Re Contract

Intec Telecom Systems PLC
24 October 2002




Intec and Giza Systems sign a second OSS deal with Telecom Egypt



London/Cairo - 24th October, 2002 - Intec Telecom Systems, a global provider of
Operations Support Systems (OSS) for telecommunications companies, and Giza
Systems, a leading IT solution provider in the Middle-East, today announced a
substantial second contract win with Telecom Egypt. The deal will supply Telecom
Egypt, the country's national communications company, with Intec's InterconnecT
ITUTM product for use in settling accounts with full compliance to the standards
outlined by the International Telecommunications Union (ITU). Telecom Egypt is
an existing user of Intec's InterconnecTTM and Inter-mediatETM solutions for
intercarrier billing and mediation, which were successfully implemented and
supported by Giza Systems across the company's network in 2002. The business
benefits achieved through the installation of these solutions encouraged the
company to purchase InterconnecT ITU, which will complement the domestic
intercarrier settlement platform.

"Intec's Inter-mediatE and InterconnecT solutions have enabled us to optimise
our profitability, and we anticipate the same level of success with the
implementation of InterconnecT ITU," says Azza Turk, Vice President, Telecom
Egypt. "This project confirms Intec's partnership with Giza Systems to be a
success, and assures their ability to work together in providing a flexible
billing platform, giving us the ability to easily evolve our services and
business models to meet emerging market requirements."

"We are very pleased to extend our close relationship with Giza Systems and work
with them again to service and support Telecom Egypt," says Tarek Mneimneh,
Intec's Middle-East regional manager. "As the biggest and most influential
telecommunications company in the country, Telecom Egypt's approval for our
products is a strong endorsement for Intec. The company was impressed by the
flexibility and scalability of Intec's InterconnecT and Inter-mediatE solutions,
which have helped to deliver additional revenue streams through fast and
accurate usage collection, mediation and billing. InterconnecT ITU will provide
even further settlement support as Telecom Egypt continues to expand the scope
of its business to include more international partnerships."







Intec's InterconnecT ITU billing solution will allow Telecom Egypt to improve
its billing of international interconnection partners in line with global
regulations. As the leader in intercarrier billing with nearly 40% market share,
Intec's InterconnecT solution provides Telecom Egypt with a proven technology
that can support any network requirement, including next generation services.
InterconnecT ITU offers full international settlements capability, including
automated reconciliation of settlements statements, issuance of ITU settlements
statements and automated settling.



"Together with Intec we strive to offer customers the best and most innovative
network solutions," explains Shehab El Nawawi, Managing Director of Giza
Systems. "Winning a second agreement with Telecom Egypt is a testament of the
quality of products service and support that we deliver. Giza is extremely
pleased to work with Intec to extend its services to one of the biggest
telecommunications companies in the Middle-East, and we expect to see further
opportunities arise in the region as result of this success."



For More Information:

Georgia Hanias/Andrew Rodaway           Cubitt Consulting

Intec Telecom Systems                   Fergus Wylie

[phone]                    [phone]

[e-mail]     [e-mail]

[e-mail]



Telecom Egypt


Telecom Egypt, formerly known as Arento, was established in 1918 as the Egyptian
telegraph and telephone administration. Today it is the incumbent operator of
telecommunications in Egypt, also providing the infrastructure for the 60
existing Internet Service Providers in 18 regions within Egypt. Its services
include Basic Telephony, International services for telephony and leased lines,
Frame relay, ATM, ISDN, Intelligent Networks, Voice over IP gateways, DSL
services, VSAT hub and hubless operation.  The company also provides all the
transmission facilities in Egypt.  For more information please visit the website
http://www.telecomegypt.com.eg




Intec Telecom Systems

Intec Telecom Systems is an award-winning worldwide Operations Support Systems
("OSS") vendor for fixed, mobile and IP/next-generation networks, with more than
250 customers for its products worldwide.  Founded in 1997, Intec was listed on
the London Stock Exchange (Code: ITL.L) in June 2000. Intec is the market leader
in intercarrier billing systems and one of the largest suppliers of convergent
mediation software. The company is currently listed in Deloitte Touche
Tohmatsu's top 500 fastest growing companies in Europe, and received the
prestigious Queen's Award for Enterprise in April 2002 for its success in
growing international sales by almost 400% in 3 years. Intec's portfolio
includes:

•         Inter-mediatETM - convergent mediation solution

•         InterconnecTTM - intercarrier billing including US CABS and ITU

•         Inter-activatETM - flow-through provisioning and activation

Intec's customer base includes, among others, AT&T, BellSouth, BellSouth Peru,
Brazil Telecom, Cable & Wireless, Cesky Telecom (Czech Republic), COLT
Telecommunications, EBT (Taiwan), France Telecom, Hutchison 3G, ITXC, Maroc
Telecom, Maxis (Malaysia), Singtel Optus (Australia), Orange, Telecom Argentina,
Telecom Egypt, Telecom Italia, TPSA (Poland), Swisscom, T-Mobile International,
Telia (Sweden), Telkom South Africa, Telstra, US Cellular, Westel (Hungary),
Vodafone and Verizon. For more information on Intec Telecom Systems, visit the
website at http://www.intec-telecom-systems.com.



Giza Systems



Giza Systems is a leading solutions provider with an established presence in the
Middle East and Africa. Incorporated in 1974, Giza Systems has been the pioneer
in information technology in the region for more than two decades. We offer
solutions for Telecommunications, Banking and Finance, oil and gas, and
Networking.

Giza Systems is committed to providing state-of-the-art technology solutions
that are complete, secure and adhering to the highest quality standards.

Giza Systems has a profound understanding of the Middle East culture, values and
business practices. This combined with our technical expertise and proven
experience in implementing effective solutions, and providing excellent service
and support accounts for most of our success in the Arab world. Our alliances
with global leaders enable us to provide international IT solutions to our
customers by customizing them to suit local requirements.

http://www.gizasystems.com






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