MOBILY AND ETIHAD ATHEEB (GO) EXTEND THE MOU FOR 90 DAYS

We refer to our announcement published on Tadawul on 28 November 2013 regarding the amendment of the memorandum of understanding (MOU) signed on 20 August 2013 between a subsidiary of Etihad Telecom Company (Mobily) (namely Bayanat Al-Oula Network Services Company (Bayanat)) and certain founding shareholders of Etihad Atheeb Telecom Company (Go) (EATC) (namely Atheeb Trading Company, Al Nahla for Trading and Contracting Company, Traco Group for Trading and Contracting and Saudi Internet Company) in respect of the proposed acquisition by Bayanat of a controlling stake in EATC, which as amended provides - among other things - that the said acquisition is subject to certain conditions being satisfied prior to 30 January 2014 (Long Stop Date), including obtaining necessary regulatory clearances including from the CITC, completing commercial, financial, technical and legal due diligence to the satisfaction of Bayanat, the entry by the relevant parties into definitive agreements in respect of the proposed transaction and there being no exclusivity between the MoU parties in respect of the proposed transaction. We hereby announce that Bayanat and the above mentioned EATC founding shareholders have agreed to amend the MOU by extending the period ending on the Long Stop Date by a further ninety (90) days and therefore the Long Stop Date will be 30 April 2014 instead of 30 January 2014.