Tunc Holding AG: Contract with an estimated value of US $ 15 m with Nokia Siemens Networks in Uzbekistan

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electronics/industry/shares/stock market/technology/telecommunication

Zürich (euro adhoc) - Last Tuesday, 25th March 2008, Tunc
Telekomünikasyon - the Turkish subsidiary of Tunc Holding AG - has
signed a contract with Nokia Siemens Networks
(www.nokiasiemensnetworks.com) on the collaboration for the mobile
network of Coscom LLC JV in Uzbekistan. The contract comprises a
value of US $ 15 m. Delta Telekom (Ergashev Str. 9, Tashkent), a
subsidiary of Turkish Tunc Telekomünikasyon, which was already
founded at the end of November 2007 in order to prepare the Coscom
project, will handle the work on site. Aside from the preparation of
250 sites, their power supply, and the following turnkey
implementation, Delta Telekom will also provide the required
equipment for this project. It is expected to increase the volume of
the contract during the course of this project.

As one of the leaders in the Uzbek telecommunications market Coscom
LLC JV (http://www.coscom.uz/ru, 118, Vokhidov Str., Tashkent,
Uzbekistan) builds up a countrywide new-technology network while
replacing the existing network and expanding the current network
coverage and capacity. For this operation Nokia Siemens Networks was
assigned. The planned network will be EDGE capable (Enhanced Data
Rates for GSM Evolution - a development of the GSM Technology). The
whole project is worth about US $ 152 m and will last for two years.

Tunc Holding AG was founded in November 2007 and provides engineering
and support services in the area of telecommunications systems
through its seven subsidiaries. The Tunc Holding subsidiaries are
active in twelve countries in Asia Minor, Western and Central Asia as
well as in Eastern Europe. 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 services include a broad range from site survey and
infrastructure to the implementation 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: Telekommunikation

ISIN: CH0036270582

WKN: A0M92R

Börsen: Börse Frankfurt / Freiverkehr

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