Orascom Telecom announces success of the first call on CHEO network in Democratic People’s Republic

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Orascom Telecom Holding S.A.E. ("OTH") is proud to announce the successful completion of the first call on the CHEO Technology JV Company's ("CHEO") network in the Democratic People's Republic of Korea ("DPRK").

The success of this trial network using WCDMA (3G) mobile technology represents the first step in providing coverage throughout the DPRK. CHEO, a subsidiary of OTH, is looking to launch its full commercial mobile services within the second half of 2008.

In January 2008 OTH, through its subsidiary CHEO, was awarded the first commercial license in the Democratic People's Republic of Korea. The license has a duration of 25 years with an exclusivity period of four years.

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About Orascom Telecom

Orascom Telecom is a leading international telecommunications company operating GSM networks in six high growth markets in the Middle East, Africa and South Asia, having a total population under license of approximately 450 million with an average mobile telephony penetration of approximately 41% as of March 31^st, 2008.

Orascom Telecom operates GSM networks in Algeria ("OTA"), Pakistan ("Mobilink"), Egypt ("Mobinil"), Tunisia ("Tunisiana"), Bangladesh ("Banglalink"), Zimbabwe ("Telecel Zimbabwe"), and has acquired in early 2008 a license to operate mobile services in North Korea.

Orascom Telecom had over 74 million subscribers as of March 31^st, 2008. Orascom Telecom is traded on the Cairo & Alexandria Stock Exchange under the symbol (ORTE.CA, ORAT EY), and on the London Stock Exchange its GDR is traded under the symbol (ORTEq.L, OTLD LI).

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