Dubai, UAE, 21 April 2013: Emirates Integrated Telecommunications Company ("du") today announced the details of the AED 0.30 cash dividend payment approved at its Annual General Meeting on 25 March 2013 and also started the process of its distribution.

Shareholders who were registered in the Company's share book as on Sunday of 4 April 2012 are entitled to receive the dividend effective today, Sunday 21 April 2013.

The distribution of the cash dividend of AED 0.30 per share will commence today, Sunday 21 April 2013. The National Bank of Abu Dhabi, du's registrar, will be handling all matters related to the distribution of the cash dividend.

"2012 was a year earmarked for delivering sustainable value; not just to our shareholders, customers and employees - but largely to the economy and importantly the country. The du story in 2012 is one of empowerment. Today du has firmly positioned UAE in the global arena as the ICT hub; fostering entrepreneurship, innovation and a conducive business climate equipped with best ICT infrastructure - making UAE the window to access the greater Middle East region," said Ahmad Bin Byat, Chairman of du. 

Elaborating on du's 2012 performance; Byat added, "We closed the year with a positive cash flow for the second year in a row, ending the year with AED 1.75billion in free cash flow. Our financial position enabled us to declare a second dividend payment of AED 0.30 per share, representing a yield of 8.60%. This is an increase of 100% cash dividend declared in the same period in 2011. This success we've achieved within a short span of 6 years is a reflection of our commitment, strong business fundamental and strategic direction set out to deliver value for all our stakeholders".     

Shareholders have two options to receive their cash dividends by way of a cheque or a Bank Transfer.  If shareholders want to receive their dividends by bank transfer they must, either previously or should now, give our registrar National Bank of Abu Dhabi, their bank details

For further investor-related information, please visit our website at www.du.ae/about or contact the National Bank of Abu Dhabi at 02-6161800. Working hours is Sunday to Thursday from 8:00 am to 4:00 pm.

-Ends-

About du
We opened for business in 2006. We offer mobile and fixed telephony, broadband connectivity and IPTV services to individuals, homes and businesses. We also provide carrier services for businesses and satellite up/downlink services for TV broadcasters.

As a rapidly-growing enterprise, we have a team of experts working to enhance and expand our bouquet of service offerings. Our people come from over 60 countries - we mirror the rich cultural diversity of our nation, while being able to serve our customers in a variety of languages.

Over 50% of our senior management team and customer-facing employees are UAE nationals, and we remain committed to providing fulfilling opportunities for quality talent in a cosmopolitan working environment.

By the end of 2012, more than 6.45 million people and over 50,000 businesses have chosen to use our services. In a survey conducted by ARC Chart, we were named the Best Mobile Broadband Network 2012 in the Middle East and Africa region. We also ranked first in MENA's Standard & Poor/Hawkamah Environmental, Social and Corporate Governance Index in 2011.

du is 39.5 percent owned by Emirates Investment Authority, 20.081 percent by Mubadala Development Company PJSC, 19.5 percent by Emirates Communications and Technology LLC and the remaining stake by public shareholders. du is listed on the Dubai Financial Market (DFM) and trades under the name 'du'.

For further information, please contact:
Saugat Chatterjee
Public Relations Manager
Brand & Communications
du
Mobile: +971 55 9367045
Email: saugat.chatterjee@du.ae

Reka Sepsy
LeoComm PR
Tel: +971 4 367 6154
Mobile: +971 55 220 68 20
Fax: +971 4 367 2615
Email: reka.sepsy@leocommpr.com

© Press Release 2013