NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

Offer for the purchase of Orascom Telecom Holding’s shares by Baskindale Limited

Cairo/London, April 16th, 2013: Orascom Telecom Holding S.A.E. (“OTH”) announces that the Egyptian Financial Supervisory Authority (“EFSA”) has approved, on April 15th, 2013, the tender offer application (the “Tender Offer”) submitted to EFSA for the purchase of up to 5,245,690,620 shares of OTH, representing 100% of OTH’s shares, at a price of USD 0.70 per share by Baskindale Limited, a company based in Cyprus and wholly owned by Holdings & Investments Limited (“Altimo”). Altimo owns 47.85% of VimpelCom Ltd., the parent company of OTH. The Tender Offer states that VimpelCom has confirmed that it does not intend to tender its indirectly held 51.92% stake in the Company in response to the Tender Offer.

OTH also notes the announcement by Altimo dated April 16th, 2013 in respect of the Tender Offer. OTH shall review the Tender Offer and disclose any information relating to the Tender Offer in accordance with OTH’s disclosure obligations.

OTH will appoint an independent financial advisor to evaluate the Tender Offer and will disclose its Board of Directors’ opinion in respect of the Tender Offer within 15 business days.

Further announcements will be made by the Board of Directors in due course, as appropriate.

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About Orascom Telecom:

Orascom Telecom is a leading international telecommunications company operating GSM networks in high growth markets in the Middle East, Africa and Asia, having a total population under license of approximately 451 million with an average mobile telephony penetration of approximately 56% as of December 31st, 2012. Orascom Telecom operates GSM networks in Algeria (“OTA”), Pakistan (“Mobilink”) and (“banglalink”) and has an indirect equity shareholding in Globalive Wireless Canada (“Wind Mobile”). In addition it has an indirect equity ownership in Telecel Zimbabwe (Zimbabwe) and through its subsidiary Telecel Globe, OTH also operates in Burundi and the Central African Republic. Orascom Telecom reached approximately 85 million subscribers as of December 31st, 2012.

Orascom Telecom is traded on the Egyptian Exchange under the symbol (ORTE.CA, ORAT EY), and on the London Stock Exchange, its GDRs are traded under the symbol (ORTEq.L, OTLD LI).

Investor Relations Contacts:

[email protected] Tel+20(2)2461 5050/51 Fax +20(2)2461 5054/55 www.orascomtelecom.com