GLOBAL TELECOM HOLDING ANNOUNCES CONCLUSION OF SHARE BUY-BACK WITH 2.53X OVERSUBSCRIPTION
Amsterdam (17 February 2017) – Global Telecom Holding S.A.E. ("GTH" or the "Company") (EGX:
GTHE.CA, LSE: GLTD:LI), an Egyptian joint stock company, today announces that, following the Expiration
Date, the number of Buy-Back Shares which have been offered for sale in the Share Buy-Back is
1,328,092,079 Shares. In accordance with the announcement made by the Company on 16 January 2017
(the "Announcement") and the terms of the EGX Share Buy-Back Application, the number of Buy-Back
Shares which will be accepted for sale in the Share Buy-Back is 524,569,062. Accordingly, the number of
Buy-Back Shares which will be accepted from each Shareholder who offered Buy-Back Shares into the
Share Buy-Back will be scaled down pro-rata in relation to the total number of Buy-Back Shares so offered
for sale.