BoD Resolutions

TRANSLATION FROM ARABIC

Summary of Board of Directors Resolutions

EFG Hermes Holding S.A.E.

Wednesday 8/1/2014

EFG Hermes S.A.E. Board of Directors convened on Wednesday 8th of January 2014 at 6:00 pm Cairo Local Time. The meeting was attended by:

1- Mrs. Mona Zulficar Chairperson of the Board of Directors

2- Mr. Yasser El Mallawany CEO and Board Member

3- Mr. Karim Awad CEO and Board Member

4- Mr. Charles McVeigh Board Member

5- Mr. Robert Eichfeld Board Member

6- Mr. Thomas Volpe Board Member

7- Mr. Takis Arapoglou Board Member

8- Mr. Joseph Iskander Board Member

Mrs. Dahlia El Sellawy was appointed as the Board's Secretary.

The Board of Directors approved the following:

(1) A plan put forth by the Company's senior management for a massive buyback program that aims at returning EGP1 billion to the Company's shareholders during the first 9 months of 2014.

(2) The immediate commencement of the first phase of the buyback program which aims at returning EGP425 million through a buy-back of 36,956,522 shares representing approximately 6.44% of the Company's current outstanding shares at a price of EGP11.5 per share. The offer will be fully funded from the Company's current liquidity position.

(3) The second phase of the buyback program worth EGP575 million is expected to take place during late second to third quarter 2014, however the execution of which will depend on a number of factors.

(4) The start of the offer period and its duration will be subject to the receipt of approvals from the Egyptian Financial Supervisory Authority ("EFSA") and the Egyptian Stock Exchange ("EGX") and will be communicated to the market as soon as possible.

The meeting concluded at 7:00 pm Cairo Local Time.

For further information:

Investor Relations Contacts

Tel: +20 (0)2 35356710

Fax: +20 (0)2 3535 7017

Email: [email protected]

www.efg-hermes.com