MessageFromCEO Page

Welcome to Lycatel. We are delighted to share our thoughts with you about our company.

In 2003 we had an ambitious aim to become the global market leader in the prepaid international calling card business. Our purpose is to serve ethnic and expatriate global customers – a rising population of over 200 million people worldwide – all with an increasing need to stay in touch with family and friends through high quality international calls at extremely affordable prices.

The Lycatel brand now serves over 8.5 million satisfied customers. We are proud to have achieved a milestone in our growth and we have realised our ambition - Lycatel is now the global market leader in the prepaid international calling card business.

Continually listening to our customers, and with a passion for innovation, in 2006 we launched Lycamobile, our flagship mobile brand. Again, we are ambitious. Lycamobile’s mission is to be the global prepaid international mobile leader, acquiring 7 million global subscribers by 2011. Since launch, we have already acquired over 1.7 million subscribers across Holland, Belgium, Switzerland, Norway, Sweden and Denmark, and we plan to launch in a further 7 markets throughout 2008/2009.

Our Lycatel team globally is committed to our vision to be a world-class telecommunications organisation, where our talented people team up with our business partners to continually drive down costs and deliver superior value propositions to our customers.

A big thank you to our customers, our team and our partners for the success we have achieved to date.

Milind Kangle

Subaskaran Allirajah

Chief Executive Officer

Chairman