Karachi July 7, 2006: SingTel Singapore – Asia’s leading communication group has accorded Supernet Limited, the largest Data Corporate Network Operator in Pakistan, its “Recognition of Strategic Partnership 2006” Award. The award comes as an acknowledgement of the existing relationship and interest to build the strategic partnership between the two companies.

Mr. Titus Yong, Head SingTel Satellite Group presented the award to Mr. Imran Malik CEO Supernet, in appreciation for the Supernet’s commitment and support of SingTel’s Satellite business growth in Pakistan. Supernet, a Subsidiary of TeleCard Limited, has long standing relationship with SingTel and is providing telecommunication services to SingTel’s corporate customers in Pakistan.

The board of Directors for the TeleCard Limited sees great future and strengthening of relationship for the two companies in coming years. “It is a major investor in many of the world’s most sophisticated submarine cable and satellite systems and we have great plans for furthering this relationship as SingTel is the second largest satellite operator in the Asia Pacific”, said Shahid Firoz, CEO TeleCard.

SingTel is Asia’s leading communication group with operations and investments in more than 20 countries and territories around the world. With significant operations in Singapore and Australia (through wholly-owned subsidy of SingTel Optus), the group provides a comprehensive portfolio of services that includes voce and data service over fixed, wireless and internet platforms. SingTel’s highly developed international network provides direct connection from Singapore to more than 100 countries.

Speaking on the occasion Mr. Malik said, “We have been working with SingTel for quite few years. This award is a reaffirmation of our strong strategic relationship and we hope to grow our business further by introducing SingTel’s Broadband service via satellite in Pakistan this year.”

Supernet Limited, founded in 1994 is the largest private sector Data Network Operator in Pakistan. TeleCard Limited, listed on the Karachi Stock Exchange is the leading private sector integrated telecom service provider in Pakistan and is licensed for telecommunication and Wireless Local Loop service provider in all 14 telecom regions of the country with the capability of delivering high quality voice and broadband data service. For more information on TeleCard visit www.telecard.com.pk