Not for distribution in or into or to any person located or resident in any jurisdiction where it is

unlawful to distribute this announcement.

GLOBAL TELECOM HOLDING ANNOUNCES PROPOSED SHARE BUY-BACK AND CANCELLATION OF

GDR PROGRAM

Amsterdam (16 January 2017) - Global Telecom Holding S.A.E. ('GTH' or the 'Company') (EGX:

GTHE.CA, LSE: GLTD:LI), an Egyptian joint stock company, today announces that it proposes: (i) to

launch a fixed price buy-back program to acquire up to 10.00% of the total issued share capital of

the Company (the 'Share Buy-Back') at a price per share of EGP (Egyptian pounds) 7.90 and for a

total consideration of up to EGP 4.1 billion; and (2) to carry out the Cancellation (as defined below).

Global Telecom Holding SAE published this content on 16 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 January 2017 08:55:02 UTC.

Original documenthttp://www.gtelecom.com/ir-news-details?articleId=208987

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