Pursuant to the resolution of the Extraordinary General Assembly held on Sunday, 23 March 2008, the Board of Directors of Qatar Telecom (Qtel) Q.S.C. announces to the shareholders the capital increase by 33.3% by way of issuing new shares at the rate of one share for every three shares held.
 
The right for subscription shall be given to the shareholders who are registered in the shareholders’ register with the Doha Securities Market (DSM), Bahrain Stock Exchange (BSE) and Abu Dhabi Securities Market (ADSM) at the closing of Wednesday, 28 May 2008, at the price of QR160 per share (QR10 nominal value plus QR150 premium), subject to the provisions of Articles (192, 193 & 195) of the Commercial Companies Law No. (5) for the year 2002.