ADIC MENA Partners to acquire OrasInvest

Notes and media contacts

About ADIC MENA Partners LP Fund:

Abu Dhabi Investment Company's Private Equity division launched the ADIC MENA Partners LP fund, a $500m buy-out fund with a commitment from Abu Dhabi Investment Company of $100m, which will be closed early next year. The fund's proceeds will be invested in buying-out regional companies for majority stakes. The ideal transaction size for one company would be between $75-200m and the countries focused on include MENA, Pakistan, and Turkey. The fund is being marketed to Institutional Investors and High Net-Worth Individuals (HNWIs), as the minimum subscription is $5m.

About ADIC (Abu Dhabi Investment Company):

Abu Dhabi Investment Company (ADIC), the first investment company in the United Arab Emirates, is one of the leading financial services firms in the region. Established by Emiri Decree on February 24, 1977, and owned by Abu Dhabi Investment Council, ADIC has delivered excellence in treasury and credit services, loan syndication, equity and debt underwriting, financial advisory, asset management and brokerage across a range of asset classes. As a result, the company has earned a reputation for professionalism, integrity, innovation, and market knowledge.

Pursuing a focused approach, ADIC today leverages its investment expertise across four strategic areas: Asset Management, Private Equity, Real Estate, and Infrastructure. In this way, the organization is able to offer targeted products and services to meet specific client requirements in markets across the globe, all while delivering superior risk-adjusted returns. With extensive knowledge of the Middle East and North Africa investment environment, unrivalled access to primary information on regional companies, both large and small, an understanding of the micro and macro economic environment and record of accomplishment across asset classes, ADIC is an ideal investment partner for institutions and high net worth individuals based in the region and beyond.

About Orascom Telecom:

Orascom Telecom is a leading international telecommunications company operating GSM networks in six high growth markets in the Middle East, Africa and South Asia, having a total population under license of approximately 440 million with an average mobile telephony penetration of approximately 44% as of June 30th, 2008. Orascom Telecom operates GSM networks in Algeria ("OTA"), Pakistan ("Mobilink"), Egypt ("Mobinil"), Tunisia ("Tunisiana"), Bangladesh ("Banglalink"), Zimbabwe ("Telecel Zimbabwe"), and has acquired in early 2008 a license to operate mobile services in North Korea. Orascom Telecom had over 77 million subscribers as of June 30th, 2008.

Orascom Telecom is traded on the Cairo & Alexandria Stock Exchange under the symbol (ORTE.CA, ORAT EY), and on the London Stock Exchange its GDR is traded under the symbol (ORTEq.L, OTLD LI).

For further information, please contact:

Sweety Darwish
Abu Dhabi Investment Company Corporate Communications
Tel +971 2 6296451
Fax +971 2 6655835