CAIRO, Egypt -- Orascom Telecom Holding (OTH) (Ticker: ORTE.CA, ORTEq.L,ORAT EY, OTLD LI), announces its first half 2006 consolidated results.

Highlights

Operational Performance

During the first half of 2006, OTH continued to expand its subscriber base breaking the 40million subscriber mark to reach approximately 41 million subscribers, adding approximately20 million subscribers over the last twelve months, and adding 5.7 million subscribers overlast quarter a 16% increase quarter-on-quarter. Mobilink’s subscriber base reached 17 million,adding over 3 million subscribers in one quarter, and Banglalink’s subscriber base reached2.1 million.OTH has increased its proportionate subscribers to reach 31.6 million.

With the aggressive expansion in subscribers and continuing to reach lower incomesegments, ARPUs continued to decline, however, quarter on quarter, ARPUs rate of declinewas small with ARPUs increasing slightly in Djezzy & Tunisiana.

Orascom Telecom