Statement re QInvest Deal

EFG Hermes-QInvest Deal Clarification

Cairo, Monday 16/4/2013: 

On Sunday April 7th, 2013 EFG Hermes Holding S.A.E published the following disclosure statement through the Egyptian Stock Exchange:

"EFG Hermes S.A.E. (the Company) would like to disclose the following:

1- The Company received all regulatory bodies' approvals in the relevant countries according to the agreement with QInvest.

2- On February 3rd, 2013, the Company submitted the relevant documents to the Transfer of Ownership Department at the Egyptian Stock Exchange, conforming to its requirements, in order to obtain the non-objection on completing the transaction. The Company also replied to the Egyptian Financial Supervisory Authority's (EFSA) comments and is now waiting to receive EFSA's non-objection.

3- The long-stop date of the agreement is 12 months from the day of signing (the agreement was signed on May 3rd, 2012). Thus, the execution of the deal may be difficult in the event of not receiving the non-objection in the coming few days.

4- This alliance will inject over USD300 million into the Egyptian economy in the form of foreign direct investment."

The Company would like to clarify that, should it receive EFSA's non-objection; it will then start the procedures of transferring the ownership of the transaction perimeter companies. These procedures require an amount of time, depending on the regulations of the different countries, which may make it difficult to satisfy the clauses of the agreement in the remaining time available.

For further information:

Investor Relations Contacts

Tel: +20 (0)2 35356710

Fax: +20 (0)2 3535 7017

Email: [email protected]

www.efg-hermes.com