Etihad GO Telecom Co. — Earnings Release 2013

May 26, 2013

ETIHAD ATHEEB TELECOMMUNICATION COMPANY (GO) ANNOUNCES THE FINANCIAL RESULTS FOR THE YEAR ENDING AT 31/03/2013.(Continuation2)

7040 · 26/05/2013 16:38:51 · Announcement #31129 · View on Saudi Exchange

ETIHAD ATHEEB TELECOMMUNICATION COMPANY (GO) ANNOUNCES THE FINANCIAL RESULTS FOR THE YEAR ENDING AT 31/03/2013.(Continuation2)

7.Reclassifications have been made in the comparative figures to conform with the presentation for the current year.

8.The company confirmed the Operating revenue and gross profit of Etihad Atheeb Telecommunication Company GO increased for the fiscal financial year ended in March 2013 by 8% and 31% consequently compared to the previous year.

The total operating revenue for the company reached SAR 266 million in 2013 compared to SAR 247 million in 2012 and the gross profit reached SAR 47 million compared to SAR 36 million in 2012.

The company attributes the increase in revenue and gross profit during the period to introducing a variety of solutions for the business sector to large and medium companies.

Restructuring and improvement of the operating efficiency lead to a reduction in the operating expenses by 7% (SAR 23 million) amounted to SAR 315 million compared to SAR 339 million in the same period of the previous year, and this contributes to reduce the operating loss by 11% (SAR 34 million) amounted to SAR 268 million compared to SAR 302 million in 2012.

If we exclude the settlement with the vendor last year, the net loss was reduced by 18% (SAR 60 million) amounted to SAR 274 million compared to SAR 334 in the previous year.

All this leads to help the company to grab a lot of opportunities and strengthen its presence in the Saudi telecom market, by introducing a new and developed services and introducing a wide range of elastic economic solutions thats meet the needs of its customer in the individual and business sector.

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.