Etihad Etisalat Co. — Earnings Release 2011

Jan 18, 2012

ETIHAD ETISALAT (MOBILY) ANNOUNCES THE CONSOLIDATED FINANCIAL RESULTS FOR THE FISCAL YEAR ENDED DECEMBER 31,2011 (TWELVE MONTHS) (CONTINUED 2) :

7020 · 18/01/2012 16:44:49 · Announcement #23751 · View on Saudi Exchange

ETIHAD ETISALAT (MOBILY) ANNOUNCES THE CONSOLIDATED FINANCIAL RESULTS FOR THE FISCAL YEAR ENDED DECEMBER 31,2011 (TWELVE MONTHS) (CONTINUED 2) :

Mobily Board Chairman went on to say that speed and flexibility in adoption of advanced technologies such as LTE cannot be ignored in order to narrow the gap in the speed of data transfer between mobile and fixed lines, reduce latency, develop fiber optic network to cover government, commercial and residential facilities (FTTH) and provide IP TV and other services with high quality and reliability. This increase in demand for data services is expected to increase the pressure on the Companys infrastructure. Therefore, according to the Chairman, growth opportunities are closely related to capital expenditure on integration of mobile and fixed networks, capacity improvement, high traffic bands procurement, and providing service bundles that meet the growing needs of Internet users, the promising business sector and project applications, taking into account the increase in dividend payment, especially with the continued growth in companys EBITDA.

Engineer AlSaghyir said that Mobily would endeavor to enter into strategic partnerships and joint ventures with content providers to avoid direct competition in the field. In conclusion, Mobily Chairman expressed his sincere thanks and appreciations for the efforts of all employees, wishing them continued success.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.