Summary of Resolutions for the BOD Meeting

Summary of Resolutions for the Board of Directors Meeting Held on 17/08/2021

Cairo, August 18th, 2021: EFG Hermes S.A.E. Board of Directors convened on Tuesday 17/08/2021 at 3:00 p.m. (CLT) and: 

1. Approved 2Q2021 consolidated and standalone financial statements, along with the board report and the audit report thereon.

2. Approved 2Q2021Audit and Risk Committees Reports.

3. Approved the proposed increase of the Company's issued capital from EGP4,611,709,340 to EGP4,865,353,354, representing an increase of EGP253,644,014 and distributed on 50,728,803 shares with a par value of EGP5 per share. The issuance of the capital increase shares shall be financed from the reserves and is in relation to the Stock Remuneration & Incentive Program of the Employees, Managers and Executive Board Members of the Company and its subsidiaries ; and in light of the EGM approval on 30/5/2021 and the FRA approval on 8/7/2021;

4. Approved the disclosure form according to Article (48) of EGX Listing Rules in relation to the capital increase's procedures;

5. Approved the delegation of the Company's legal representative to introduce any changes required by the Financial Regulatory Authority to the disclosure form;

6. Approved the delegation of the Company's Chairperson to invite the Company's Ordinary General Assembly to approve the proposed capital increase and amend Articles 6 & 7 of the Company's Articles of Association accordingly after the approval of the publication of the disclosure form by the Financial Regulatory Authority;

7. Approved changing the current designation of Mr. Karim Awad on EFG Hermes Holding from CEO to CEO and Managing Director;

8. Approved separating the functions of MLRO and Compliance officer on EFG Hermes Holding to comply with FRA Anti Money Laundering and Terrorist Financing Decree no. 2/2021;

9. Approved the Expected Credit Loss (ECL) policy.

For further information:

Investor Relations Department

Email: [email protected]

Tel: +20 (0)2 35356710

Fax: +20 (0)2 3535 7017

Head of Investor Relations - Hanzada Nessim

Email: [email protected]

Tel: +20 (0)2 35356502

Fax: +20(0)2 3535 7017

www.efg-hermes.com