Investor Perception Breakthrough for Palestinian Companies

NABLUS, Palestine, March 24, 2010 - The Palestine Securities Exchange ("PSE") has completed its
first ever London road show on 17-19 March 2010. Showcasing some of its
leading listed companies, the PSE arranged a seminar and a parallel series of
investor meetings to highlight the real investment opportunity that Palestine
offers. During the three day event, seven of Palestine's leading listed
companies, as well as the PSE and the local regulator, the Palestine Capital
Markets Authority, met with 10 potential and existing investment funds, eight
of whom had never previously considered investing in Palestine.

The road show is part of a series of high level networking events in
cooperation with British counterparties. The mission is supported by the
office of the Quartet Representative, Rt. Hon. Tony Blair and in cooperation
with the Portland Trust and the Palestine Britain Business Council (PBBC) in
UK.

Speaking about the event in his endorsement letter to the PSE,
Tony Blair said, "The PSE's investor road show is one of a series of events
to promote Palestine as an opportunity for investors and to work towards
changing the international business communities' perception about the
Palestinian market. Palestinian business confidence continues to grow. The
Palestine Securities Exchange lies at the heart of these efforts."

PSE CEO, Ahmad Aweidah commented, "We were delighted with the
positive reception that we received from the London-based investment
community. Many of the people we met this week had not, until very recently,
even been aware that Palestine has a stock exchange, let alone that it has
been running and thriving for over 13 years, is well regulated, is easy to
trade on, and most importantly, has performed much better than many other
exchanges regionally and internationally over the last few years. Last year
our Al-Quds index finished nearly 12% up over the year, and we are nearly 7%
ahead to date this year. The investment opportunity that Palestinian
companies offer is now firmly on the map".

Paltel Group CEO, Ammar Aker added, "The Palestinian Exchange currently
lists 38 companies, the largest of which is PalTel, the dominant local
telecommunications provider. Paltel accounts for 40% of the exchange's market
capitalization, and had net profit of $99 million in 2009. Paltel stock has
already been attractive to foreign investors with one major UK holding the
stock since 2007. This trip is has enabled us to expose the company's
strength and future promise to additional UK funds and investors."

The London road show was organised in partnership with the
Paltel Group. The Palestinian delegation also included senior executives from
PSE, member brokerage companies, PSE listed companies, the Palestine
Investment Fund (PIF) and Bayti for Real Estate Investment Company.

About Palestine Securities Exchange

Palestine Securities Exchange is a private shareholding
company that was established in 1996 and held its first trading session on
the 18 February 1997. The PSE operates under the supervision of the
Palestinian Capital Market Authority and in accordance with the Securities
Law No. (12) 2004 and its bylaws, in addition to modern regulations, which
form a strong basis that ensure a fair trading environment. Today, there are
thirty-eight companies listed on the PSE across five main economic sectors:
banking, insurance, investments, industry and services.

There are no restrictions on foreign investments at the PSE or
on Foreign Exchange by the Palestinian Monetary Authority. HSBC Middle East
provides global custody services to interested foreign clients.

The PSE common values are: good governance, transparency,
efficiency, fairness & equal opportunity.

For more information about the PSE, please visit:
www.p-s-e.com

About Paltel Group - The Telecommunications Leader in
Palestine

Paltel commenced operations on January 1, 1997 as an
integrated telecom operator and service provider offering Mobile, Fixed, Data
and other support services in Palestine. Paltel is the national
telecommunications provider in Palestine, where its services cover more than
90% of the Palestinian Territories and reaches Palestinians in the Diaspora.

Paltel offers a range of services including local and
international telephone services, internet, data communications, mobile,
value-added services, payphones, and next-generation services in addition to
creating the backbone for other related telecom service. As of December 2009,
Paltel has 1.8 million mobile customers, 370,638 fixed line customers and
roughly 92,482 ADSL customers.

Paltel is a public shareholding company listed on the
Palestine Stock Exchange (PSE) & Abu Dhabi Securities Exchange (ADX) and with
current capital of JD 131,625 million with roughly 10,000 shareholders which
include a range of institutional and individual investors. Paltel established
VTEL, a company worth USD1.2 billion that was incorporated at the Dubai
International Financial Center in 2006 as part of its offshore investments
and a vision to tap into international markets via its strategic investment
in VTEL holdings. Paltel holds a 25% position in VTEL.

Paltel held an exclusive License Agreement with the PNA to
develop the telecom sector; however a second license has been awarded to
Wataniya Telecom. For more information, visit Paltel on Internet:
www.paltelgroup.ps

    Contact Person at PSE
    Mrs. Fida Azar
    Tel: +970-2-240-3903
    +970-599-828-608
    fida.azar@p-s-e.com         

    Contact Person at Paltel Group
    Ms. Neda Morrar
    Tel: +970-2-294-4006
    Mob: +970-599-579-355
    neda.morrar@paltelgroup.ps

Contact Person at PSE: Mrs. Fida Azar, Tel: +970-2-240-3903, +970-599-828-608, fida.azar at p-s-e.com; Contact Person at Paltel Group: Ms. Neda Morrar, Tel: +970-2-294-4006, Mob: +970-599-579-355, neda.morrar at paltelgroup.ps