BOD Held on 26th March Summary of Resolutions

Summary of Resolutions for the Board of Directors Meeting Held on 26/03/2018

Cairo, March 27th, 2018: EFG Hermes S.A.E. Board of Directors convened on Monday 26/3/2016 at 1:00 p.m. (CLT) and: 

1. Approved FY2017 Consolidated and standalone financial statements, along with the board report and the audit report.

2. Approved 4Q2017 internal audit and risk committee report.

3. Approve the annual anti money laundry report for the year 2017

4. Approved the recommendation of the compensation committee to renew the current compensation program for a three years' period starting 1st of January 2018, whereby a number of the company's employees and management team may receive a cash bonus linked to the share price and the financial performance of the company.

5. The board approved the leasing of the floors number (9,10,11 and part of 14)- (North Tower) owned by the company in Nile City towers through sale and lease back with Housing and Development Bank (or any other banks who will participate in the future). The board also authorized EFG Hermes Leasing company to act as a security agent and take all necessary actions in this regard.

6. Delegated EFG Hermes Holding chairperson to call for the OGM and determine its agenda.

For further information:

Investor Relations Department

Email: investor-relations@efg-hermes.com

Tel: +20 (0)2 35356710

Fax: +20 (0)2 3535 7017

Head of IR, Budgeting and Reporting - Hanzada Nessim

Email: hnessim@efg-hermes.com

Tel: +20 (0)2 35356502

Fax: +20(0)2 3535 7017

www.efg-hermes.com