Edita Food Regs Regulatory News (EFID)

Invitation to Attend

the Ordinary General Meeting of

Edita Food Industries S.A.E.

Set to Convene on March 28, 2017_

The Chairman and Managing Director of the Board of Directors of Edita Food Industries S.A.E. (the "Company"), is pleased to invite you to attend the Ordinary General Meeting of the Company set to convene at 3:00 pm on Tuesday March 28, 2017, at the Novotel hotel, Lasian Conference Room, Central Pivot, Sixth of October City, Giza, Egypt to consider the following agenda:

1. Approving the Board of Directors report for the fiscal year ending 31/12/2016.

2. Approving the Auditor's report for the independent and consolidated financial statements for the fiscal year ending 31/12/2016.

3. Approving the Company's balance sheet and profit and loss accounts for the fiscal year ending on 31/12/2016.

4. Approving the proposed profit distribution, which comprises of a profit distribution.  

5. Discharging the members of the Board of Directors from their responsibilities for the fiscal year ending 31/12/2016.

6. Determining the Board of Directors' allowance and remuneration for the fiscal year ending 31/12/2017.

7. Authorizing the Board of Directors in concluding related party contracts during the fiscal year ending 31/12/2017.

8. Authorizing the Board of Directors to grant donations during the fiscal year ending 31/12/2017, and approve the donations granted during the fiscal year ending 31/12/2016.

9. Appointing the Company's auditor for the fiscal year ending 31/12/2017 and determining his remuneration.

10. Consider amending the representation of juristic persons on the Board of Directors.

We draw the attention of the shareholders to the following:

· Each shareholder shall be entitled to attend the ordinary general meeting in person or by proxy to another shareholder who is not a board member, by written proxy.

· No shareholder may represent more than 10% of the share capital of the company by proxy at the ordinary general meeting, and not exceeding 20% of the shares represented at the meeting.

· Shareholders desiring to attend the ordinary general meeting must submit a statement issued by a central custodian specifying that the shares have been frozen for purposes of attending the meeting and until its adjournment, at least three days prior to the meeting.

· The ordinary general meeting shall be valid if attended by shareholders representing at least 50% of the issued and paid capital. If a quorum is not attained at the meeting, a second meeting shall convene the following day at the same place and time specified in eth invitation, and the second meeting shall be deemed valid whatever the percentage of shares represented.

· Resolutions of the ordinary general meeting shall be adopted by a majority of the shares represented.

· Any inquiries relating to the agenda of the ordinary general meeting shall be delivered in writing by registered mail or hand delivered at the company's headquarters at least three days prior to the ordinary general meeting. All documents to be made available to shareholders in accordance with Article 228 of eth Executive Regulations of the Companies Law No. 159 of 1981 are available for review at the company's premises located at Shaikh Zayed City - Sixth of October - Plot No (13) - Central Pivot - Giza, during official working hours.

· Attend in advance of the meeting for registration, in order to convene the meeting at the set time.

Eng. Hani Berzi

Chairman and Managing Director