Emirates Telecommunication Group Company

Emirates Telecommunication Group Company ("e&") has agreed with PPF Group to acquire a controlling stake in PPF Telecom Group’s assets in Bulgaria, Hungary, Serbia and Slovakia. Completion of the transaction remains subject to regulatory approvals and certain closing conditions. Deloitte Central Europe (together with Deloitte Middle East) has provided financial, tax due diligence support and SPA advisory to e& throughout the deal.