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: twenty Sixth floor, 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 Board of Directors Resolutions

No: (1) of 2016

10 February 2016

(By Conference Call)

On Wednesday February 10, 2016, at 2:30pm, the Board of Directors of the company convened under the chairmanship of Mr. Naguib Onsy Naguib Sawiris - Executive Chairman and Managing Director, upon his invitation, the meeting was attended through the Conference Call by the members of the board, namely:

· Eng. Naguib Onsy Naguib Sawiris - Executive Chairman and Managing Director;

· Mr. Youssef Fayez Shoukry Moawad - Executive Board Member for Financial and Administrative Affairs;

· Mr. Iskandar Shalaby Naguib Rizk Shalaby - Non-Executive Board Member;

· H.E. Ambassador/ Mohamed Ibrahim Mahmoud Shaker Mohamed - Non-Executive Board Member;

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

· Mr. Khaled Galal Guirgis Bichara - Non-Executive Board Member;

· Mr. Ayman Mohamed El Tayeb Soliman - Expert Board Member.

Mss. Menna Allah Medhat Mohamed Sayed was appointed as Secretary of the meeting.

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

Fist resolution: The board unanimously approved the acquisition of 100% of the share capital of CI Capital Holding S.A.E. through Orascom Telecom Media and Technology Holding S.A.E. or any of its subsidiaries and the submission of final binding offer. The board also Approved the delegation of Eng. Naguib Onsi Naguib Sawiris, Executive Chairman and Managing Director, severally, to undertake all necessary actions and sign all agreements and documents that may be required or suggested related to and the consummating the of purchase and resulting from the final binding offer based on the results of the due diligence process and in accordance with the non-binding offer already submitted. The board also delegated him to sign, on the Company's behalf, all documents, contracts, applications, notices, forms, and orders before any governmental authority or otherwise, including but not limited to, the Egyptian Exchange, the Egyptian Financial Supervisory Authority, the Public Notary, the banks and the broker, that may be required to execute and consummate the purchase of the shares, any loan, mortgage, pledge, and/or lease agreements and generally, undertake all necessary actions that may be required or suggested for the purpose of consummating the purchase, loan, mortgage, and pledge.

Second resolution: the Board unanimously approved the resignation of Mr. Hany Abd El Gelil El Emary as a Non-Executive Board member (experienced) as of 1/1/2016, and the resolution to be presented to the General Assembly for ratification.

Third resolution: the Board unanimously approved the appointment of Mr. Sameh Youssef El Torgoman as a Non-Executive Board member (experienced) as of 10/2/2016, and the resolution to be presented to the General Assembly for ratification.

The Board of Directors delegated Mr. Oussama Daniel Nassif, Mr. Ibrahim Aly Ibrahim, Mr. Ashraf Zaki El Ibrachy, Mostafa Mohamed Gaber Mohamed El Shafei, Hatem Hasan Tolba Mohamed and Mostafa Saeed Ali Mohamed (advocates), to jointly or severally, take all the required procedures to ratify the minutes of this meeting at the Egyptian Financial Supervisory Authority, receive it and annotate all the afore-mentioned in the company's commercial register.

The meeting ended at 3:00 pm.

Head of Investor Relation

Marwan Mohamed Hussein