Orascom Inv Regulatory News (OIH)

Orascom Investment Holding S.A.E.

Established pursuant to the provisions of Law 95/1992

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

2005 A 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

Summary of Board of Directors Resolutions

No: (8) of 2019

November 30, 2019

On Saturday, 30 of November 2019 at 10:30 am, the Company's Board of Directors meeting was held at the Company's premises, under the chairmanship of Eng. Naguib Sawiris - Executive Chairman. The Board meeting was attended by the following Directors.

·; Eng. Naguib Onsi Sawiris - Executive Chairman.

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

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

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

·; Mr. Hassan Mostafa Abdo - Non-Executive Board Member.

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

·; Mr. Mohamed Hemdan Ashmawy - Non-Executive Board member.

·; Mr. Sameh Youssef el Torgoman - Non-Executive Expert Board Member.

Having reviewed and deliberated on the agenda, the Board of Directors resolved the following:

First resolution: The Board of Directors unanimously approved the Internal Audit Committee's Report on the consolidated financial statements (IFRS) for the period starting on 1/1/2019 and ending on 30/6/2019.

Moreover, The Board of Directors unanimously ratified the consolidated financial statements (IFRS) for the period starting on 1/1/2019 and ending on 30/6/2019.

Second resolution: The Board of Directors unanimously ratified the Internal Audit Committee's Report and the Board of Directors' Report on the standalone and consolidated financial statements for the financial period starting on 1/1/2019 and ending on 30/9/2019, as well as the outcome of the business for such period.

Third resolution: The Board of Directors unanimously ratified the standalone and consolidated financial statements for the financial period starting on 1/1/2019 and ending on 30/9/2019.

Head of Investor Relation

Marwan Mohamed Hussein