board meeting resolutions

Results of the board of directors meeting held on March 18, 2020

The Board of Directors in its meeting on March 18, 2020 unanimously resolved the following:

1- Approved the minutes of the previous Board of Directors meeting.

2- Approved the audit committee report for the fiscal year ended on December 31, 2019.

3- Approved the external auditor's report for the consolidated and standalone financial statements for the fiscal year ended on December 31, 2019.

4- Approved the consolidated and standalone financial statements for the fiscal year ended on December 31, 2019.

5- Approved the board of directors' annual report for the fiscal year ended on December 31, 2019 and approved the corporate governance report.

6- Approved the proposal for distribution of profits for the fiscal year ending on December 31, 2019 to be presented to the ordinary general meeting for its approval as follows:

- To distribute the employees share in profits of 2019 in full (10%) in accordance with the companies law number 159 for the year 1981.

- Distributing to the shareholders an amount of EGP 56 721 739 by way of a coupon of 0.20 for each share.

- To pay a remuneration to the Board of Directors of the profits of 2019 in a manner that does not contradict Law 159 of 1981 and the Company's Articles of Association with a total of EGP 7,489,120 distributed among the executive members of the Board of Directors

7 - Approved calling for the Annual Ordinary General Meeting to convene and authorized and delegated the Chairman to send the invitations and to set the date of the meeting.

8- Approved calling for the Extraordinary General Meeting to amend article (4) of Domty articles of association and delegated the Chairman to send the invitations and to set the date of the meeting.

-Ends-