Legal Proceedings Report • Mar 4, 2013
Legal Proceedings Report
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Amsterdam, the Netherlands / 4 March, 2013 12:00 AM
OCI N.V.'s subsidiary Orascom Construction Industries (OCI), in response to articles published by several websites commenting on recent statements from several identified and unidentified sources within the Egyptian government, confirmed that it has received no formal notification about a travel ban on its current Chairman and Chief Executive Officer Nassef Sawiris and former Chairman Onsi Sawiris pending confirmation of allegations of tax evasion in Egypt.
In light of these statements, the company would also like to clarify the following:
The company is confident of its tax position and is confident that it did not violate any laws pertaining to the sale. The company is presently awaiting the Egyptian Tax Authority's Appeal Committee's final decision and will publish updates in due course.
OCI N.V. is a global nitrogen-based fertilizer producer and engineering & construction company based in Amsterdam, the Netherlands with operations and plants across the United States, Europe, the Middle East, North Africa, and Central Asia. The Fertilizer Group owns and operates nitrogen fertilizer plants in the Netherlands, the United States, Egypt and Algeria and has an international distribution platform spanning from the Americas to Asia. The Fertilizer Group ranks among the world's top fertilizer producers with a fertilizer production capacity of nearly 7 million metric tons. The Construction Group provides international engineering and construction services primarily on infrastructure, industrial and high-end commercial projects in Europe, the Middle East and North Africa for public and private clients. The Construction Group ranks among the world's top global contractors. OCI N.V. employs more than 90,000 people in 35 countries around the globe and is listed on the NYSE Euronext in Amsterdam.
Omar Darwazah Email: [email protected]
Erika Wakid Email: [email protected]
Hassan Badrawi Director
Tel: +202 2461 1036/0727/0917
Fax: +202 2461 9409
www.ocinv.nl
Herikerbergweg 238, 1101 CM Amsterdam Zuidoost The Netherlands
OCI N.V. stock symbols: OCI / OCI.NA / OCI.AS
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