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HY06 IFRS Results

29th Aug 2006 16:06

Telecom Egypt S.A.E29 August 2006 Review report To The Board of Directors of Telecom Egypt We have reviewed the accompanying consolidated balance sheets of Telecom Egyptas of 30 June, 2006 and the related consolidated statements of income, changesin the shareholders' equity and cash flows for the period then ended. Thesefinancial statements are the responsibility of the Company's management. Ourresponsibility is to express an opinion on these consolidated financialstatements based on our review. We conducted our review in accordance with International Standards on ReviewEngagements 2400. This standard requires that we plan and perform the review toobtain moderate assurance as to whether the financial statements are free ofmaterial misstatement. A review is limited primarily to inquiries of companypersonal and analytical procedures applied to financial data and thus providesless assurance than an audit. We have not performed an audit and, accordingly,we do not express an audit opinion. Based on our review, nothing has come to our attention that causes us to believethat the accompanying financial statements are not presented fairly, in allmaterial respects in accordance with International Financial ReportingStandards. KPMG Hazem Hassan Cairo, Egypt August 27, 2006 A full report of Telecom Egypt's financial statements in accordance with IFRS can be obtained at the following link, along with the accompanying notes to these statements. Please copy and paste this link into your web browser. http://www.rns-pdf.londonstockexchange.com/rns/1987i_-2006-8-29.pdf This information is provided by RNS The company news service from the London Stock Exchange

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