Orascom Inv Regulatory News (OIH)

Orascom Telecom Media and Technology Holding S.A.E.

Established pursuant to the provisions of Law 95/1992

Head Office: Nile City Towers, South Tower,

2005 A Croniche 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

Summary of the Ordinary General Assembly Meeting

Held on June 5, 2018 at 1:30pm

At Fairmont Hotel - Magenta Ballroom - located at Corniche El Nil - Cairo.

Attended by:

Financial Regulatory Authority representative: Mr. Amr Sayed Nofal;

The Auditor: Mr. Samy Abd El Hafiz from KPMG, the Company's Auditor.

Meeting Chairman: Eng. Naguib Onsi Naguib Sawiris - Executive Chairman;

The meeting was attended by the following Board members:

· Eng. Akil Hamed Bashir - Non-executive Deputy Chairman;

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

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

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

· Mr. Ashraf Abdel Tawab Abdel Razek Salman - Non-Executive Expert Board Member;

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

· Mr. Mohamed Hamdan Mahmoud Ashmawy - Non-executive Board Member.

The Secretary of the Meeting: Mr. Moustafa Mamdouh Abdel Razek; and

To register the votes: Mr. Sherif Maher and Ms. Mennat Allah Medhat Mohamed.

The ordinary General Assembly resolved the following:

1. The General Assembly by majority resolved ratifying the Board of Directors' Report on the Company's activities during the fiscal year ending on 31/12/2017.

2. The General Assembly resolved by majority to approve the ratification of the Auditor's Report regarding the standalone and consolidated financial statements for the fiscal year ending on 31/12/2017.

3. The General Assembly resolved by majority to approve the standalone and consolidated financial statements and ratify the general budget and income statement for the fiscal year ending on 31/12/2017.

4. The General Assembly unanimously resolved to discharge the Chairman and all members of the Board of Directors for their services and resolutions during the fiscal year ending on 31/12/2017.

5. The General Assembly unanimously resolved to appoint Mr. Mohamed Hamdan Mahmoud Ashmawy - Non-Executive Expert Board Member and Mr. Oussama Daniel Nassif - Executive Board Member for the structure of the board of Directors of the company to be as follows:

6. The General Assembly resolved by majority to determine the remuneration and allowances of the members of the Board of Directors, the members of the Audit Committee and the members of the Investment Committee for the fiscal year ending on 31/12/2018.

7. The General Assembly resolved by majority the appointing of Mr. Samy Abdel Hafeez Ahmed Ibrahim from Hazem Hasan and Partners firm (KPMG), as the Company's auditor for the fiscal year ending on 31/12/2018 and suggesting an amount of EGP 198,000 (one hundred and ninety-eight thousand Egyptian pounds) as his annual professional fees.

8. The General Assembly unanimously resolved to ratify the Board of Directors' resolutions during the fiscal year ending on 31/12/2017.

9. the General Assembly resolved by majority to approve the related party transactions entered into during the fiscal year ended 31/12/2017. Furthermore, the General Assembly unanimously resolved to authorize the Board of Directors to enter into related party transactions for the fiscal year ended 31/12/2018

10. The General Assembly unanimously resolved to ratify the donations made during the fiscal year ended on 31/12/2017 and authorize the Board of Directors to donate up to EGP 1,000,000 during the fiscal year ending 31/12/2018

The meeting ended at 2:30 pm.

Head of Investor Relations

Marwan Hussein