Etihad GO Telecom Co. — Capital/Financing Update 2013

Jul 1, 2013

Append announcement of Etihad Atheeb Telecom (GO GO) regarding the possibility of getting into negotiations with Etihad Etisalat (Mobily) to acquire an interest in the company's shares.

7040 · 01/07/2013 08:07:54 · Announcement #31431 · View on Saudi Exchange

Append announcement of Etihad Atheeb Telecom (GO GO) regarding the possibility of getting into negotiations with Etihad Etisalat (Mobily) to acquire an interest in the company's shares.

Further to the announcements dated 2 June 2013 regarding Etihad Etisalt Co. Mobily ( herein after referred to as the Company ) and Etihad Atheeb Telecom (GO) exploring a wider level of cooperation and the possibility of preliminary non-binding negotiations which may or may not lead to a subsidiary of the Company acquiring an interest in Etihad Atheeb Telecom (GO), we announce that Bayanat Al Oula for Network Services ( herein after referred to as Bayanat) -a subsidiary of the Company- will submit to the relevant authorities such as Comunication and Information Technology Commission (CITC) and Capital Market Authority for approval a draft Memorandum of Understanding (MoU) outlining the basis for certain founding shareholders of Etihad Atheeb Telecom (GO) and Bayanat to enter into definitive agreements for Bayanat to acquire a [controlling] interest in Etihad Atheeb Telecom (GO). Amongst other things, the MoU provides that the proposed transaction is subject to conditions, including required regulatory approvals and satisfactory completion of a )commercial, financial, legal and technical( due diligence exercise.

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.