Orascom Development Holding AG — AGM Information 2013

May 13, 2013

News Details

Ad-hoc | 13 May 2013 18:04

Orascom Development Holding AG: Annual General Meeting approves all Board of Directors proposals

Orascom Development Holding AG / Key word(s): AGM/EGM/AGM/EGM

13.05.2013 18:04

Release of an ad hoc announcement pursuant to Art. 53 KR

Press Release

Annual General Meeting approves all Board of Directors proposals

Altdorf/Cairo, 13 May 2013 - The fifth Annual General Meeting of Orascom
Development Holding AG (Orascom Development) was held today in Altdorf,
Switzerland. In total, 306 shareholders took part in the meeting,
representing 69.25% of total share capital.

All proposals put forward by the Board of Directors were approved by a
clear majority.

All members of the Board of Directors (with the exception of Luciano
Gabriel) stood for re-election and were confirmed in their office for a
further year. In addition, Eskandar Tooma and Marco Sieber were elected as
new members of the Board of Directors for a one year period.

Furthermore, there will be no dividend payment for the financial year 2012.

The Sixth Annual General Meeting of Orascom Development will take place on
12 May 2014.

About Orascom Development Holding AG
Orascom Development is a leading developer of fully integrated destinations
that include hotels, private villas and apartments, leisure facilities such
as golf courses, marinas and supporting infrastructure. Orascom
Development's diversified portfolio of destinations is spread over nine
jurisdictions (Egypt, UAE, Jordan, Oman, Switzerland, Morocco, Montenegro,
United Kingdom and Romania). The Group currently operates six destinations;
three in Egypt El Gouna, Taba Heights and Haram City, The Cove in United
Arab Emirates and Jebel Sifah and Salalah Beach in Oman. Orascom
Development has a dual listing, with a primary listing on the SIX Swiss
Exchange and a secondary listing on the EGX Egyptian Exchange.

Contact for Investors and Media
Till Leisner
Head of Group Controlling & Investor Relations
Tel: +41 41 874 88 07
Email: ir@orascomdh.com

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statements that are predications of or indicate future events, trends,
plans or objectives. Forward-looking statements include statements
regarding our targeted profit improvement, return on equity targets,
expense reductions, pricing conditions, dividend policy and underwriting
claims improvements. Undue reliance should not be placed on such statements
because, by their nature, they are subject to known and unknown risks and
uncertainties and can be affected by other factors that could cause actual
results and Orascom Development Holding AG's plans and objectives to differ
materially from those expressed or implied in the forward looking
statements (or from past results). Factors such as (i) general economic
conditions and competitive factors, particularly in our key markets; (ii)
performance of financial markets; (iii) levels of interest rates and
currency exchange rates; and (vii) changes in laws and regulations and in
the policies of regulators may have a direct bearing on Orascom Development
Holding AG's results of operations and on whether Orascom Development
Holding AG will achieve its targets. Orascom Development Holding AG
undertakes no obligation to publicly update or revise any of these
forward-looking statements, whether to reflect new information, future
events or circumstances or otherwise. It should further be noted, that past
performance is not a guide to future performance. Please also note that
interim results are not necessarily indicative of the full-year results.
Persons requiring advice should consult an independent adviser.

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Language: English
Company: Orascom Development Holding AG
Gotthardstraße 12
6460 Altdorf
Switzerland
Phone: +41 41 874 17 17
Fax: +41 41 874 17 07
E-mail: ir@orascomdh.com
Internet: www.orascomdh.com
ISIN: CH0038285679
Swiss Security Number: A0NJ37
Listed: SIX

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