Resolutions Board of directors' meeting 3/9/2015

Cairo, 3 September 2015

The Board of Directors in its meetings on September 3, 2015 unanimously resolved the following:

1. Approved the minutes of the previous Board of Directors Meeting held on August 12, 2015.

2. In view of the invitation to attend the extraordinary general meeting of Edita Confectionary Industries S.A.E. ("ECI") set to convene on Thursday 17/9/2015, which contains the increase of the issued and authorized capital of ECI, the Board of Directors unanimously approved to subscribe in the capital increase of ECI, by way of capitalizing and converting the Company's credit balances in ECI amounting to EGP 37,300,800 (thirsty seven million and three hundred thousand eight hundred Egyptian Pounds) to shares. Further, and in view of ECI's vital need for this capital increase to fulfill the 2015/2016 expansion plans, the Board of Directors unanimously resolved to subscribe in the other shareholders' portion in the capital increase in the case of any of the other shareholders inability or unwillingness to subscribe in the capital increase of ECI, and to enter into any agreements with such shareholders in this regard, in order to complete the subscription in the capital increase in full, as well as determine the method for evaluation of the shares, to be applicable if any of the shareholders who were unable to subscribe in the capital increase, wish to purchase their portion in the future. Accordingly, the Board of Directors unanimously approved to fully authorize the Chairman and Managing Director to take all procedures, actions and sign all documents and enter into any contracts in this regard. .

-Ends-

Contact

Ms. Dina Al-SonbatyVice-President (Investor Relations and Corporate Affairs)T: +202 3851 6464 | M: +2012 2 218 7052 | dina.sonbaty@edita.com.eg

Ms. Menna Shams El Din

Manager (Investor Relations and Business Development)T: +202 3851 6464 | M: +20 100 1542428 |  menna.shamseldin@edita.com.eg