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OMANTEL COMPLETES ACQUISITION OF ZAIN SHARES 11/12/17

Talal Said Marhoon Al Mamari, Chief Executive Officer, Omantel: “This is an historical moment for Omantel and Zain. Together, we have created a new regional telecoms group that will drive the digitisation of Oman and the wider region. Our new scale and diversification will allow us to focus on digital transformation, to generate further revenue growth and accelerate the introduction of innovative products and services that will enable our region to digitize.

OMANTEL OFFERS TO PURCHASE AN ADDITIONAL 12.1% OF ZAIN GROUP - Omantel signs SPA with Al Khair National Company - Omantel will become second largest shareholder with 21.9% 10/26/17

Oman Telecommunications S.A.O.G. (‘Omantel’ or the ‘Company’), the first and leading integrated telecommunications services provider in Oman and Al Khair National for Stocks & Real Estate Company W.L.L., Kuwaiti British Readymix Company W.L.L., and Gulf National Holding Company K.S.C.C. (collectively the ‘Sellers’) announce they have signed a share purchase agreement (‘SPA’) to sell 521,975,416 million ordinary shares, or 12.1% of the total fully paid and issued share capital, in Mobile Telecommunications Company KSCP (‘Zain’) to Omantel for a total cash consideration of US$1.35 billion (OMR520 million), at an offer price of KWD 0.781 per share.

Zain and Omantel complete treasury share sale on Boursa Kuwait for USD 846.1 million 8/24/17

Omantel wins auction bid for a 9.84% stake in Zain at KWD 0.600 per share • Zain Vice-Chairman and Group CEO, Bader Al-Kharafi: “This deal provides impetus to Zain’s business and digital growth strategy and is value-enhancing to all our stakeholders on multiple fronts” • Omantel CEO, Talal Said Al-Mamari: “This strategic stake increases Omantel’s regional footprint, as we explore collaboration with Zain in line with our Corporate Strategy “Omantel 3.0” • Boursa Kuwait CEO, Khaled Al-Khaled: “The transaction highlights the growing trust and confidence investors have in Kuwait listed corporations”

OMANTEL AGREES TO ACQUISITION OF MINORITY STAKE IN ZAIN 8/10/17

Oman Telecommunications Company (‘Omantel’ or the ‘Company’), the first and leading integrated telecommunications services provider in Oman announces a share purchase agreement (‘SPA’) whereby Omantel will purchase 425.7 million of Mobile Telecommunication Company’s (Zain) treasury shares in a cash transaction at an offer price of KWD 0.60 per share – subject to regulatory approval.