Petition for the Winding Up of Warid Telecom (Private) Limited

Islamabad—We refer to the Public Notice issued on 30th September, 2010 by the Deputy Registrar of the Lahore High Court in respect of the Petition for the Winding Up of Warid Telecom (Private) Limited (Warid) presented by Huawei Technologies Co., Limited (Huawei).

Huawei petition is a vendor dispute which Warid and Huawei are in discussions to resolve amicably, failing which Warid intends to vigorously defend the claims initiated by Huawei. Warid is one of the leading telecom companies of Pakistan providing GSM services to its loyal and ever increasing 17 million subscriber base. Warid has achieved its current market position through focus on customer service and innovation, recognised for its superior quality of network and strong brand image.

Warid is a joint venture between Abu Dhabi Group and SingTel of Singapore. Abu Dhabi Group is one of largest foreign investors in Pakistan having diversified business interests ranging from Banking, Insurance, Media and Real estate, namely Bank Alfalah Ltd., United Bank Ltd., Wateen Telecom etc. Warid thanks millions of its satisfied customers for their support and ensure them that the company will continue to seek further growth opportunities to enhance their telecom experience.

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