Edita Board of Directors Resolutions 11 May 2017

Cairo, May 11, 2017

Edita Food Industries SAE announces that the Board of Directors of the Company has resolved the following resolutions in the Board Meetings held on Wednesday, May 10, 2017:

1. Unanimously approved the minutes of the previous Board of Directors Meeting (No. 122) dated 11/4/2017.

2. Unanimously approved the Board of Directors' report for the Company's activities for the financial period ended on March 31, 2017.

3. Unanimously approved the Auditor's limited review report for the consolidated and standalone financial statements for the financial period ended on March 31, 2017.

4. Unanimously approved the consolidated and standalone financial statements for the financial period ended on March 31, 2017.

5. The Board of Directors was updated of the Remuneration Committee report in relation to its meeting, and further approved the recommendations of the Remuneration Committee.

6. In light of the resignation letter received from Africa Samba BV regarding its resignation from the Board of Directors of the Company and its representative Sherif Hesham Mohamed El Kholy, the Board of Directors unanimously accepted the resignation. The Board of Directors further unanimously approved appointment of Mr. Hany Youssef Sayed El Messiry as independent director in view of the vacant seat.

7. Unanimously approved to amend the signatory authorities and spending limits of the Company.

-Ends-

Contacts

Ms. Menna Shams El Din

Investor Relations and Business Development DirectorT: +202 3851 6464 | M: +20 100 1542428 |  [email protected]

Ms. Yasmine Ghobrial

Senior Investor Relations SpecialistT: +202 3851 6464 | M: +20 1227563935 | [email protected]