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Investcom LLC (INVT)

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Thursday 06 October, 2005

Investcom LLC

First Day of Trading

Investcom LLC
06 October 2005


This document is only being distributed to and is only directed at (i) persons
who are outside the United Kingdom or (ii) to investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2001 (the 'Order') or (iii) high net worth entities, and other
persons to whom it may lawfully be communicated, falling within Article 49(2)(a)
to (d) of the Order (all such persons together being referred to as 'relevant
persons'). The securities are only available to, and any invitation, offer or
agreement to subscribe, purchase or otherwise acquire such securities will be
engaged in only with, relevant persons. Any person who is not a relevant person
should not act or rely on this document or any of its content.


Stabilization/FSA


These materials are not an offer for sale of the securities in the United
States. The securities may not be offered or sold in the United States absent
registration or an exemption from registration under the U.S. Securities Act of
1933, as amended. The issuer of the securities has not registered, and does not
intend to register, any portion of the offering in the United States, and does
not intend to conduct a public offering of securities in the United States.



                            INVESTCOM FINALISES IPO

               Final Price of $12.35 per Global Depositary Share

                          Offer size of $741 million


London, 6 October 2005 - Investcom, the international mobile telecommunications
operator, today announced the final details of its IPO.



•  The offering was priced at US$12.35 per Global Depositary Shares
   (GDSs) with each GDS representing 5 ordinary shares of Investcom.


•  The Company and selling shareholders are offering 59,995,428 GDSs to
   be listed on the London Stock Exchange (LSE) and the Dubai International
   Financial Exchange (DIFX)


•  The offering represents 22.6% of Investcom's outstanding share capital
   at IPO


•  The underwriters have also been granted an over-allotment option of 5%
   of the offer


•  Conditional trading of GDSs commences on the London Stock Exchange
   today, 6 October, 2005, subject to admission becoming effective on or about
   October 11, 2005


•  Citigroup acted as Global Co-ordinator and Joint Bookrunner on this
   IPO. HSBC was Joint Bookrunner


Based on the offer price, Investcom's market capitalisation is approximately
US$3.3 billion.


Azmi Mikati, Chief Executive of Investcom, today said, 'We are delighted to have
completed this IPO so successfully. We look forward to continuing to implement
our strategy and develop our business as a publicly listed company.'

                                    - Ends -

About Investcom

Investcom (www.investcomholding.com) is an international provider of mobile
telecommunications services with operations in eight countries in the Middle
East, Africa and Europe. As of June 2005, Investcom had a total of approximately
3.3 million managed customers. The company operates GSM networks, mostly under
the AreebaTM brand, in Syria, Ghana, Yemen, Benin, Liberia, Cyprus,
Guinea-Bissau and Sudan. Investcom has also recently been awarded GSM licenses
to build and operate mobile networks in Afghanistan and Guinea, expanding its
operations to ten countries and boosting its combined population under license
to approx. 147 million.


The company also provides international carrier services, principally through
its operations in Monaco, fixed telephony services in the United Kingdom and
telecommunications engineering and consulting services.

For more information please contact:

Capital MS&L for the Company

Neil Doyle on +44 20 7307 5335 or +44 777 1978 220 or on
[email protected]

Claire Maloney on +44 20 7307 5341 or +44 777 0958 479 or on
[email protected]

Citigroup

Jeremy Hughes on +44 20 7986 5607 or +44 7747 603 117 or on
[email protected]


HSBC

Malcolm Wallis on +44 20 7991 3876 or +44 7774 556 416 or on
[email protected]


              NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES



                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                              

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