Orascom Investment Holding S.A.E.

Established pursuant to the provisions of Law 95/1992

Head Office: Nile City Towers, South Tower,

2005 A corniche El Nile, Ramlet Beaulac, 11221, Cairo, Egypt

Authorized Capital: EGP 2,885,129,841 billion

Issued Capital: EGP 577,025,968.2 (fully paid)

Number of Issued Shares: 5,245,690,620 Commercial register number: 394061 Cairo

Summary of the Board of Directors Resolutions

25 October 2022

Via Circulation

On Tuesday 25 October 2022, upon the invitation of Eng. Akil Hamed Beshir-Chairman of the Board, the following resolutions were taken via circulation by the following members of the Board of Directors, namely:

  • Eng. Akil Hamed Beshir, Non-Executive Chairman (independent);
  • Eng. Naguib Onsi Sawiris, CEO and Managing Director;
  • Eng. Iskandar Shalaby Naguib Shalaby, Executive Board Member;
  • Eng. Hassan Mostafa Abdo, Non-Executive Board Member;
  • Mr. Ashraf Abdel Tawab Salman, Non-Executive Board Member (independent);
  • Mr. Oussama Daniel Nassif, Executive Board Member;
  • Mr. Mohamed Hamdan Ashmawy, Non-Executive Board Member (independent); and
  • Mrs. Wafaa Shoukry Zaklama, Non-Executive Board Member.

Ms. Nada Yasser Hafez was appointed as the Meeting's Secretary.

The Resolutions:

First resolution:The Board unanimously accepted the resignation of Mr. Akil Hamid Bashir as Chairman of the Board starting from 01/11/2022, while continuing to serve as non-executive Board Member, provided that such resolution will be submitted to the Company's shareholders during the next general assembly meeting for their confirmation.

Second resolution:The Board unanimously resolved to change to capacity of Engineer Naguib Onsi Sawiris as Managing Director and CEO and his appointment as Executive Chairman of the Company as of 01/11/2022, provided that such resolution will be submitted to the Company's shareholders during the next general assembly meeting for their confirmation.

Third resolution:The Board unanimously approved the nomination of Mr. Marwan Mohamed

Hussein as the Company's Chief Executive Officer as of 01/11/2022.

Chief Financial Officer

Marwan Mohamed Hussein

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Orascom Investment Holding SAE published this content on 26 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2022 08:17:05 UTC.