Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

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We store and use information you provide as follows:

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We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


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Orange S.A. (OGE)

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Tuesday 02 July, 2002

Orange S.A.

Egypt - Mobinil Acquisition

Orange S.A.
2 July 2002


                Egyptian acquisition in line with IPO intention

London. 2 July 2002. Orange SA, one of the world's largest mobile communications
companies, today announced that it has agreed to acquire the 71.25 per cent
stake in the Egyptian operation MobiNil Telecommunications S.A.E. (MobiNil)
currently owned by France Telecom. This is in line with the intention expressed
at the time of the IPO of Orange in February 2001. The addition of Egypt means
Orange will have operations in 22 countries across Europe and beyond.

Orange will acquire joint control of MobiNil with Orascom Telecom Holding S.A.E.
as its partner. MobiNil owns 51 per cent of Egyptian Company for Mobile Services
S.A.E. (ECMS). ECMS was formed in 1998 and awarded its GSM900 licence the same
year. ECMS markets its services under several brands including MobiNil, Moga and
Alo. With 2.10 million active subscribers at 31 March 2002, ECMS is Egypt's
number one provider of wirefree services. In the year ended 31 December 2001,
ECMS recorded consolidated revenue of E£2,320 million (€507 million at E£4.58:
€1), EBITDA of E£1,065 million (€233 million) at a margin of 45.9 per cent, and
net profit of E£341 million (€74 million). The transaction will have a
significant positive impact on the Orange Rest of the World segment.

Commenting on the acquisition, Jean-Francois Pontal, CEO of Orange SA, said: 'We
are pleased to be adding ECMS to the Orange group, thereby expanding the Orange
footprint to a country with almost 70 million inhabitants and adding a valuable
asset to Orange's portfolio.'

As part of the France Telecom group, ECMS is already an active participant in
Orange's value creation teams and Orange's international division has been
represented on the Board of Directors of ECMS since 2001. Orange believes that
MobiNil can continue to deliver strong results in a currently under-penetrated
market with exciting growth potential.

The consideration for the acquisition - which will be funded through Orange's
existing shareholder loan facility with France Telecom - is €324 million in
cash. The acquisition price values ECMS (on an enterprise value basis) at 6.3 x
2001 EBITDA. The conditions relating to the transaction have now been met and
the acquisition is expected to become effective this month.


Notes to Editors

Orange, wirefree and any other Orange product or service referred to in this
release are trademarks of Orange. Orange is Europe's number two mobile operator
by footprint. The addition of the Egyptian operation means Orange will have
operations in 22 countries across Europe and beyond. As at the end of March
2002, Orange had over 12.7 million customers in the UK, 18.3 million in France
and approximately 40.5 million controlled customers worldwide. Orange provides a
broad range of personal communications services, including Orange GSM1800
services and other digital cellular telephone services.  Information about
Orange can be found on the Orange website at

For more information please call the Orange media centre on +44 207 984 2000 or
+44 7973 201 911

For enquiries regarding France Telecom, please call the France Telecom press
office on +33 1 4444 9393

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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