Notice of GM

First Notice

Madinet Nasr for Housing and Development (MNHD)

An Egyptian Joint Stock Company

Invitation to the Shareholders

for the Extraordinary General Meeting (EGM) (2nd Meeting)

The Chairman of the Board of Directors (BOD) and Chairman of the EGM is honored to invite the shareholders of the Company to the EGM (2nd meeting) to be held on Tuesday May 28, 2019 at 2:00 p.m. at the Company's Sales Center on the site of Taj City project; Extension of Thawra Street- Opposite to the Entry of Cairo International Airport- Cairo, Egypt

The meeting will be valid if attend by shareholders representing 25% at least of the capital of the company, because the required quorum for the validity of the first meeting of EGM held on Wednesday May 15, 2019 was not met.

The EGM will discuss the following agenda:

1. Revising articles (21, 46, and 50) of the Company's Articles of Association to allow for the cumulative voting in the election of the Board of Directors.

2. Delegate the Chairman, the Managing Director, or their delegate in execution of the procedures required to revise the article of associations before the related governmental authorities and to make necessary changes that may be requested by those authorities according to the applicable rules.

· Each shareholder has the right to attend the EGM in person or by proxy to other shareholder. A proxy should be officially documented in special or general proxy statement with notarization of signatures

· Shareholders interested in attending the EGM are required to register with the Company and present a statement of their shareholding as issued by a securities custodian bank or firm. The statement should indicate that the entire balance of shareholding is blocked from trading for at least three days prior to the EGM; excluding the day of blocking and the day of the EGM.

· Any inquiries regarding the EGM to be presented or addressed in writing to the Management of the Company at its premises (4 Youseif Abbas St. Nasr City- Cairo- Egypt) at least three days prior to the date of the EGM.

· The agenda of the EGM, and underlying documents are available at the Company's premises at the request of the shareholders.

· The Company will provide a bus for transportation of shareholders, in a round trip, from the Head Office in Nasr City to the venue of the EGM. The bus will move from the Head Office at 12:30 p.m.

Chairman of the Board and EGM

Eng. Mohamed Hazem Barakat

Date: 17 May 2019