OTMT Clarifies Details on OTMTI Deal

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Orascom Telecom Media and Technology Holding S.A.E. Clarifies details regarding Data Center Leader SWITCH SUPERNAP Partnering with ACCELERO and OTMTI to form SUPERNAP INTERNATIONAL

Cairo, March 14, 2014: Further to the joint announcement made by Accelero Capital Holdings S.à r.l. ("Accelero"), Orascom TMT Investments S.à r.l. ("OTMTI") and Switch SUPERNAP on March 13, 2014, Orascom Telecom Media and Technology Holding S.A.E. ("OTMT") clarifies that the deal concluded involves its majority shareholder OTMTI and that OTMT is not party to the deal.

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About Orascom Telecom Media and Technology Holding S.A.E.

OTMT is a holding company that has investments in companies with operations mainly in Egypt, North Korea, Pakistan, Lebanon and other North African and Middle-Eastern countries. The activities of OTMT are mainly divided into its GSM, Media and Technology, and Cable businesses. The GSM activities include mobile telecommunications operations in Egypt, North Korea and Lebanon. The Media and Technology division consists of OT Ventures/Intouch Communications Service and the OT Ventures Internet portals and other ventures in Egypt, including LINK Development, ARPU+ and LINKonLINE. The Cable business focuses on the management of cable networks.

OTMT is traded on the Egyptian Exchange under the symbol (OTMT.CA, OTMT EY).

www.otmt.com

About Orascom TMT Investments

Orascom TMT Investments S.à r.l. ("OTMTI", formerly Weather Investments II S.à r.l.) is a company incorporated under the laws of Luxembourg. OTMTI is an experienced investor and strategic shareholder in telecommunications and technology companies. OTMTI is the majority shareholder of Orascom Telecom Media & Technology S.A.E. ("OTMT"), a company listed on the Egyptian and London stock exchanges; and indirectly owns the entire corporate capital of Italiaonline, Matrix S.p.A., ITnet S.r.l. and of WIS Telecom S.p.A. OTMTI also owns other telecom, digital media and technology assets in Europe, the United States and the Middle East.

www.otmtinvestments.com

Cautionary statement regarding forward-looking statements

This announcement contains "forward-looking statements." Forward-looking statements are statements that are not historical facts, including statements concerning the anticipated timing of events; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Forward-looking statements involve inherent risks, uncertainties and assumptions, including, without limitation, uncertainty as to whether FT and OTMT will receive the necessary regulatory approvals or complete the contemplated transaction; the possibility that expected benefits may not materialize as expected; and other risks and uncertainties that are beyond the parties' control. If such risks or uncertainties materialize or such assumptions prove incorrect, actual results could differ materially from those expressed or implied by such forward-looking statements and assumptions

The forward-looking statements contained in this announcement are made as of the date hereof.

Disclaimer

The distribution of this press release may be restricted by law in certain jurisdictions. Persons into whose possession this document comes are required to inform themselves about and to observe any such restrictions.

Any tender offer for the shares of ECMS is subject to approval by the Egyptian Financial Supervisory Authority.

This press release does not constitute an offer for ECMS shares in any jurisdiction.

This press release does not, and shall not, in any circumstances constitute a public offering of shares, or global depositary shares representing such shares, in OTMT ("OTMT Securities"), nor an invitation to the public in connection with any offer. The acquisition of the OTMT Securities may be subject to specific legal or regulatory restrictions in certain jurisdictions. OTMT takes no responsibility for any violation of any such restrictions by any person.

This press release is not an offer for sale of OTMT Securities in the United States. OTMT Securities may not be held by U.S. persons, other than persons that are both (a) a ''qualified institutional buyer'' as such term is defined in Rule 144A under the U.S. Securities Act of 1933, as amended, and (b) a "qualified purchaser" as defined in the U.S. Investment Company Act of 1940, as amended.