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: (7) of 2019

November 3, 2019

On Sunday, 3rd of November 2019, pursuant to the request of Eng. Naguib Onsi Sawiris - Executive Chairman, the Board of Directors reviewed and voted on the following agenda by circulation:

·; Eng. Naguib Onsi Sawiris- Executive Chairman

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

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

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

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

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

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

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

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

The Board of Directors resolved the following:

First resolution: The Board of Directors unanimously approved Mr. Tamer el Mahdi's resignation from the Board of Directors of the Company and his position as Managing Director as of December 31, 2019;

Second resolution: The Board of Directors unanimously approved the appointment of Mr. Naguib Sawiris as the Executive Chairman and Managing Director of the company as of 1 January 2020;

Third Resolution: The Board of Directors unanimously approved Mr. Ayman Soliman's resignation from the Board of Directors of the Company;

Forth resolution: The Board of Directors unanimously approved the appointment of Mr. Hassan Mostafa Abdo as non-Executive Expert Board Member;

Fifth resolution: The Board of Directors unanimously approved the Auditor's report, the Audit Committee's report and the financial statements (IFRS) for the period ending on 31/12/2018 and Q1 2019.

Head of Investor Relation

Marwan Mohamed Hussein