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GlobalTelecom Hdg - Global Telecom Holding Announcement

Amsterdam- Global Telecom Holding S.A.E., an Egyptian joint stock company, today announces that, as previously disclosed, on 19 November 2012 Atheer Telecom Iraq Limited initiated English High Court proceedings against Orascom Telecom Iraq Ltd. and GTH in relation to a dispute arising from 2007 sale of Iraqna, OTIL's Iraqi mobile subsidiary, to Atheer.

Amsterdam- Global Telecom Holding S.A.E., an Egyptian joint stock company, today announces that, as previously disclosed, on 19 November 2012 Atheer Telecom Iraq Limited initiated English High Court proceedings against Orascom Telecom Iraq Ltd. and GTH in relation to a dispute arising from 2007 sale of Iraqna, OTIL's Iraqi mobile subsidiary, to Atheer.

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