0001047469-02-005890 Sample Contracts

BY REGISTERED, CERTIFIED OR EXPRESS MAIL OR OVERNIGHT COURIER: EquiServe Trust Company, N.A. Attn: Corporate Actions 40 Campanelli Drive BY FIRST CLASS MAIL: Braintree, MA 02184 BY HAND: EquiServe Trust Company, Securities Transfer & N.A. Reporting...
Offer to Purchase • December 6th, 2002 • Emerging Markets Telecommunications Fund Inc/New

The Emerging Markets Telecommunications Fund, Inc., a non-diversified, closed-end management investment company incorporated in Maryland (the "Fund"), is offering to purchase up to 1,617,215 of its issued and outstanding shares of Common Stock, par value $0.001 per share (the "Shares"). The offer is for cash at a price equal to 95% of the net asset value ("NAV") per Share determined as of the close of the regular trading session of the New York Stock Exchange, the principal market in which the Shares are traded (the "NYSE"), on the date the offer expires, and is upon the terms and subject to the conditions set forth in this Offer to Purchase and the related form of Letter of Transmittal (which together with any amendments or supplements thereto collectively constitute the "Offer"). The Offer will expire at 5:00 P.M. Eastern Time on November 6, 2002, unless extended. The Shares are traded on the NYSE under the symbol "ETF". The NAV as of the close of the regular trading session of the N

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