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

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Zürich (euro adhoc) - 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, Russian Federation, Moscow
Representation Office). Timeturns Telecom Company owns GSM licenses
of Laos, Burundi and Cambodia and was assigned by three GSM operators
to develop the GSM networks in these countries. In case of an
acceptance of the bid the agreement contains a volume of $ US 60 Mio.
Within the scope of these project Tunc Telekomünikasyon would be
responsible for planning and erection of turnkey GSM networks
(Network Implementation).

During a meeting with Bülent Recepoglu, CEO of Tunc Holding AG, and
Georges Mouhaweje Ghassan, General Manager of Timeturns Telecom
Company, in Moscow on the 1st March of 2008 the details of Tunc
Telekomunikasyon A.S. bidding offer were reviewed. Tunc
Telekomunikasyon A.S. is planning to build 240 full turnkey stations
for each country and to take over GSM stations maintenance-failure
works in Laos, Burundi and Cambodia.

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

Tunc Holding AG has been founded in November 2007 and provides
through its seven subsidiaries engineering and support services in
the area of telecommunications systems. Tunc Telekomünikasyon A.S. as
operational nerve centre of the group is located in Ankara, Turkey.
The Turkish subsidiary operates as highly qualified provider in the
GSM sector since 1992. The broad range of services includes from site
survey and infrastructure to the erection and maintenance of
telecommunications systems. Since 1996, the activities have been
continuously expanded to include the area of electricity distribution
systems with associated services, renewable energy and internet
technology.

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

end of announcement euro adhoc
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ots Originaltext: TUNC Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Tunc Holding AG

T. Fikret Baran

Nordstrasse 89

8037 Zürich

Phone: +41 (0) 44 200 28 30

Fax: +41 (0) 44 200 28 31

Branche: Telekommunikation

Branche: Telecommunications Equipment
ISIN: CH0036270582
WKN: A0M92R
Börsen: Börse Frankfurt / free trade