Orascom Development Holding AG — Capital/Financing Update 2010

Jan 11, 2010

News Details

Ad-hoc | 11 January 2010 07:16

Orascom Development Holding AG:

Orascom Development Holding AG / Corporate Action

11.01.2010

Dissemination of a Adhoc News, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Press Release

Orascom Hotels & Development the Egyptian subsidiary of Orascom Development
receives a CHF 160 million syndicated loan to restructure its short-term
debt and finance new hotels.

Altdorf/Cairo, 11 January 2010 - Orascom Hotels & Development (OHD),
Orascom Development Holding AG's (Orascom Development) majority owned
Egyptian subsidiary, signed a syndicated loan agreement with National Bank
of Egypt (NBE) and Banque Misr (BM) for a total amount of approximately CHF
160 million (EGP 850 million), with a tenor of seven years.

NBE and BM were the Mandated Lead Arrangers (MLA) for this syndicated loan,
along eight other major local and regional banks acting as lead arrangers,
arrangers, and participants.

The loan proceeds will be mainly used to restructure existing short-term
loans and to finance the construction of new hotels and the renovation
and/or expansion works of existing hotels in Egypt.

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Information and Explaination of the Issuer to this News:

About the Group
Orascom Development Holding AG (Orascom Development) is a leading developer
of fully integrated towns that include hotels, private villas and
apartments, leisure facilities such as golf courses, marinas and supporting
infrastructure. Orascom Development's diversified portfolio of projects is
spread over eight jurisdictions, with primary focus on touristic towns and
recently affordable housing.

Orascom Touristic Establishments (OTE) was established in1989 setting the
first step in building the Group's track record in the development of
integrated towns. After some name changes and reorganization, the main
business was held under Orascom Hotels & Development (OHD). Since the
settlement of the public exchange offer by Orascom Development for OHD,
Orascom Development became the new parent of OHD. Orascom Development has a
dual listing, with a primary listing on the main board of the SIX Swiss
Exchange (Switzerland) and a secondary listing on the EGX (Egypt Stock
Exchange). The company's shares are fully fungible (with the same ISIN
code) and can be traded on both stock exchanges in Swiss Francs.

Today, Orascom Development operates in eight jurisdictions (Switzerland,
United Kingdom, Egypt, Oman, Morocco, UAE, Mauritius, Jordan) and is
continuously seeking development opportunities in untapped yet attractive
locations all over the world. The Group has four existing projects: El
Gouna, the flagship project, a fully-fledged town on the Red Sea coast
(Egypt). Taba Heights, on the Sinai Peninsula (Egypt), is the Group's
second tourism destination following El Gouna's business model. The Cove
(Ras Al Khaimah, UAE) is the Group's first development experience outside
Egypt. Haram City, an integrated town dedicated to affordable housing in
Egypt, catering for the mass population.

For further information, please contact:

Orascom Development Holding AG
Mamdouh Abdel Wahab
Director Investor Relations
Tel: +41 79 846 55 60
+20 12 315 32 00
Email: ir@orascomdh.com

Swiss Media Office
Philippe Blangey
Tel: +41 41 874 17 11
Email: media@orascomdh.com

11.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Orascom Development Holding AG
Gotthardstraße 12
6460 Altdorf
Schweiz
Phone: +41 41 874 17 11
Fax: +41 41 874 17 12
E-mail: ir@orascomdh.com
Internet: www.orascomdh.com
ISIN: CH0038285679
WKN: A0NJ37
Listed: Foreign Exchange(s) SWX

End of News DGAP News-Service

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