| SAUDI ARABIA MOBILE DEMAND - June 2005 |
| | UNITS | 2001A | 2002A | 2003A | 2004A | 2005E | 2006E | 2007E | 2008E | 2009E | 2010E |
| DEMOGRAPHICS |
| Population | [000] | 22,830 | 23,520 | 24,220 | 24,950 | 25,700 | 26,470 | 27,260 | 28,080 | 28,880 | 29,886 |
| Nominal GDP | [US$m] | 183,257 | 188,803 | 214,748 | 236,828 | 269,619 | 263,977 | 260,509 | 266,183 | 278,823 | 299,757 |
| Real Growth Per Capita | [%] | -2.45 | -2.81 | 4.00 | 2.00 | 1.60 | -0.50 | -0.50 | -0.70 | -0.60 | -0.70 |
| Nominal GDP Per Capita | [US$] | 8,027 | 8,027 | 8,867 | 9,490 | 10,490 | 9,970 | 9,560 | 9,480 | 9,660 | 10,030 |
| PPP Adjusted GDP Per Capita | [US$] | 10,246 | 10,122 | 10,728 | 11,200 | 11,760 | 12,090 | 12,330 | 12,510 | 12,730 | 13,028 |
| Consumer Price Inflation | [%] | -1.10 | 0.20 | 0.61 | 0.40 | 0.60 | 0.50 | 0.50 | 0.60 | 0.60 | 1.58 |
| Local Currency / US$ | [LCU / US$] | 3.75 | 3.75 | 3.75 | 3.75 | 3.75 | 3.75 | 3.75 | 3.75 | 3.75 | 3.75 |
| MOBILE PENETRATION OF POPULATION |
| Main Lines | [%] | 14.8% | 15.2% | 15.2% | 15.1% | 14.9% | 14.7% | 14.5% | 14.3% | 14.3% | 14.2% |
| Mobile Subscriptions | [%] | 14.0% | 21.3% | 30.2% | 36.1% | 44.9% | 51.9% | 57.2% | 61.7% | 65.9% | 69.1% |
| Prepaid | [%] | 1.8% | 8.5% | 15.7% | 21.3% | 28.3% | 33.3% | 36.8% | 40.0% | 43.5% | 46.3% |
| Postpaid | [%] | 12.2% | 12.8% | 14.5% | 14.7% | 16.6% | 18.6% | 20.3% | 21.7% | 22.4% | 22.7% |
| MOBILE SUBSCRIPTIONS BY NETWORK OPERATOR |
| Total Mobile Subscriptions | [000] | 3,195 | 5,000 | 7,306 | 9,000 | 11,539 | 13,738 | 15,579 | 17,325 | 19,032 | 20,636 |
| STC | [000] | 3,195 | 5,000 | 7,306 | 9,000 | 10,431 | 11,374 | 11,910 | 12,037 | 12,111 | 12,230 |
| Etisalat | [000] | 0 | 0 | 0 | 0 | 985 | 1,967 | 3,000 | 4,338 | 5,737 | 7,044 |
| Operator 3 | [000] | 0 | 0 | 0 | 0 | 123 | 397 | 669 | 950 | 1,184 | 1,361 |
| MOBILE SUBSCRIPTIONS BY TYPE OF PACKAGE |
| Prepaid | [000] | 412 | 2,000 | 3,799 | 5,324 | 7,274 | 8,809 | 10,041 | 11,232 | 12,561 | 13,851 |
| STC | [000] | 412 | 2,000 | 3,799 | 5,324 | 6,683 | 7,579 | 8,089 | 8,209 | 8,279 | 8,393 |
| Etisalat | [000] | 0 | 0 | 0 | 0 | 591 | 1,229 | 1,952 | 3,023 | 4,282 | 5,458 |
| Operator 3 | [000] | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Postpaid | [000] | 2,783 | 3,000 | 3,507 | 3,676 | 4,265 | 4,929 | 5,539 | 6,093 | 6,471 | 6,785 |
| STC | [000] | 2,783 | 3,000 | 3,507 | 3,676 | 3,748 | 3,795 | 3,822 | 3,828 | 3,832 | 3,838 |
| Etisalat | [000] | 0 | 0 | 0 | 0 | 394 | 738 | 1,047 | 1,315 | 1,455 | 1,586 |
| Operator 3 | [000] | 0 | 0 | 0 | 0 | 123 | 397 | 669 | 950 | 1,184 | 1,361 |
| CHURN |
| Annual Churn Rate | [%] | 0% | 2% | 2% | 2% | 6% | 8% | 10% | 12% | 13% | 14% |
| By Operator |
| STC | [%] | 0% | 2% | 2% | 2% | 6% | 8% | 11% | 13% | 14% | 14% |
| Etisalat | [%] | 0% | 0% | 0% | 0% | 1% | 3% | 7% | 10% | 12% | 14% |
| Operator 3 | [%] | 0% | 0% | 0% | 0% | 1% | 2% | 5% | 7% | 9% | 10% |
| MOBILE SUBSCRIPTIONS BY TECHNOLOGY |
| Total Mobile Subscriptions | [000] | 3,195 | 5,000 | 7,306 | 9,000 | 11,539 | 13,738 | 15,579 | 17,325 | 19,032 | 20,636 |
| Analog | [000] | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Digital Trunking | [000] | 0 | 0 | 0 | 0 | 123 | 397 | 669 | 950 | 1,184 | 1,361 |
| GSM | [000] | 3,195 | 4,995 | 7,269 | 8,820 | 11,131 | 12,774 | 14,135 | 15,180 | 16,197 | 17,424 |
| TDMA | [000] |
| CDMA One | [000] |
| HSCSD | [000] |
| PAS | [000] |
| PHS | [000] |
| PDC | [000] |
| GSM/GPRS | [000] | 0 | 5 | 37 | 180 | 285 | 467 | 596 | 704 | 714 | 694 |
| GSM/EDGE | [000] | 0 | 0 | 0 | 0 | 0 | 67 | 119 | 328 | 625 | 771 |
| CDMA 1X | [000] |
| CDMA2000 (EV/3X) | [000] |
| UMTS | [000] | 0 | 0 | 0 | 0 | 0 | 33 | 60 | 164 | 312 | 385 |
| USAGE |
| Average Monthly Voice MOU | [min] | 281 | 234 | 211 | 206 | 206 | 208 | 207 | 205 | 202 | 198 |
| By Operator |
| STC | [min] | 281 | 234 | 211 | 206 | 200 | 196 | 190 | 185 | 179 | 174 |
| Etisalat | [min] | 0 | 0 | 0 | 248 | 240 | 235 | 228 | 222 | 215 | 208 |
| Operator 3 | [min] | 0 | 0 | 0 | 227.0268 | 220.215996 | 215.81167608 | 209.3373257976 | 203.0572060237 | 196.965489843 | 191.0565251477 |
| AVERAGE REVENUE PER SUBSCRIPTION |
| Aggregate Mobile | [US$/month] | 76 | 70 | 56 | 48 | 42 | 38 | 35 | 34 | 32 | 31 |
| By Operator |
| STC | [US$/month] | 76 | 70 | 56 | 48 | 42 | 37 | 35 | 33 | 32 | 31 |
| Etisalat | [US$/month] | 0 | 0 | 0 | 0 | 44 | 39 | 36 | 34 | 33 | 32 |
| Operator 3 | [US$/month] | 0 | 0 | 0 | 0 | 43 | 38 | 36 | 34 | 33 | 32 |
| By Service Area |
| Voice | [US$/month] | 73 | 67 | 53 | 45 | 39 | 34 | 32 | 30 | 29 | 28 |
| Messaging | [US$/month] | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Data/Internet | [US$/month] | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| TOTAL MOBILE REVENUES |
| By Type of Application | [US$m] | 2,133 | 3,455 | 4,151 | 4,675 | 5,136 | 5,703 | 6,221 | 6,645 | 7,061 | 7,484 |
| Voice Revenue | [US$m] | 2,044 | 3,313 | 3,937 | 4,376 | 4,751 | 5,190 | 5,605 | 5,934 | 6,270 | 6,646 |
| Activation Fees | [US$m] | 154 | 138 | 91 | 79 | 56 | 46 | 31 | 30 | 14 | 7 |
| Outgoing Voice | [US$m] | 1,784 | 3,002 | 3,638 | 4,063 | 4,386 | 4,802 | 5,170 | 5,472 | 5,797 | 6,152 |
| Incoming Voice | [US$m] | 0 | 0 | 0 | 0 | 51 | 57 | 93 | 100 | 106 | 112 |
| Voice VAS | [US$m] |
| In-Country Roamers | [US$m] | 107 | 173 | 208 | 234 | 257 | 285 | 311 | 332 | 353 | 374 |
| Data Revenue | [US$m] | 89 | 142 | 214 | 299 | 385 | 513 | 616 | 711 | 791 | 838 |
| Messaging | [US$m] | 88 | 138 | 208 | 281 | 349 | 456 | 529 | 598 | 650 | 689 |
| Mobile Internet Access | [US$m] | 1 | 4 | 6 | 19 | 36 | 57 | 87 | 113 | 141 | 150 |