Investor Presentaiton

Net Loss & Distributable Profits Year-on-Year Comparison FY 10 FY11 FY 12 (197) (304) (673) (601) (82) (486) • 19% improvement in Net Loss year-on-year • Full year Distributable Profits improve 58% to a loss of QR82m • Improvements driven by increase in EBITDA Distributable Profits (Net Loss plus Amortisation) Amortisation (Annual Amortisation of the QR 7.7bn license fee is QR 404 million) Whilst the amortisation of the mobile licence is a considerable expense, it is a non-cash item and has no impact on the cash flows of the business. • Annual Distributable Profits is the measure on which dividends will be based 9 FY Financial Results | 31 March 2012

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