Telecom Egypt announces that Eng. Mohamed Nasr Eldin Mohamed Ali has been appointed as Managing Director of the company to succeed Eng. Adel Hamed Ibrahim Gadallah.

The board of directors (the "Board") has accepted Eng. Adel Hamed's request to be relieved from the position of Managing Director and CEO to assume a new role at the Ministry of Communications and Information Technology. However, Eng.

Hamed will remain on Telecom Egypt's board of directors as a non-executive member. The Board meeting held has approved these changes and are effective immediately. Eng.

Mohamed Nasr Eldin was appointed as a member of Telecom Egypt's Board of Directors in July 2020, representing the government. He joined Telecom Egypt in 2004, eventually becoming Head of the International Cables and Networks Business Unit in 2014. During that period, Eng.

Nasr Eldin undertook several initiatives that contributed to maximizing Telecom Egypt's revenues and capitalized on Egypt's strategic position as a route for international submarine cables. From May 2020 until March 2023, he was Deputy ICT Minister for Global Information Infrastructure at the Ministry of Communications and Information Technology. With over 20 years of experience in the telecommunications sector, Eng.

Nasr Eldin specializes in the planning, development, and operations of submarine cables and international networks. He also has extensive experience in managing international programs and projects, having held several positions since 2016 at PCCW Global--the global operating division of Hong Kong Telecom--including Head of Subsea Cable Infrastructure; Vice President of Cable Innovation, Planning, and Management; as well as Assistant Vice President of Cable Development for the Europe, Middle East, and Africa region. His key role at PCCW included planning for new submarine cables and carrying out the corresponding feasibility and investment studies.

Eng. Nasr Eldin earned a bachelor's degree in Telecommunications Engineering from Al-Azhar University in Egypt in 2001 and also holds an MBA.