Financial and Subscriber Highlights
Ø Gross Revenues of BD304.7M (US$808.2M) for the year;

Ø EBITDA of BD101.8M (US$270.0M) representing a 33% margin for the full year; adjusted EBITDA normalised for one-offs was BD123.0M (US$326.0) at 40%;

Ø Consolidated Net Profit of BD60.3M (US$160.0M) for the year;

Ø Subscriber base of 7.8 million, an increase of 18% YoY, when normalized. This includes 17% growth in mobile customers and 52% growth of the broadband subscriber base;

Ø Continued diversification of Group revenues with 41% of revenues and 39% of EBITDA now sourced from markets outside Bahrain;

Ø Successful execution of growth strategy with announced plans to acquire equity interest in Cable & Wireless Communications' (CWC) operations across 11 new markets to support greater diversification, revenue and subscriber growth;

Ø Progress on cost leadership, with the launch of restructuring programme, which will drive savings of BD20M annually from 2014 onwards;

Ø Significant cash and bank balances totaling BD95.0M (US$252.0M) at year end and low debt;

Ø Recommended cash dividends of BD36.0M (US$95.5M) for the full year, equivalent to 25 fils per share, marking ongoing ability to deliver value to shareholders; and 10% bonus share issue, awarding one extra share for every 10 shares currently held by the Company's shareholders.

Ø A sound overall financial position as affirmed by a continued Investment Grade Credit Ratings from Fitch and Standard & Poor's Ratings Services.

This press release has been issued by Batelco Corporate Affairs department.

For further information, please contact Batelco Public Relations Office

Public.Relations@btc.com.bh / Fax +973 17611898