Result of Ordinary General Meeting

Resolutions from Ordinary General Meeting of Shareholders

Cairo, 9 June 2014 - ezzsteel (EGX: ESRS; London Stock Exchange: AEZD), the largest independent producer of steel in the MENA region and market leader in Egypt, today announced that the Ordinary General Meeting of Shareholders (OGM) that was convened on Saturday, 7/6/2014 has adopted the following resolutions:

1. Approved the Board of Directors Report on the Company's activities during 2013.

2. Approved the Auditor's Report for the Financial Statements for the fiscal year ending on 31/12/2013.

3. Approved the Financial Statements for the fiscal year ending on 31/12/2013.

4. Discharged the Chairman and the members of the Board for fulfilling their duties during the fiscal year ending 31/12/2013.

5. Determined the Board of Directors' attendance allowance for the next fiscal year.

6. Approved the appointment of Hazem Hassan/KPMG as Company's Financial Auditor and determined their fees for the next fiscal year.

7. Approved the related party transactions entered by the Company during 2013, and authorized the Board of Directors to enter into related party transactions during 2014.

8. Approved the donations disbursed by the Board of Directors during 2013 and allowing the Board of Directors to make donations during 2014 and set its limit.

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About Ezzsteel

ezzsteel (formerly: Al Ezz Steel Rebars) is the largest independent steel producer in the Middle East and North Africa, and the Egyptian market leader, with a total actual capacity of 5.8 million tonnes of finished steel.

In 2013, the Company produced 3.7 million tonnes of long products (typically used in construction) and 990 thousand tonnes of flat products (typically used in consumer / industrial goods). ezzsteel deploys the latest in modern steel-making technology and is committed to further increasing vertical integration across its plants, to boost operational flexibility.