Orascom Development Holding AG — Regulatory Filings 2019

Jan 31, 2019

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RNS Number : 6505O

Orascom Investment Holdings S.A.E

31 January 2019

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Orascom Investment Holding S.A.E.

Established pursuant to the provisions of Law 95/1992

Head Office: Nile City Towers, South Tower, 29 Floor,

2005A Corniche El Nile, Ramlet Beaulac, 11221, Cairo, Egypt.

Authorized Capital: EGP 22 Billion

Issued Capital:

EGP: 2,203,190,060.40

(Fully paid)

Number of Issued Shares:

5,245,690,620

Commercial registration number: 394061 Cairo

Summary of Board of Directors Resolutions

No: (1) of 2019

30 January 2019

By Circulation

On Wednesday, 30th of January 2019 upon the request of Eng. Naguib Onsi Naguib Sawiris - Executive Chairman the following decisions were Scrolled all the following Board of Directors, namely:

·    Eng. Naguib Onsi Naguib Sawiris- Executive Chairman;

·    Eng. Akil Hamed Bashir - Non-Executive Vice Chairman (independent);

·    Eng. Tamer Mokhtar Ahmed El Mahdi - Managing Director;

·    Mr. Oussama Daniel Nassif Faltas - Executive Board Member;

·    Eng. Iskandar Shalaby Naguib Rizk Shalaby - Non-Executive Board Member;

·    Mr. Ayman Mohamed El Tayeb Mohmaed Soliman- Non- Executive Expert Board Member;

·    Dr. Sameh Youssef El Torgoman - Non-Executive Expert Board Member;

·    Mr. Ashraf Abdel Tawab Abdel Razek Salman, Non-Executive Expert Board Member (independent);

·    Mr. Mohamed Hamdan Mahmoud Ashmawy - Non-Executive board member.

The Board of Directors decided the following:

Fist resolution:

The Board of Directors unanimously approved the Consolidated Financial Statements for the period from Q1 1/1/2018 to 31/3/2018 and from Q2 1/4/2018 to 30/6/2018 prepared in accordance with the international standards "IFRS".

The Board resolved to delegate Mr. Mostafa Mamdouh Abdel Razek, Mr. Oussama Daniel Nassif, Mr. Sherif Maher Samy, Mr. Gamal Gamil El Sayed Mahmoud and Mr. Hussein Abdel Dayem , jointly or severally to undertake all required procedures to ratify and receive these minutes from the Egyptian Financial Supervisory Authority, receive it and annotate all the afore-mentioned in the company's commercial register.

Head of Investor Relation

Marwan Mohamed Hussein

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