Orascom Telecom Media and Technology Holding S.A.E. announced that at the ordinary General Assembly Meeting held on June 28, 2012, the shareholders approved to distribute dividends of EGP 1.05 per share (EGP 5.25 per Global Depositary Receipt to be converted at the prevailing USD to EGP exchange rate at the time of payment). Record date is July 16, 2012 and payment date is July 19, 2012. The company approved the appointment of Karim Beshara as CEO.