Resolutions of Board meeting held 3/11/2015

Cairo, 3 November 2015

The Board of Directors in its meetings on November 3, 2015, unanimously resolved the following:

1. Approve the minutes of the previous Board of Directors Meeting (No. 105).

2. Approve obtaining bank facilities for the Edita Group. The Board of Directors unanimously approved to proceed with obtaining the funding necessary for the Edita group for a value of up to EGP 110 Million or its equivalent in foreign currencies.

3. The Board of Directors was updated by the Chairperson of the Audit Committee as to the Audit Committee findings from meeting earlier that week, and accordingly the Board of Directors was informed of its content.

4. Approve the sale of 13 used cars and 1 used motorcycle owned by the Company.

-Ends-

Contact

Ms. Dina Al-SonbatyVice-President (Investor Relations and Corporate Affairs)T: +202 3851 6464 | M: +2012 2 218 7052 | [email protected]

Ms. Menna Shams El DinInvestor Relations and Business Development ManagerT: +202 38516464 | M: +201001542428 | [email protected]