GO plc - Sale of Government’s Shareholding to Emirates International Telecommunications (Malta) Ltd

Maltacom plc announces that today (15 May 2006) it has been informed by the Privatisation Unit that the Government of Malta has authorised the sale of its 60% shareholding in Maltacom plc to Emirates International Telecommunications (Malta) Limited, a Company which forms part of the same Group of Companies of Tecom Investments FZ-LLC (Tecom). The agreed price is Lm94.446 million which is equivalent to Lm1.554 per share. The share purchase agreement will be signed on Wednesday 17 May 2006.

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