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Investcom LLC (INVT)

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Friday 14 October, 2005

Investcom LLC

Investcom Greenshoe Exercised

Investcom LLC
14 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.


Stabilisation/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 BECOMES FIRST COMPANY TO LIST ON DIFX
                        Over-Allotment Option Exercised


London, 14 October 2005 - Investcom (INVT), the international mobile
telecommunications operator, today became the first company to list on the Dubai
International Financial Exchange (DIFX).

Investcom also announced that today the over-allotment option of 2,999,771 GDSs
was exercised in full.  This brings the total number of Investcom GDSs sold in
the IPO to 62,995,199.
     
•    The company becomes the first to list on the DIFX following its successful 
     initial public offering of 59,995,428 GDSs on the London Stock
     Exchange (LSE) on 11 October, 2005

•    The total size of the transaction is $778 million, (including the greenshoe 
     option) valuing the company at $3.3 billion at IPO, making the offering the 
     biggest international offering by a Middle Eastern company

•    The offering was priced at the top of the price range, or US$12.35 per
     Global Depositary Share (GDS), with each GDS representing 5 ordinary 
     Investcom shares

•    Citigroup acted as Global Co-ordinator for the IPO and Citigroup and
     HSBC acted as Joint Bookrunners


                                    - 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 Areeba(TM) brand, in Syria, Ghana, Yemen, Benin, Liberia, Cyprus,
Guinea-Bissau and Sudan. Investcom has also recently been awarded GSM licenses
to build and operate a mobile network in Guinea and won a bid for a GSM license
in Afghanistan, 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]




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

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