Akil Hamed Beshir - Ends - For further information: Investor Relations Contacts Tarek Tantawy, CFA Director of Investment, Treasury & Investor Relations Telephone: +202 5788111 Fax: +202 5789314 Eman Anis Investor Relations Manager Telephone: +202 5788787 Fax: +202 5789314 E-mail: investor.relations@telecomegypt.com.eg Notes to Editors: Within this statement, we may make forward-looking statements regarding futureevents or the future performance of the Company. By their very nature,forward-looking statements involve inherent risks and uncertainties, bothgeneral and specific, and risks exist that the predictions, forecasts,projections and other forward-looking statements will not be achieved. Youshould be aware that a number of important factors could cause actual results todiffer materially from the plans, objectives, expectations, estimates andintentions expressed in such forward-looking statements. When relying onforward-looking statements, you should carefully consider the political,economic, social and legal environment in which Telecom Egypt operates. Suchforward-looking statements speak only as of the time of this release today.Accordingly, Telecom Egypt does not undertake any obligation to update or reviseany of them, whether as a result of new information, future events or otherwiseother than as required by applicable laws, the Listing Rules or Prospectus Rulesof the United Kingdom Listing Authority, the Egyptian Capital Markets Authorityor the Cairo and Alexandria Stock Exchange. The documents filed from time totime with these authorities may identify important factors that could causeactual results to differ materially from those contained in any forward-lookingstatements. About Telecom Egypt Telecom Egypt (TE), Egypt's incumbent telecommunications operator, started itsoperations in 1854 with the first telegraph line in Egypt. Then it wascorporatized in 1998 to replace the former Arab Republic of Egypt NationalTelecommunication Organization (ARENTO). The Company is the largest provider offixed-line services in the Middle East and Africa with 10.8 million subscribersas at the end of December 2006 representing a teledensity of 15%. TE provides retail telecommunication services including access, local, longdistance and international voice, Internet and data, and other services. Thecompany also provides wholesale services including bandwidth capacity leasing toISPs, and national and international interconnection services. Telecom Egypt'sservices also include the provision of narrowband and broadband internet accessthrough its subsidiary TE Data. TE Data has active operations in Egypt andJordan. TE currently participates in the mobile segment in Egypt by providing mobileinterconnectivity through its current, increased 44.66% holding in VodafoneEgypt, one of the two existing Egyptian mobile operators. TE's shares and GDRs (Ticker: ETEL.CA; TEEG.LN) are traded on the Cairo andAlexandria Stock Exchanges and the London Stock Exchange. This information is provided by RNS The company news service from the London Stock Exchange