TE offers 4.31% of VE to VOD

4 Dec 2006 09:00

Telecom Egypt S.A.E04 December 2006 TELECOM EGYPT TENDERS 10.35 MILLION VODAFONE EGYPT SHARES TO VODAFONE FOR LE 100 PER SHARE Cairo, 4th December, 2006: As part of the strategic partnership signed on 8November 2006 with Vodafone, Telecom Egypt (Ticker: ETEL.CA; TEEG.LN) announcedthat it has tendered 10.35 million shares, equivalent to 4.31% of VodafoneEgypt, at LE 100 per share to Vodafone. At completion of the tender offer, Telecom Egypt's shareholding in VodafoneEgypt will represent 44.66%, and Vodafone's interest (including the sharestendered by other shareholders) will rise to 54.9%. There remains a free floatof 0.44%. Vodafone launched its tender offer through its Netherlands-based subsidiaryVodafone Europe B.V. - ends - For further information: Telecom Egypt Tarek Tantawy, CFA Eman Anis Director of Investment, Treasury & Investor Relations Investor Relations ManagerTelephone: +202 5788111 Telephone: +202 5788787Fax: +202 5789314 Fax: +202 5789314 E-mail: investor.relations@telecomegypt.com.eg Vodafone Group Investor Relations Media Relations Tel: +44 (0) 1635 664447 Tel: +44 (0) 1635 664444 Notes to Editors: 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 10.7 million subscribersas at the end of September 2006 representing a teledensity of 14.9 percent. 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 current operations in Egypt andJordan. TE currently participates in the mobile segment in Egypt by providing mobileinterconnectivity and through its holding in Vodafone Egypt, one of the twoEgyptian 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. About Vodafone Vodafone is the world's leading international mobile telecommunications groupwith equity interests in 26 countries across 5 continents with over 191 millionproportionate customers worldwide as at 30 September 2006 as well as 34 partnernetworks. For further information, please visit www.vodafone.com About Vodafone Egypt Vodafone Egypt is one of two current Egyptian mobile operators. The companyannounced its results for the quarter to 30 September 2006, on 8 November 2006.For more information see the Vodafone Egypt Investor Relations section atwww.vodafone.com.eg This information is provided by RNS The company news service from the London Stock Exchange