Sawiris Increase Weather Stake

CAIRO, Egypt -- Orascom Telecom Holding S.A.E. (“OrascomTelecom” or “OTH”) has been notified by Mr. Naguib Sawiris that WeatherInvestments II S.a.r.l. (“Weather II”), fully owned by the Sawiris Family andcontrolled by Mr. Naguib Sawiris, has increased its stake in Weather InvestmentsS.P.A. (“Weather SPA”) to 97%. The deal entails Enel selling its entire 26.1%stake. Weather SPA owns and controls 100% of Wind Telecomunicazioni S.P.A.(“Wind”). and 50% plus 1 share of Orascom Telecom.

Mr. Naguib Sawiris stated "I am very excited to increase our investment in Windand our exposure to Orascom Telecom where I see particular long term valuepotential in continuing our strategy of development of emerging marketopportunities.”

Orascom Telecom is not a party to, and is not affected in any way by theWeather transaction. There is no additional debt of any kind raised by,guaranteed by, or funded by OTH. The purchase of Enel is a combination ofshare buyback by Weather SPA and direct purchase by Weather II. Any debtraised by either Weather II or Weather SPA, will be serviced internally throughgenerated cash flow and a new Payment In Kind loan which is raised with norecourse on OTH.

Orascom Telecom