JT Annual General Assembly Meeting

(Amman, Tuesday 17 April 2007) The Jordan Telecom (JT) General Assembly holds its ordinary annual meeting today, Tuesday, 17 April 2007, at the Crown Plaza hotel, Amman.  The meeting will discuss items listed on the Agenda, and will accordingly take appropriate decisions.

The meeting will be chaired by Dr Shabib Ammari, Chairman of the Board of Directors of JT. First, the meeting will review the minutes of the last Ordinary General Assembly meeting.  Following that a discussion of the Board of Directors report for the year ended 31 December 2006.  The External Auditors report on consolidated financial statements will then be presented.

Discussions will also tackle the consolidated balance sheet, income statements as of 31/12/2006, and defining the dividends that the JT Board of Directors has recommended for distribution, amounting to JD 85 million at the rate of 340 fils per share.  The discussion will also cover any other matters the General Assembly proposes for inclusion in the Agenda, being a concern of the ordinary meeting of the General Assembly deliberations,   provided such proposals of inclusion in the Agenda are agreed by no less than 10% of total shares present at the meeting.

Ownership of JT shares are distributed at 51% for JITCO – fully owned by France Telecom, 14.65% owned by the Government of Jordan, 17.5% owned by the Social Security Corporation, and 10% owned by Noor  Telecom