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 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

Invitation to the

Extraordinary General Assembly Meeting

8/12/2020

In line with Orascom Investment Holding's (S.A.E.) role towards its shareholders in light of the current conditions and its commitment to the precautionary measures taken by the Egyptian Government regarding the suspension of any activities comprising large gatherings in order to contain the spread of the global pandemic COVID-19. Moreover, in light of the Prime Minister's Decree No. 606 for 2020, the Financial Regulatory Authority's statement and the General Authority for Investment decree no. 160 for 2020 in connection with convening General Assembly meetings via modern means of telecommunication.

The Chairman of the Board of Directors of Orascom Investment Holding, cordially invites the shareholders, the members of the Board of Directors, the Financial Regulatory Authority and the Auditor to attend the Extraordinary General Assembly meeting of the Company on Tuesday 8th, 2020 at 4:30 pm via ZOOM on the following link (https://zoom.us/j/97551252357), to vote on the following agenda:

- Approve to enter into a sale and leaseback agreement entailing the disposal of a tangible asset of the Company (26th floor of Nile Towers) of a value representing more than 50% of the Company's fixed assets.

We draw the shareholders' attention to the following:

First: Shareholders wishing to attend the Extraordinary General Assembly, should send the following documents to the e-mail (shareholders@OrascomIH.com):

- A certified account statement issued by one of the custodian banks, evidencing freezing the balance of the shares reflected in the account statement for the purpose of attending the Ordinary General Assembly, at least three full days prior to the meeting. Each shareholder has the right to attend the meeting either in person or by proxy to another shareholder who is not a member of the Board of Directors by virtue of a Power of Attorney.

- National ID card or passport to prove the identity of the shareholder.

- Any additional documents in case of proxies or Power of Attorney.

- A voting card for the Extraordinary General Assembly's resolutions, available on the following link (https://orascomih.com/en/press-release/).

Second: The Company shall provide the shareholders with the Zoom meeting code upon the receipt, review and verification of all the aforementioned documents. The Zoom meeting code will enable the shareholder to participate in the meeting.

Third: A shareholder may not represent by proxy in the Extraordinary General Assembly a number of votes exceeding ten percent (10%) of the nominal shares of the Company's share capital or twenty percent (20%) of the shares present at the Meeting

Fourth: Every shareholder has the right to attend the meeting in person or by proxy by delegating another shareholder other than the members of the Board of Directors. The validity of the proxy is required to be fixed in a written power of attorney.

Fifth: The Extraordinary General Assembly shall not be validly held unless attended by the number of shareholders representing half of the nominal shares of the Company's share capital. In the event the quorum is not satisfied the Extraordinary General Assembly will be reconvene within thirty days from the date of the first meeting (to be announced at the time). The second Extraordinary General Assembly shall not be valid unless attended by number of shareholders representing quarter of the nominal shares of the Company's share capital.

Executive Chairman

Naguib Onsi Sawiris