CELLCOM: Notice of initiation of offer

The introduction of the company "Cellcom" will be made by means of a Fixed Price Offer and a Global Placement representing , respectively, 70.00% (976,746 shares) and 30.00% (418,608 shares) % of the offering , representing a total of 1,395,354 shares.

465,118 shares will be sold by the current shareholders and 930,236 shares will be issued in a capital increase. The percentage of public dissemination reached 31.28% of the capital after the increase.

For this public offering, the share price has been set at 7 dinars, including commissions and taxes.