OTMT's OGM approves all of the items on the agenda

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OTMT's OGM approves all of the items on the agenda

Cairo, April 1st, 2015: Orascom Telecom Media and Technology Holding S.A.E. ("OTMT") announced that the majority of the Company's shareholders approved all of the items on the agenda at today's ordinary General Assembly Meeting ("OGM"), paving the way to implement the Company's intention to expand its investments in the new sectors of operations in the fields of energy, Transportation and logistics and explore new investment opportunities in developing countries with a focus on the African market.

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

OTMT is a holding company with investments in companies operating in Egypt, North Korea, Pakistan, Lebanon and other North African and Middle-Eastern countries. The activities of OTMT are divided into its GSM, Media and Technology and Cable Businesses, having recently expanded its lines of operations into the new fields of Energy, Transport & Logistics, and Telecom Infrastructure.

OTMT's current assets in the GSM field include its operations in North Korea (Koryolink) and Lebanon (Alfa), and in the cable business Pakistan's leading submarine fiber optic cable operator, Trans World Associates (TWA) and Middle East and North Africa Submarine Cable Systems (MENA - SCS).

OTMT is traded on the Egyptian Stock Exchange under the symbol (OTMT.CA, OTMT EY) and on the London Stock Exchange under the symbol (OTMT:LI).

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.

For Further Information:

Investor Relations - Orascom Telecom Media and Technology Holding S.A.E.

Nile City Towers - South Tower

26th Floor - Corniche El Nile,

Ramlet Beaulac

Cairo Egypt

Email: [email protected]

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.