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Thursday, November 12 - 2009

Gulf Finance House signs strategic alliance with AT&T and NavLink

Gulf Finance House (GFH), originator of industry specific economic infrastructure initiatives across the Middle East, North Africa (MENA) and Asia, announced today a strategic alliance with AT&T and NavLink, a company in which AT&T has an equity holding.

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  • Left to right: Hisham Alrayes, Head of Venture Capital (GFH), Laurent Delifer Co-President & Chief Operations Officer ( Navlink) ,  Peter Panayiotou (Acting Chief Executive Officer - Gulf Finance House), John Gibson, President -Business Development ME and Africa (AT&T) and Jinesh Patel, Senior Executive Director- (GFH).
    Left to right: Hisham Alrayes, Head of Venture Capital (GFH), Laurent Delifer Co-President & Chief Operations Officer ( Navlink) , Peter Panayiotou (Acting Chief Executive Officer - Gulf Finance House), John Gibson, President -Business Development ME and Africa (AT&T) and Jinesh Patel, Senior Executive Director- (GFH).
Under the terms of this alliance, AT&T will make its advanced telecommunications infrastructure technology and implementation know-how available to commercial tenants across GFH's Energy and Telecom Cities. Energy City Qatar, and the Telecom City in Mumbai will be amongst the first to benefit from access to AT&T's global network.

This agreement builds on the previously announced memorandum of understanding signed by AT&T and NavLink with Energy City Qatar announced in March of this year.

This announcement underlines GFH's commitment to aggregating the very best partners in supporting its Energy and Telecom Cities worldwide.

Physical facilities will be built at each location to house the infrastructure required to equip a carrier class internet data centre (IDC) and a local network operations centre (NOC).

Accordingly, commercial tenants will enjoy access to the latest in reliable networking infrastructure that conforms to AT&T's standards.

AT&T will work with local network providers to deliver global and local network services for the tenants of these developments.

In the MENA region, AT&T and NavLink will together deliver and maintain the network management tools and utilize both the NOCs and IDCs to provide the complete range of world-class AT&T managed hosting services to the GFH developments' commercial tenants.

GFH is committed to providing the best telecom, wireless and data services to the future tenants of their Energy Cities, and believes this will deliver an environment that will attract the biggest names in the global energy sector.

"Our alliance with GFH and their pioneering projects in the region constitute a huge step forward in our support to the ever growing demand of high end communication infrastructure in the Middle East, North Africa and India," said John Gibson, president of AT&T Business Development for Middle East and North Africa.

"Energy Cities are the ideal vehicle for our objectives in the region and AT&T is pleased to play such an important role in these prestigious economic infrastructure projects."

Peter Panayiotou, Acting CEO of GFH said:, "We are committed to creating world- class facilities in all our Energy and Telecom Cities, and this can be achieved by choosing the best partners to support our vision. IT and communication infrastructure is increasingly acknowledged as the backbone of all commercial enterprises, therefore we have chosen world leaders, AT&T and NavLink,to fulfill our ambitions."
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Notes and media contacts

About Gulf Finance House
Founded in 1999, Gulf Finance House has grown rapidly to become one of the most respected investment banks in the Middle East region in terms of the quality and innovation of its product offerings. Over an eight-year period Gulf Finance House has successfully launched economic infrastructure development projects and investments with an aggregate end value exceeding US$12 billion and received numerous awards for its innovative approach to Islamic banking and finance. Its shares are actively traded on the London Stock Exchange (GDR), the Kuwait Stock Exchange, the Bahrain Stock Exchange and the Dubai Financial Market. 2007 was the most successful year in the banks' history, closing with a net profit of US$ 340 million, an increase of 61% compared to the previous year.

Reflecting its international reputation, Gulf Finance House has won numerous local and international awards, such as "Best Investment Bank" for three years in a row in 2005, 2006 and 2007, awarded by The Banker Middle East, "Bank of the Year 2006" awarded by the Arabian Business Magazine and "Best Islamic Real Estate Finance House" awarded by Euromoney.
About AT&T

AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com.

About NavLink

NavLink (www.navlink.com) is a leading provider of managed data services, managed hosting services, and managed enterprise networking solutions to medium and large enterprises in over 17 countries throughout Europe, the Middle East and Africa.

Founded in 1996, NavLink has built a strong reputation by delivering state-of-the-art business and technical consulting, enterprise networking, enterprise hosting, systems integration, and managed services. NavLink enjoys deep, strategic relationships with leading telecommunications carriers.

NavLink operates a carrier class data center in Nice, France part of AT&T's 38 global data centers. NavLink acts as AT&T's service delivery arm for enterprise customers in the Middle East and Africa. AT&T is a strategic investor in NavLink.

For further details contact:
Maheen Ali
Hill & Knowlton
Manama, Kingdom of Bahrain
Tel: +973 17 533532,
Fax: +973 17 533370

Safiya Khonji
Corporate Communications
Gulf Finance House
PO Box 10006, Manama, Kingdom of Bahrain
Tel: +973 17 538538 (Ext 437),
Fax: +973 17 530475

Ben Franz-Marwick
Investor Relations
Gulf Finance House
PO Box 10006, Manama, Kingdom of Bahrain
Tel: +973 17 538538 (Ext 601),
Fax: +973 17 530475

Danielle van den Berg
Director Corporate Affairs
PFC Energy International
19, Boulevard de la Foret
1009, Pully, Lausanne
Switzerland
Tel : +41 21 721 1443
Fax : +41 21 721 1444

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