Tunc Holding AG: Contract with an estimated value of US $ 12 m with Huawei Technologies in Kuwait

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Zürich (euro adhoc) - Tunc Telekokmünikasyon A.S. - the Türkish
subsidiary of Tunc Holding AG - has signed a contract with Huawei
Technologies (Street no. 18, No 14, Jabra No. 10, Kuwait,
www.huawei.com) on the collaboration for implementation of new GSM
networks in Kuwait in the scope of the so called STC 3rd license
project. So the company´s offer given to Huawei this March was
accepted (cp. Corporate News of 03/14/08)

The contract comprises a value of US $ 12 m. It contains turnkey
services, civil work for base transceiver system sites,
infrastructure services, telecom implementation and comissioning
services. At the first stage Tunc Telekomünikasyon A.S. is going to
start building 40 sites with an estimated value of US $ 3 m. It is
expected that Tunc Telekomünikasyon A.S. is going to build 150 sites
with an estimated value of US $ 12 m in the scope of the project.

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