OIH BOD Minutes Summary

Orascom Investment Holding S.A.E.

Established pursuant to the provisions of Law 95/1992

Head Office: Nile City Towers, South Tower, 29 Floor,

2005 A corniche El Nile, Ramlet Beaulac, 11221, Cairo, Egypt.

Authorized Capital: EGP 22 Billion

Issued Capital:

EGP: 2,203,190,060.40

(Fully paid)

Number of Issued Shares:

5,245,690,620

Summary of Board of Directors Resolutions

October 1, 2020

On Thursday, October 1^st, 2020, pursuant to the invitation extended by Eng. Naguib Onsi Sawiris - Chairman and Managing Director to the Directors; the Board of Directors reviewed and voted on the following agenda by circulation:

·    Eng. Naguib Onsi Sawiris - Chairman & Managing Director;

·    Eng. Akil Hamed Bashir - Non-Executive Vice-chairman (independent);

·    Eng. Hassan Mostafa Abdo - Non-Executive Director;

·    Eng. Iskandar Shalaby Naguib Rizk - Non-Executive Director;

·    Dr. Sameh Youssef El Torgoman - Non-Executive Director;

·    Mr. Ashraf Abdel Tawab Salman - Non-Executive Director (independent);

·    Mr. Mohamed Hamdan Ashmawy - Non-Executive Director; and

·    Mr. Oussama Daniel Faltas - Executive Director.

-     Mr. Mostafa Mamdouh Abdel Razek - Secretary of the Board.

Resolutions:

First resolution: The Board of Directors unanimously ratified the Auditor's report, the Audit Committee's report and the consolidated (IFRS) financial statements for the period ended 30/9/2019.

Second resolution:  The Board of Directors unanimously ratified the Auditor's report, the Audit Committee's report and consolidated (IFRS) financial statements for the period ended 31/12/2019.

Investor Relations Director

Marwan Mohamed Hussein