Notice of GM

First Notice

Madinet Nasr for Housing and Development (MNHD)

An Egyptian Joint Stock Company

Invitation to the Shareholders

for the Extraordinary General Meeting (EGM)

The Chairman of the Board of Directors (BOD) and Chairman of the EGM is honored to invite the shareholders of the Company to the EGM to be held on Tuesday March 10, 2020 at 4:00 p.m. at the Company's Sales Center on the site of Taj City project; Extension of Thawra Street- Opposite to the Entry of Cairo International Airport- Cairo, Egypt

The meeting will be valid if attend by shareholders representing at least 50% of the capital of the company. If the required quorum for the validity of the EGM is not met, the EGM will hold a second meeting within 30 days following the date of the first meeting; at the same place. The 2nd meeting will be valid if attended by shareholders representing one-fourth at least of the capital of the company.

The EGM will discuss the following agenda:

1. Revising article (4) of the Company's Articles of Association.

2. Delegate the Chairman, the Managing Director, or their delegate in execution of the procedures required to revise the article of associations before the related governmental authorities and to make necessary changes that may be requested by those authorities according to the applicable rules.

·; Each shareholder has the right to attend the EGM in person or by proxy to other shareholder. A proxy should be officially documented in special or general proxy statement with notarization of signatures

·; Shareholders interested in attending the EGM are required to register with the Company and present a statement of their shareholding as issued by a securities custodian bank or firm. The statement should indicate that the entire balance of shareholding is blocked from trading for at least three days prior to the EGM; excluding the day of blocking and the day of the EGM.

·; Any inquiries regarding the EGM to be presented or addressed in writing to the Management of the Company at its premises (4 Youseif Abbas St. Nasr City- Cairo- Egypt) at least three days prior to the date of the EGM.

·; The agenda of the EGM, and underlying documents are available at the Company's premises at the request of the shareholders

MNHD will provide a bus to transport the shareholders from MNHD's Main Office in Nasr City to/from the place of the AGM. The Bus will move at 1:30 p.m.

Chairman of the Board and EGM

Eng. Mohamed Hazem Barakat

Date: 14 February 2020