Etihad GO Telecom Co. — Capital/Financing Update 2014

Jan 29, 2014

ADDENDUM ANNOUNCEMENT FROM ETIHAD ATHEEB TELECOMMUNICATION COMPANY RELATED TO THE MOU WITH ETIHAD ETISALAT (MOBILY) AND THE NEGOTIATION TO ACQUIRE AN INTEREST IN THE COMPANY'S SHARES.

7040 · 29/01/2014 15:42:29 · Announcement #33149 · View on Saudi Exchange

ADDENDUM ANNOUNCEMENT FROM ETIHAD ATHEEB TELECOMMUNICATION COMPANY RELATED TO THE MOU WITH ETIHAD ETISALAT (MOBILY) AND THE NEGOTIATION TO ACQUIRE AN INTEREST IN THE COMPANY'S SHARES.

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.

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.