FY2012 Results

EFG HERMES REPORTS FULL YEAR 2012

GROUP NET PROFIT OF EGP211 MILLION; ON TOTAL OPERATING REVENUE OF EGP1.8 BILLON

Cairo, April 3rd, 2013 - EFG Hermes reported today Group net profit after tax and before minority of EGP211 million in FY2012 from EGP295 million in FY2011. The Group operating revenue rose 8% Y-o-Y to EGP1,828 million in FY2012, from EGP1,690 million a year earlier. Total assets stood at EGP59.5 billion at the end of FY2012.

Key Highlights

·; Group revenue rose 8% Y-o-Y to EGP1.8 billion in FY2012 on higher revenue generated from the Investment Bank and the Commercial Bank. Group operating expenses came at EGP1.4 billion, resulting in a net profit after tax and before minority of EGP211 million and a Group net operating profit margin of 26%.

·; The Investment Bank revenue rose 4% Y-o-Y to EGP694 million in FY2012; reflecting higher revenue generated by capital markets and treasury operations.

·; Capital markets & treasury operations revenue rose 26% Y-o-Y to EGP102 million in FY2012, echoing the EGP devaluation and gains booked on equity funds as capital markets improved Y-o-Y.

·; Fee and commission revenue rose 1% Y-o-Y to EGP592 million in FY2012, as the improvement in Brokerage, Asset Management and Investment Banking revenue was offset by a decline in Private Equity revenue.

·; Credit Libanais net income came at USD61.2 million in FY2012, down 6% Y-o-Y and resulting in an after-tax RoAE of 12.9%. The Bank's operating revenue was driven by growth in all operating income lines, including NII, net fees and commissions, and largely, trading income.

·; Brokerage remained #1 on the Egyptian Exchange and maintained a leading position in a number of other regional markets. Brokerage executions were flat Y-o-Y at USD18.6 billion in FY2012 in line with regional volumes.

·; EFG Hermes Asset Management received #1 ranking from the Egyptian Investment Management Association (EIMA) for its top performing Equity and Islamic funds for 2012. Asset Management AuMs rose 4.2% Y-o-Y to stand at USD3.4 billion at the end of FY2012, as markets appreciated during FY2012. The improvement in markets added 11.7% to our AuMs while redemptions represented 7.6%.

·; EFG-Hermes Investment Banking closed three major transactions in FY2012. These transactions include: the first demerger in Egypt for Orascom Telecom, the region's largest private placement this year for Egyptian Refining Company and a Landmark M&A in the healthcare sector for Al Mokhtabar Laboratories.

·; Private Equity AuMs stood at USD0.68 billion, with no exits taking place in FY2012.

For full report and financial statements, please click on the links above.