| UNITED ARAB EMIRATES MOBILE DEMAND - June 2005 |
| | UNITS | 2001A | 2002A | 2003A | 2004A | 2005E | 2006E | 2007E | 2008E | 2009E | 2010E |
| DEMOGRAPHICS |
| Population | [000] | 3,488 | 3,754 | 4,041 | 4,340 | 4,640 | 4,940 | 5,259 | 5,599 | 5,961 | 6,347 |
| Nominal GDP | [US$m] | 69,227 | 71,170 | 79,804 | 89,734 | 90,107 | 87,414 | 87,777 | 88,142 | 88,509 | 88,877 |
| Real Growth Per Capita | [%] | -3.69 | -5.30 | -0.60 | -1.50 | -0.90 | -1.00 | -0.06 | -0.06 | -0.06 | -0.06 |
| Nominal GDP Per Capita | [US$] | 19,847 | 18,958 | 19,749 | 20,660 | 19,420 | 17,690 | 16,690 | 15,741 | 14,847 | 14,003 |
| PPP Adjusted GDP Per Capita | [US$] | 18,655 | 18,230 | 17,577 | 17,820 | 18,010 | 18,340 | 17,303 | 16,320 | 15,392 | 14,518 |
| Consumer Price Inflation | [%] | 2.70 | 2.90 | 3.10 | 3.60 | 3.30 | 3.00 | 2.70 | 2.43 | 2.19 | 1.97 |
| Local Currency / US$ | [LCU / US$] | 3.67 | 3.67 | 3.67 | 3.67 | 3.67 | 3.67 | 3.67 | 3.67 | 3.67 | 3.67 |
| MOBILE PENETRATION OF POPULATION |
| Main Lines | [%] | 29.3% | 28.0% | 27.2% | 27.0% | 26.4% | 26.0% | 25.8% | 25.4% | 25.0% | 26.3% |
| Mobile Subscriptions | [%] | 53.6% | 64.2% | 73.3% | 85.3% | 94.0% | 98.1% | 100.3% | 101.1% | 101.1% | 100.5% |
| Prepaid | [%] | 37.5% | 46.2% | 56.5% | 68.2% | 76.7% | 80.6% | 82.8% | 83.9% | 84.2% | 84.0% |
| Postpaid | [%] | 16.1% | 18.0% | 16.9% | 17.1% | 17.4% | 17.5% | 17.5% | 17.2% | 16.9% | 16.5% |
| MOBILE SUBSCRIPTIONS BY NETWORK OPERATOR |
| Total Mobile Subscriptions | [000] | 1,870 | 2,410 | 2,963 | 3,700 | 4,363 | 4,846 | 5,276 | 5,661 | 6,029 | 6,379 |
| Etisalat | [000] | 1,870 | 2,410 | 2,963 | 3,700 | 4,363 | 4,763 | 5,005 | 5,157 | 5,268 | 5,359 |
| Operator 2 | [000] | 0 | 0 | 0 | 0 | 0 | 83 | 271 | 504 | 761 | 1,019 |
| MOBILE SUBSCRIPTIONS BY TYPE OF PACKAGE |
| Prepaid | [000] | 1309 | 1735 | 2282 | 2960 | 3557 | 3981 | 4356 | 4695 | 5021 | 5331 |
| Etisalat | [000] | 1309 | 1735 | 2282 | 2960 | 3557 | 3909 | 4117 | 4246 | 4340 | 4418 |
| Operator 2 | [000] | 0 | 0 | 0 | 0 | 0 | 72 | 239 | 449 | 680 | 913 |
| Postpaid | [000] | 561 | 675 | 681 | 740 | 806 | 865 | 920 | 966 | 1008 | 1048 |
| Etisalat | [000] | 561 | 675 | 681 | 740 | 806 | 854 | 888 | 911 | 928 | 941 |
| Operator 2 | [000] | 0 | 0 | 0 | 0 | 0 | 11 | 31 | 55 | 80 | 106 |
| CHURN |
| Annual Churn Rate | [%] | 2% | 2% | 2% | 2% | 2% | 8% | 7% | 6% | 5% | 4% |
| By Operator |
| Etisalat | [%] | 2% | 2% | 2% | 2% | 2% | 8% | 7% | 6% | 5% | 4% |
| Operator 2 | [%] | 0% | 0% | 0% | 0% | 0% | 6% | 5% | 4% | 3% | 2% |
| MOBILE SUBSCRIPTIONS BY TECHNOLOGY |
| Total Mobile Subscriptions | [000] | 1,870 | 2,410 | 2,963 | 3,700 | 4,363 | 4,846 | 5,276 | 5,661 | 6,029 | 6,379 |
| Analog | [000] | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Digital Trunking | [000] |
| GSM | [000] | 1,870 | 2,392 | 2,788 | 3,385 | 3,834 | 4,024 | 4,232 | 4,447 | 4,652 | 4,855 |
| TDMA | [000] |
| CDMA One | [000] |
| HSCSD | [000] |
| PAS | [000] |
| PHS | [000] |
| PDC | [000] |
| GSM/GPRS | [000] | 0 | 18 | 175 | 300 | 442 | 581 | 679 | 766 | 860 | 944 |
| GSM/EDGE | [000] | 0 | 0 | 0 | 0 | 0 | 3 | 14 | 36 | 68 | 111 |
| CDMA 1X | [000] |
| CDMA2000 (EV/3X) | [000] |
| UMTS | [000] | 0 | 0 | 0 | 15 | 87 | 238 | 350 | 413 | 448 | 469 |
| USAGE |
| Average Monthly Voice MOU | [min] | 281 | 274 | 268 | 262 | 258 | 256 | 255 | 255 | 254 | 254 |
| By Operator |
| Etisalat | [min] | 281 | 274 | 268 | 262 | 258 | 256 | 254 | 254 | 253 | 253 |
| Operator 2 | [min] | 0 | 0 | 0 | 0 | 0 | 281 | 276 | 269 | 263 | 257 |
| AVERAGE REVENUE PER SUBSCRIPTION |
| Aggregate Mobile | [US$/month] | 52 | 42 | 41 | 41 | 41 | 40 | 39 | 38 | 37 | 36 |
| By Operator |
| Etisalat | [US$/month] | 52 | 42 | 41 | 41 | 41 | 40 | 39 | 38 | 37 | 36 |
| Operator 2 | [US$/month] | 0 | 0 | 0 | 0 | 0 | 39 | 37 | 36 | 35 | 35 |
| By Service Area |
| Voice | [US$/month] | 51 | 42 | 40 | 40 | 39 | 38 | 36 | 35 | 34 | 32 |
| Messaging | [US$/month] | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| Data/Internet | [US$/month] | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| TOTAL MOBILE REVENUES |
| By Type of Application | [US$m] | 1,027 | 1,088 | 1,331 | 1,642 | 1,967 | 2,202 | 2,345 | 2,467 | 2,580 | 2,692 |
| Voice Revenue | [US$m] | 1,013 | 1,066 | 1,295 | 1,585 | 1,884 | 2,092 | 2,199 | 2,282 | 2,354 | 2,409 |
| Activation Fees | [US$m] | 22 | 24 | 23 | 14 | 12 | 12 | 10 | 9 | 6 | 6 |
| Outgoing Voice | [US$m] | 940 | 987 | 1,205 | 1,489 | 1,753 | 1,948 | 2,037 | 2,113 | 2,180 | 2,228 |
| Incoming Voice | [US$m] | 0 | 0 | 0 | 0 | 20 | 22 | 35 | 37 | 39 | 40 |
| Voice VAS | [US$m] |
| In-Country Roamers | [US$m] | 51 | 54 | 67 | 82 | 98 | 110 | 117 | 123 | 129 | 135 |
| Data Revenue | [US$m] | 13 | 22 | 37 | 57 | 84 | 110 | 147 | 185 | 226 | 283 |
| Messaging | [US$m] | 13 | 16 | 27 | 41 | 59 | 77 | 100 | 123 | 148 | 175 |
| Mobile Internet Access | [US$m] | 1 | 5 | 10 | 16 | 25 | 33 | 47 | 62 | 77 | 108 |