Richard Melson

April 2006

EFG Hermes

http://www.efg-hermes.com

General
Tel: +20-2-3383626/7/8
Fax: +20-2-3383616
Email: corporate@efg-hermes.com
Add: 58 Tahrir St., Dokki, Egypt 12311

Media
Tel: +20-2-3383626/7/8
Fax: +20-2-3383616
Email: media@efg-hermes.com
Add: 58 Tahrir St., Dokki, Egypt 12311

Dear Sir/Madam

Kindly find attached:

The Monthly Report of The EFG-Hermes Telecom Fund as of 31st of March 2006.

Please note that the Net Asset Value was US$26.14 per certificate as of 31st of March 2006.

If you have any queries please contact us at (202) 336-5960/70/80.

If you want to be removed from this list, pls. reply to this E-mail.

Best Regards,

General
Tel: +20-2-3383626/7/8
Fax: +20-2-3383616

Email: corporate@efg-hermes.com
Add: 58 Tahrir St., Dokki, Egypt 12311

Media
Tel: +20-2-3383626/7/8
Fax: +20-2-3383616
Email: media@efg-hermes.com
Add: 58 Tahrir St., Dokki, Egypt 12311

Securities Brokerage
General
Tel: +20-2-3388864/67/51/59
Fax: +20-2-3385400 - 3384449
Add: 58 Tahrir St., Dokki, Egypt 12311
Retail Sales
Hisham Issa
Email: hissa@efg-hermes.com
UK & US Sales
Mohamed Ebeid
Email: mebeid@efg-hermes.com
Middle East Sales
Bassem Azab
Email: bazab@efg-hermes.com
Local Institutional Sales
Alfred Fayek
Email: alfred@efg-hermes.com

Asset Management
Email: amanagement@efg-hermes.com

Egypt
Tel: +20-2-3365960/70/80
Fax: +20-2-3365589
Add: 58 Tahrir St., Dokki, Egypt 12311
Dubai
Tel: +971-4-6364000
Fax: +971-4-3621170

Add: Level 6, The Gate, West Wing -

Dubai International Financial Centre - P.O. Box 30727, Dubai.
UK
Tel: +44-131-6237800
Fax: +44-131-6237804
Add: 26 Alva Street - Edinburgh, U.K. EH2 4PY

Investment Banking
Tel: +20-2-3383626/7/8

Fax: +20-2-3383629
Email: investmentbanking@efg-hermes.com
Add: 58 Tahrir St., Dokki, Egypt 12311

Private Equity
Tel: +20-2-7923875/6/7
Fax: +20-2-7923869/70
E-mail: pegroup@efg-hermes.com
Add: 9 Mohamed Fahmy St., Garden City, Cairo, Egypt

Research
Dept. Secretary: Shahnaz Abdel Wahab
Tel: +20-2-3361566
Fax: +20-2-3361536
Email: research@efg-hermes.com
Add: 58 Tahrir St., Dokki, Egypt 12311

Client Services and Research Distribution
Rasha Samir - Sherine Labateya
Tel: +20-2-7487400
Fax: +20-2-3361536

Email: efgresearch@efg-hermes.com

Human Resources
Tel: +20-2-3318258
Fax: +20-2-3383614
Email: jobapp@efg-hermes.com
Add: 58 Tahrir St., Dokki, Egypt 12311

Shareholder Center
Hesham Khalil
Tel: +20-2-3383626/7/8 Ext: 506
Fax: +20-2-3361536
E-mail: hkhalil@efg-hermes.com
Add: 58 Tahrir St., Dokki, Egypt 12311

US Trading
Tel: +20-2-3388895
Fax: +20-2-3388633
Email: efgonline@efg-hermes.com
Add: 58 Tahrir St., Dokki, Egypt 12311

EFG-Hermes Telecom Fund - Monthly Report

Attachment: TelecomMonthlyMar-06.pdf (0.13 MB)

EFG-Hermes- Asset Management

EFGAssetMgmt@EFG-HERMES.com

Sunday, April 9, 2006

Dear Sir/Madam

Kindly find attached:

The Monthly Report of The EFG-Hermes Egypt Fund as of 31st of March 2006.

Please note that the Net Asset Value was US$38.94 per certificate as of 31st of March 2006.

If you have any queries please contact us at (202) 336-5960/70/80.

If you want to be removed from this list, pls. reply to this E-mail.

Best Regards,

EFG-Hermes Egypt Fund - Monthly Report

EFG-Hermes- Asset Management

EFGAssetMgmt@EFG-HERMES.com

Attachment: EGFMonthlyMar06.pdf (0.10 MB)

Sunday, April 9, 2006