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 2,885,129,841

Issued Capital:

EGP: 577,025,968.2

(Fully paid)

Number of Issued Shares:

5,245,690,620

Summary of Board of Directors Resolutions

May 30,2021

On Sunday May 30th, 2021 at 1:30 pm, pursuant to the invitation extended by Eng. Akil Hamed Bashir - Chairman to the Directors of the Board, the following Directors attended the board of Orascom Investment Holding SAE, at the Company's head office:

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

· Eng. Naguib Onsi Sawiris - Managing Director;

· Eng. Hassan Mostafa Abdo - Non-Executive Director;

· Mr. Mohamed Hamdan Ashmawy - Non-Executive Director;

· Mr. Oussama Daniel Faltas - Executive Director; and

· Mrs. Wafaa Shoukry Zaklama as a non- executive board member

The meeting was also attended by the following directors via conference call:

· Mr. Ashraf Abdel Tawab Salman - Non-Executive Director (independent);

· Eng. Iskandar Shalaby Naguib Rizk - Non-Executive Director;

- Mrs. Salma Labib Omar- Secretary of the Board.

The Board of Directors approved the following resolutions:

First resolution: The Board unanimously approved the AC report on the standalone and consolidated annual financial statements for the fiscal year ending on 31/12/2020, prepared in accordance with EAS.

Second resolution: The Board unanimously approved the Auditor's Report on the standalone and consolidated annual financial statements for the fiscal year ending on 31/12/2020, which were prepared in accordance with the Egyptian auditing standards.

Third resolution: The Board unanimously ratified the Board of Directors' annual report for the fiscal year ending on 31/12/2020.

Fourth resolution: The Board unanimously ratified the standalone and consolidated financial statements for the fiscal year ending on 31/12/2020.

Fifth Resolution: The Board of Directors unanimously approved the Company's Governance Report.

Sixth resolution: The Board resolved to delegate the Chairman to invite the shareholders to convene an ordinary general assembly on 4/7/2021 and further agreed on the agenda.

Chief Financial Officer

Marwan Mohamed Hussein