Wednesday, 5 March 2008

Tunc Holding AG: Tendering for projects in Cambodia, Laos and Burundi

ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement.

Tunc Telekomünikasyon, the Turkish subsidiary of Swiss Tunc Holding AG,announces its participation at the bid invitation of Timeturns Telecom Company(115446, Moscow, Kolomenskiy proezd, Building 14, 4th floor, Office 1, RussianFederation, Moscow Representation Office). Timeturns Telecom Company owns GSMlicenses of Laos, Burundi and Cambodia and was assigned by three GSM operatorsto develop the GSM networks in these countries. In case of an acceptance of thebid the agreement contains a volume of $ US 60 Mio. Within the scope of theseproject Tunc Telekomünikasyon would be responsible for planning and erection ofturnkey GSM networks (Network Implementation).

During a meeting with Bülent Recepoglu, CEO of Tunc Holding AG, and GeorgesMouhaweje Ghassan, General Manager of Timeturns Telecom Company, in Moscow onthe 1st March of 2008 the details of Tunc Telekomunikasyon A.S. bidding offerwere reviewed. Tunc Telekomunikasyon A.S. is planning to build 240 full turnkeystations for each country and to take over GSM stations maintenance-failureworks in Laos, Burundi and Cambodia.

With the participation Tunc Holding AG works on the intended expansion of itsoperational business to the countries of Southeast Asia. Tunc Holding was ableto establish itself already in 12 countries of Asia Minor, Central and WesternAsia as well as in Eastern Europe through its seven subsidiaries and severalprojects. For this reason and for beeing an experienced service provider thereis great confidence to achieve the acceptance of bid.

Tunc Holding AG has been founded in November 2007 and provides through its sevensubsidiaries engineering and support services in the area of telecommunicationssystems. Tunc Telekomünikasyon A.S. as operational nerve centre of the group islocated in Ankara, Turkey. The Turkish subsidiary operates as highly qualifiedprovider in the GSM sector since 1992. The broad range of services includes fromsite survey and infrastructure to the erection and maintenance oftelecommunications systems. Since 1996, the activities have been continuouslyexpanded to include the area of electricity distribution systems with associatedservices, renewable energy and internet technology.

The shares of Tunc Holding AG are traded in the Open Market of Deutsche BörseFrankfurt (ISIN: CH0036270582, WKN: A0M92R).

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