Orascom Telcom Media and Tech Hold SAE : Disclosure by Orascom Telecom Media and Technology Holding

Not for distribution directly or indirectly in the United States, Canada, Australia, Italy or Japan. Disclosure by Orascom Telecom Media and Technology Holding S.A.E. Cairo, March 15, 2017: The Company received notice from OTMT Acquisition, its major shareholder holding 51.66 % of its shares, and from OTMT Investments, the parent company holding 100% of the shares of its major shareholder, as follows:

The Egyptian Financial Supervisory Authority (EFSA) has approved on 14 March 2017 the application submitted by OTMT Acquisition for exemption from the requirement to launch a mandatory tender offer to acquire 51.66% of the shares of the Company, in the context of the demerger of Orascom Telecom executed in February 2012. EFSA has also approved the application for conciliation submitted by OTMT Investments and OTMT Acquisition to settle the contraventions relating to the undertaking issued by OTMT Investments on 30/11/2011 in the context of the above demerger, in consideration for payment of the required fines.

Engineer Naguib Sawiris Chairman of OTMT Holding, SAE confirmed that the Company looks forward to making new investments in the Egyptian market particularly following the recent economic reform procedures and the steps taken to enhance the investment climate.

-END- About OTMT OTMT is a holding company that has investments in companies with operations mainly in Egypt, North Korea, Lebanon, Pakistan and other North African and Middle-Eastern countries. The activities of OTMT are mainly divided into its GSM, Media and Technology, and Cable businesses, having recently expanded its lines of operations into the new fields of Energy, Transport & Logistics, and Telecom infrastructure. The Not for distribution directly or indirectly in the United States, Canada, Australia, Italy or Japan.

GSM activities include mobile telecommunications operations in Egypt, North Korea and Lebanon. The Cable business focuses on the management of cable networks. The new field of Energy includes its operations in the power projects in Egypt.

Press contacts:

Orascom Telecom Media and Technology: Investor Relations

2005A Nile City Towers - South Tower, 26th Floor - Corniche El Nile, Ramlet Beaulac, Cairo, Egypt

E-mail: [e-mail]

Disclaimer

The distribution of this press release may be restricted by law in certain jurisdictions. Persons into whose possession this document comes are required to inform themselves about and to observe any such restrictions.

This press release does not, and shall not, in any circumstances constitute a public offering of shares, or global depositary shares representing such shares, in OTMT ("OTMT Securities"), nor an invitation to the public in connection with any offer. The acquisition of the OTMT Securities may be subject to specific legal or regulatory restrictions in certain jurisdictions. OTMT takes no responsibility for any violation of any such restrictions by any person.

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