​Investors Strongly Welcome the Egyptian Company for Mobile Services’ EGP 1.5 billion Bond Issue The bond is both the largest corporate issue in Egypt year-to-date and the first bond in Egypt to be widely marketed to financial institutions and fully underwritten by an investment bank Cairo — The subscription period for the Egyptian Company for Mobile Services S.A.E. (ECMS)’s issue of an EGP 1.5 billion bond ended Sunday January 24th 2010 with strong demand from institutional, high net worth and retail investors alike.  EFG Hermes, the leading investment bank in the Arab world, acted as sole financial advisor, lead arranger and sole underwriter to ECMS on the bond.  ECMS is Egypt’s leading mobile telecommunications company and operates under the brand name Mobinil. The issuance was made in two tranches: an EGP 1.4 billion (14 million bonds) private tranche targeting institutional investors, and an EGP 100 million (1 million bonds) public tranche dedicated to retail investors. Prospective buyers placed orders for 21 million bonds in the private placement, implying an oversubscription rate of approximately 1.5 times for the 14 million bonds on offer to institutional and high net worth investors. The public tranche was also heavily oversubscribed, with retail investors submitting buy orders for more than 11 million bonds, an oversubscription in excess of 11.4 times. “This result underscores the investing public’s belief in the fundamental soundness of ECMS’ business model and is a testament to the unrivalled strength of EFG Hermes’ distribution network,” said Karim Awad, Head of Investment Banking at EFG Hermes. The EGP 1.5 billion issuance is a five-year bullet repayment bond with a fixed coupon rate of 12.25%. It has a senior unsecured unsubordinated ranking at least pari passu with all of ECMS’ other senior obligations. ECMS will use the proceeds from the bond to cover planned capital expenditure, investments and network enhancements.