Orascom Development Holding AG

January 2016 Agenda

ODH: Leading Developer of Fully Integrated Towns Page 3

Projects Overview Page 10

Page 22

Operational and Financial Summary Page 21

Appendices Page 37

2 ODH : Leading Developer of Fully Integrated Towns

3 History- How it all started

Over 20 years ago, Orascom Development’s founder Samih O. Sawiris had a simple idea – to create a little piece of paradise on the exquisitely desolate coast. This initial thought evolved over the years and became our principle.

ODH sells 15% The Cove in Ras Al Project announcement New projects in Samih O. Sawiris becomes stake in OHD to Development Khaimah (U.A.E.) the of Haram City (), Cornwall (UK) & Luštica majority shareholder of ASA; reactivate its of Taba first destination Jebel Sifah & Salalah Bay (Montenegro) & sale of Romania project to trading, Heights on the outside of Egypt, a Beach (Oman); signing launch of , Samih O. Sawiris & Orascom resumption of Year of Gulf of Aqaba lease agreement of agreements for 28 km away from Hotel Management (OHM) trading Foundation (Sinai with the Gov. to Andermatt (CH) & was established to manage effective 6th Peninsula) develop Amoun Chbika (Morocco) the Group’s Hotel inventory January 2015 & Island, 22,000 m2 Sale of Tala Bay hotel in Jordan

1989 1997 2005 2007 2009 2013 2015

1991 1998 2006 2008 2010 2014

Agreement to Established ODH, Initiation of affordable Orascom signs First phase of participate in the acquired 99.7% of OHD housing project in Deconsolidation of Orascom development flagship development of through a tender offer Constanta (Romania) & Housing Communities agreements with project becomes Tala Bay, Jordan Headquarter is moved Allocated 0.8 million m2 in (OHC)& its subsidiaries; the Omani operational & Awarded 1.2 to Altdorf (CH), listing the Governorate , the budget housing and Government for million sqm in on the SIX Swiss second budget housing construction & Sale of four projects Fayoum, Egypt Exchange project in Egypt CMAR (Mauritius Club Med)

EGYPT INTERNATIONAL EXPANSION

So far, we have successfully implemented this concept in Egypt, Jordan, UAE, Oman, Switzerland and in other projects under development in Europe

4 Orascom Development Holding AG Today

The Only Leading Developer of Fully One of The Largest Land One of The Largest Hotels Integrated Towns Banks Portfolio Including Real Estate, Hotels. activities, marinas 100.2 million sqm, out of which 68.4 32 hotels with 7,759 rooms Leisure, golf courses, hospitals , schools & all million sqm is still undeveloped supporting infrastructure Loyal Shareholder Spearheaded by a seasoned Executive Base Management Team Been with the company for over 6 years with unparalleled expertise in the travel , tourism and real estate sector level 79% MORE THAN Of our hotels in Egypt are certified with 3 to 5 49 Green Star Star Hotels Awards To suit different During 2014 for our Over 25 standards hotels in Egypt, Jordan 9 Operating Destinations & Oman YEARS El Gouna, Taba Heights, Makadi, & DEVELOPMENT Haram City (Egypt) , Jebel Sifah & Salah Continuous Progress on Strategy Beach (Oman), The Cove (UAE), EXPERIENCE Andermatt (Switzerland) & Lustica Bay Execution (Montenegro) Achieved all communicated targets of 2015 Other destinations in different stages of development Dual listing on SIX and EGX Approx. 8,773 Employees with 40,409,926 outstanding shares As of November 30th, 2015 Real Estate Sales of CHF 2.05 Bn 72.6% owned by Samih Sawiris Since 1997

5 ODH’s Projects at a Glance

Land Bank (mn sqm) Hospitality Portfolio

Under Under ODH Blended Rooms Operated by Hotel Blended Total Land Bank Completed Undeveloped Number of Rooms Construction2 Development3 Ownership % ODH Ownership % 10

El Gouna El Gouna El Gouna El Gouna 36.92 El Gouna 8.96 5.48 1.2 21.28 84.7% El Gouna 2,627 El Gouna 1,279 87.0%

Taba Heights Taba Heights Taba Heights Taba Heights 4.27 Taba Heights 2.56 0.0 0.02 1.69 83.8% Taba Heights 2,365 Taba Heights 1,538 71.0%

Makadi Makadi Makadi 3.39 Makadi 4 Makadi 0.47 0.0018 63.1% Makadi 7 Makadi 67.0% - 2.92 1,6541,144 1,113

Haram City Haram City Haram City 2.6 Haram City 1.93 0.17 0.32 Haram City 0.18 35.3% Haram City Haram City - Egypt

Fayoum Fayoum 1.08 Fayoum Fayoum 57.0% Fayoum 0.25 0.07 0.08 Fayoum 0.69 Fayoum -

Chbika

Qena… Qena Gardens - 0.8 Qena Gardens Qena Gardens 35.3% Qena Gardens Qena Gardens -0.0 - Qena Gardens 0.8 - - 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0

-- 0.2 0.5 0.4 0.6 1.0 0.8 1.5 1.0 2.0 2.5 3.0 3.5 4.0 - 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 - 0.5 1.0 0 100 200 300 400 500 600 700 (1.0) 4.0 9.0 14.0 19.0 24.0 0 500 1,000 1,500 2,000 2,500 3,000 1

Salalah Beach 71.0% Salalah Beach Salalah Beach Salalah Beach Salalah Beach Salalah Beach 13.6 0.9 Salalah Beach 0.2 1.5 11.0 70.0% 700 300 1

Jebel Sifah Jebel Sifah Jebel Sifah Jebel Sifah Jebel Sifah Jebel Sifah 6.2 0.2 Jebel Sifah - 1.5 4.5 70.0% 67 67 70.0% 2

As Sodah Island As Sodah Island As Sodah Island As Sodah Island As Sodah Island Oman As Sodah… 1.0 - As Sodah Island - 0.8 0.2 49.0% - - 1

City Walk City Walk City Walk City Walk City Walk City Walk 0.1 - City Walk - - 0.1 70.0% - -

- 0.5 1.0 - 5.0 10.0 15.0 20.0 - 0.5 1.0 1.5 2.0 - 5.0 10.0 15.0 0 200 400 600 0 50 100 - 0.5

Chbika Chbika Chbika Chbika Chbika Chbika 15.0 - Chbika - 3.0 12.0 55.0% - - Morocco

- 5.0 10.0 15.0 20.0 - 0.5 1.0 1.5 2.0 2.5 3.0 3.5 - 5.0 10.0 15.0 0 0 0 1 1 1 0 0.2 0.4 0.6 0.8 1 0.0 0.2 0.4 0.6 0.8 1.0 - 0.2 0.4 0.6 0.8 1.0 3 Luš tica Luštica 6.9 Luštica 0.02 0.1 Luštica 0.3 Luštica 6.48 90.9% Luštica - Luštica - Montenegro

- 2.0 4.0 6.0 8.0

- 0.5 - 5.0 10.0 0 0 0 1 1 1 0 0.2 0.4 0.6 0.8 1 0.0 0.2 0.4 0.6 0.8 1.0 - 0.1 0.1 0.2

Andermatt Andermatt Andermatt Andermatt 1.5 Andermatt 1.3 Andermatt - 0.1 0.1 49.0% Andermatt 100 - 49.0% Switzerland

0.0 5.0 0.0 0.2 0.0 0.5 0 0.2 0.4 0.6 0.8 1 8 - 1.0 2.0 - 0.2 0.4 0.6 0.8 1.0 0 100 200 Eco-Bos Luštica Andermatt Andermatt Eco-Bos 75.0% Eco-Bos 6.54 - - Eco-Bos - 6.54 - -

UK - 5.0 10.0 0.0 0.2 0.4 0.6 0.8 1.0 - 5.0 10.0 0 0 0 1 1 1 0 0.2 0.4 0.6 0.8 1 - 0.2 0.4 0.6 0.8 1.0 0.0 0.2 0.4 0.6 0.8 1.0 4 73.0% The Cove Marina Plaza 73.0% The Cove The Cove The Cove 0.3 The Cove 0.3 The Cove - - - 346 - UAE

0.0 0.2 0.4 0.6 0.8 1.0 0.0 0.2 0.4 0.6 0.8 1.0 0 200 400 0 0.2 0.4 0.6 0.8 1 0.0 1.0 2.0 3.0 4.0 0.0 0.5 1.0 0.0 0.2 0.4 0.6 0.8 1.0

100.22 16.89 6.02 8.82 68.49 7,759 9 4,297

1 Leasehold agreement 2 Usufruct Agreement 3 Leasing and Development Agreement 4 Lease Agreement 5 Any plot of land where infrastructure is completed and individual elements of the projects are under construction 6 Any plot of land where infrastructure is under construction but not yet completed 7 283 rooms are located in Makadi Project, while the 1,344 rooms are located within the Makadi Bay and 27 of Oberoi Zahra is a floating hotel on the Nile 8 American call option (ending 2030) granting ODH the right to purchase part or all of the land plot. The company has donated 0.06 sqm of total land to the Cornwell council in 2014 to build a road 9 Total excludes 100 rooms in Switzerland as it is not consolidated 6 10 ODH Blended ownership (%) in the Hospitality Portfolio is calculated based on the Group’s weighted average stake of the hotels’ paid in capital in each destination The Company Adopts a Unique, Vertically Integrated, Business Model Centered on Transforming Desolate Pieces of Land into Attractive, Self-sufficient, Resort Towns

Operational Development Phase . ODH’s business model Phase incorporates owning and managing the whole value chain from the raw land Real Estate Owner acquisition to developing & Real Estate Services operating real estate, hotels, and managing the destination:

– Securing land at nominal Hotel Development Hotel Operations costs – Control of entire value New chain from master destination planning and identification Destination construction to operation acquisition & Destination Development Operations of a destination initial – Continuous pre-sales to concept finance ongoing Controlled Sale of investments Sub-development Large Plots of Land to Third Party . In parallel, management has Developers recently adopted the new strategic notion of selling large plots of land to third Land Value Creation party developers, in a move to accelerate the monetization of land (Master- development), while providing strict development guidelines, to ensure control over the development and maintain the architectural harmony of the destination

7 Business Segments - Overview Land Sales & Other Hotels Real Estate & Construction Destination Management Investments

. 32 Hotels , total of 7,759 . Land bank acquired at nominal . Public services &infrastructure . Andermatt (Switzerland) costs . OHC (Budget Housing) 1 maintaenance that includes: rooms . Sale of middle-to-upper scale . Tamweel; Financial Services . 22 self managed, 10 under- apartments and villas to private . Water Services Company clients . Master Development (ODM management . Sewage treatments Egypt) . Orascom Hotels Management . In-house sales as well as international distribution . Electricty . 820 retail outlets & 87 (OHM) manages company’s channels restaurants/bars hotel inventory . Off-plan sales with customer . 1,854 employees prepayments . 5 schools & universities . 5,044 employees . Sales of CHF 2.05 Bn 2 . 2 hospitals & 7 marinas, 4 golf courses . 481 employees . 1,394 employees 3 Revenues 9M 2015 Revenues 9M 2015 Revenues 9M 2015 Revenues 9M 2015 CHF 92.1 mn CHF 55.4 mn CHF 11.0 mn CHF 87.5 mn • Land Sales: CHF 64.1 mn • Tamweel: CHF 13.9 mn 1 As of December 31, 2015 • Others: CHF 9.5 mn 2 From 1997-9M 2015 (gross number) 3 Including all company support funcitions in Egypt, Oman, Morocco and Montenegro 8 Agenda

ODH: Leading Developer of Fully Integrated Towns Page 4

Projects Overview Page 11

Page 22

Operational and Financial Summary Page 22

Appendices Page 37

9 Projects Overview

10 El Gouna - World Class Destination on the Egyptian Red Sea Coast

El Gouna . Total land area : 36.92 million sqm , Developed: 14.44 million sqm, (39.1% developed) Key Facts . Number of hotels and rooms: 16 hotels with 2,627 rooms ( four 5 *s , nine 4 *s and three 3*s) . A private , self-sufficient town built on 10 km of the Red Sea coastline and located north of Hurghada, 35km from the Hurghada International Airport . The town offers a range of facilities such as a hospital, two 18-hole championship golf courses, three marinas, four schools, a library, and two universities branches

Hotel KPIs, CHF Real Estate KPIs 121 163 100 74% 80% 211 47 61 82 66% 100 4.0 70% 3.4 80 56% 61% 59% 54% 60% 80 2.8 2.5 2.5 2.5 3.0 2.3 60 91 50% 60 40% 68.5 2.0 40 83.5 40 53 59 30% 69 48.7 1.0 51 54 52 52 51 20% 20 20 47 48 49 24.8 19.4 34.9 10% 0 0.0 0 0% 2010 2011 2012 2013 2014 9M 2015 2010 2011 2012 2013 2014 9M15 Value of Contracted Units, CHFmn No of Units ARR TRevPar Occ. Rate Average Price/sqm, CHF 000’s

El Gouna Draws Most of its Clientele from Europe... Destination Update Visitors Breakdown by Nationality . Accelerating the construction of all launched projects during Global Human 120% Settlements Egypt 2014, expecting to start delivery in Joubal by end of 3Q16, 6 Award 100% months ahead of schedule. 19% Germany 20% 29% 29% 27% 80% . Launched new phases of Joubal and Sabina, with a total 48% 40% Others 17% 19% inventory of USD 50 mn. 60% 16% 19% 36% UK 29% 13% 18% . Launched Water Side Condos with a total inventory of USD 32.7 40% 32% 27% 28% Belgium mn in Dec 2015. 12% 25% 28% 22% Global Green 8% 9% 6% 20% 10% 9% France Town – El Gouna 10% 9% 6% 5% 5% . Finalizing the construction of Ancient Sands hotel in El Gouna, 7% 4% 6% 0% Russia to launch in 1Q 2016. . 2009 2010 2011 2012 2013 2014 9M 2015 2014 . Signed a new sub-development agreement for 100,000 m2 for * Others include: Polish, Dutch, Italians and Scandinavians USD 20.0 mn. 11 Taba Heights – Sinai’s Premium Destination

Taba . Total land area : 4.27 million sqm, Developed: 2.56 million sqm, (60% developed) Heights . Number of hotels and rooms: 6 hotels; 2,365 rooms (five 5* s and one 4 *s) Key Facts . Taba Heights is situated between the mountain ranges of the only 25km away from Taba International Airport . The town offers a marina and a golf course alongside a wide range of facilities such as a medical center, child daycare services, a school, and a vibrant up-town center

Hotel KPIs, CHF

80 74% 80% 70% 51% 60 44% 60% 41% 50% 69 40 40% 50 52 29% 48 30% 53 47 20 46 44 19% 20% 37 28 18 18 10% 0 0% 2010 2011 2012 2013 2014 9M 2015 ARR TRevPar Occ. Rate Taba Heights Draws Most of its Clientele from Europe... Destination Update Visitors Breakdown by Nationality . Travel bans and strict warnings on Sinai continued to impact hotel operations. 120% UK . During the 9M15,only 4 hotels were operational (1,756 rooms) 100% Others 10% 24% 27% 18% . After the most recent attacks in Sinai and the continued travel bans, we have 30% 33% Israel 80% 27% 41% 21% decided to shut down all hotels in Taba except Sofitel and transfer the majority 60% 24% 23% France 25% 8% 10% 15% of the staff to the hotels in Gouna and Makadi 10% 11% 21% Egypt 40% 20% 24% 13% . In the 9M 15, GOP losses generated from Taba Heights hotels alone amounted 14% 3% 18% 17% 10% 6% 5% 11% 21% Belgium to CHF 3.4 mn 20% 8% 7% 11% 12% 8% 6% 6% 7% 10% 18% Russia 10% 12% 7% 11% 0% 5% 5% Germany 2009 2010 2011 2012 2013 2014 9M 2015 * Others include: Polish, Jordanians Scandinavians and Italians 12 Makadi - The First Gated Community In The Heart Of Hurghada

. Total land area : 3.39 million sqm, Developed: 0.47 million sqm , (13.86% developed) Makadi . Number of hotels and rooms: One 4* hotel with 283 rooms + two 4 * & 5 * Azur Hotels in Key Facts Makadi with a total of 830 rooms (Royal Azur, a 5 star Hotel (491 rooms) & Club Azur, a 4 star Hotel (339 rooms) . Makadi is the first gated community in the Hurghada region, only 30 km away from Hurghada International Airport . The town resort features residential units and hotels, along with spacious commercial area, a medical center, among other services

Hotel KPIs, CHF Real Estate KPIs

80 84% 100% 1,752 96 54 52 57 18 69% 80% 80 660 60 63% 61% 584 644 55% 621 640 51% 60% 60 620 40 74 591 595 599 40% 40 600 48 20 40 40 38 39 43 63.7 580 34 36 30 33 31 20% 20 3.9 2.3 2.2 3.0 0.9 560 0 0% 0 540 2010 2011 2012 2013 2014 9M 2015 2010 2011 2012 2013 2014 9M 2015 ARR TRevPar Occ. Rate Value of Contracted Units, CHFmn Average Price/sqm No of units

Visitors Breakdown by Nationality Destination Update 120% Russia

100% Egypt . Reviving the destination, expediting the design drawings for the destination’s club house facility with plans to start its construction during 80% Germany 56% 55% 53% 57% 57% 57% 47% 1Q 16. 60% France . Hotels’ occupancies were affected by the recent plane crash in Sharm El 11% 40% 12% 14% Others Sheikh, whereby Russian market represented 47% of the guests in 9M15 12% 12% 17% 15% 11% 12% 11% 29% . 20% 13% 6% 16% Belguim Shut down two hotels (Makadi Gardens & Club Azur) 9% 12% 14% 12% 15% 9% 9% . Compensating lost Russian business from other source markets 0% UK 2009 2010 2011 2012 2013 2014 9M 2015 * Others include: Polish, Italians, Scandinavians and Swiss 13 Byoum – The Heart of Fayoum, On Lake Qarun

. Total land area : 1.08 million sqm, Developed: 0.32 million sqm , (29.6% developed)

Byoum . Number of hotels and rooms: One 4* hotel with 62 rooms (20 hotel rooms and & 42 hotel apartments, expected to be launched in Q1 2016 Key Facts . located 100 km southwest of in an ideal location overlooking the spiritual lake of Qarun. Plans are set to develop two luxury residential communities . Sales started in 2008, to date we have sold 116 units with a total value of EGP 131 mn (USD 16.9 mn) . Total remaining inventory is EGP 310 mn (USD 40.10 mn) Master Plan Reviving the Destination

1. Byoum Main Gate 5. Beach Club . Finalizing the construction of Byoum Hotel, to be launched during Q1 2016 2. 4 Star Hotel 6. Commercial Area . Planning to launch new phases with a total inventory of 3. Hunting Lodge EGP 30 mn (USD 3.9 mn) during Q1 2016 4. Pier

14 The Cove – A Highly Rated 5-Star Beachfront Getaway for Leisure and Relaxation

. Total land area : 0.3 million sqm Taba Heights . The resort encompasses: Key Facts −A 346 room five star hotel managed by Rotana, an acclaimed operator in MENA and worldwide −188 villas −An employee residential compound comprised of 80 apartments; −A commercial center; and −A ~12,225 sqm vacant land plot, which is well positioned for various development options

. ODH’s Management intends on converting the employee housing compound into an apartment hotel, which will serve as an extension, adding 145 rooms to the hotel’s capacity

Hotel KPIs, CHF 81% 75% 200 63% 77% 81% 67% 90% 80% 150 70% 60% 50% 100 215 217 203 188 182 183 40% 169 161 160 161 159 139 30% 50 20% 10% 0 0% 2010 2011 2012 2013 2014 9M 2015 ARR TRevPar Occ. Rate

Visitor's Breakdown by Nationality as of 9M 2015 Destination Update

2% 12% Germany • Awarded the Luxury Coastal Resort Continent Winner-2014 World Luxury Hotel 2% Awards United Arab Emirates 4% • Awarded the RTK Hotel Award 2014 as one of the Top 100 Hotels for RTK Travel 44% Switzerland Agents in Germany Austria • Finalizing the construction of 145 new rooms to be added to the hotel’s inventory and expected to be in Q1 2016 37% United Kingdom • Occupancy was affected post the ruble devaluation; however, the local & the Others German markets witness a gradual growth to compensate the lost Russian business. * Others include: Russian, British Swedish and French

15 Jebel Sifah- A Tranquil Haven

. Total land area: 6.2 million sqm , Developed: 0.2 million sqm, (3.2% developed) Jebel Sifah . 6 hotels (1,062 rooms), of which the Sifawy Boutique Hotel is already operational, with a capacity of 67 rooms. Four Seasons , Banyan Tree Hotels & Resorts & Anatara, among other players, are Key Facts expected to operate hotels in Jebel Sifah . Located between the marine life rich Indian Ocean and the breathtaking Hajjar Mountains (the highest in the Arabian Gulf), Jebel Sifah is a charming resort town located 30 km from the Omani Capital’s city center. . The town will encompass 950 residential units, including already 18 completed apt blocks, Inland marina, a 18-hole championship golf courses designed by Peter Harradine, commercial centers Hotel KPIs, CHF Real Estate KPIs

33% 15 15 12 5 5 150 31% 29% 35% 12 3.0 25% 27% 30% 10 2.8 25% 10.5 100 8 2.5 2.9 20% 2.5 2.6 6 2.4 2.4 134 15% 2.4 106 111 116 82 119 4 50 76 10% 7.4 5.7 2.2 2 3.6 4.1 52 81 81 5% 0 0% 0 2.0 2011 2012 2013 2014 9M 2015 2011 2012 2013 2014 9M 2015 Value of Contracted Units, CHFmn ARR TRevPar Occ. Rate No of Units Average Price/sqm, CHF 000’s Visitors Breakdown by Nationality as of 9M 2015 Destination Update . Opened the floating fuel station on the marina Oman 3% 14% . Progressing with the Golf Course construction, completed its design and Germany 5% rough shaping & finalized 5 holes out of the first 9 holes Switzerland . Infrastructure completed in the main resort boulevard and different villa 7% zones including water plumping, electrical linkage and landscape France 61% . Opened “Extra Divers” 9% United Kingdom Others

16 Salalah Beach – A Self-sufficient Tropical Oasis on the Arabian Sea

Salalah . Total land area: 13.6 million sqm , Developed: 1.1 million sqm, (8.1% developed) Beach . 7 hotels (1,800 rooms), of which the Juweira Boutique , Al Fanar Hotel and Rotana are already Key Facts operational, with 82 rooms, 218 rooms and 400 rooms, respectively. Mövenpick and Club Med are expected to open their doors, each operating ~395 rooms . The town will encompass, residential units, 200 berth marina; the Marina Town where 45 shops are already operating, commercial centers and a water park . The destination is located only 25km away from Salalah Airport and approximately 90 minutes flight from most GCC countries

Hotel KPIs, CHF Real Estate KPIs 47% 47% 46% 150 50% 20 8 9 41 5 39% 12 5.0 40% 4.0 100 10 4.0 141 30% 8 2.6 113 99 2.2 2.4 3.0 128 95 125 20% 6 2.0 50 10.3 2.0 97 4 74 10% 5.9 2 3.7 3.7 1.6 1.0 0 0% 0 0.0 2012 2013 2014 9M 2015 2011 2012 2013 2014 9M 2015 ARR TRevPar Occ. Rate Value of Contracted Units, CHFmn No of Units Average Price/sqm, CHF 000’s Visitors Break Down by Nationality as of 9M 2015 Destination Update

. Opened Rotana 5 star hotel with 400 rooms in Dec 2014 7% United Arab Emirates . Water Park is a new addition to the town which will serve real estate owners, 26% Germany hotel guests and Salalah residents

30% Oman . Implemented the Sale and Leaseback system at Al Fanar Project with 45 off plan units 4% Italy . The soft opening of Al Fanar Hotel & Residences, a 4-star hotel of 218 rooms, 17% Saudi Arabia took place on 17th of December 2015 16% Others

17 Lustica Bay – Montenegro

. Located in Montenegro on the Adriatic Sea, with a land bank of 6.9 mn sqm, Developed: 0.12 million sqm, (1.7% developed) Lustica . The land is held on a leasehold agreement for 99 years starting 2009. The company starting Bay Key 2014 will pay an annual rent fee of EUR 1mn per year for a period of 10 years Facts . The project is planned to include 1,820 residential units, 7 hotels with a total capacity of 1,200 rooms and two world-class marinas with an operating capacity of 226 berths, 18-hole championship golf Course (Gary Player Signature Course) . Construction started in Sep 2013. In less than two years, Lustica is now an operating destination & an emerging new town with residents moving in their homes in the summer of 2015 Emerging New Town . First two buildings clusters (10 buildings comprising 70 apartments) have been fully finished and delivered in August, with residents moving in the summer of 2015 . The foundation of the next two buildings & first Villa clusters have started, with planned completion dates in Q4 2016 and Q2 2017 . 80% of the main marina works have been completed, with an expected operating date of March 2017 . Excavation works for the Golf Course is completed and the construction permit has been obtained (the first Golf Course permit in Montenegro) . Design works for the first Marina Hotel is done, with an expected operating date of summer, 2017 for the first phase and the rest by summer 2018 Real Estate KPIs

48 41 15 25 43 4.8

20 4.6 4.6 4.4 15 4.3 4.4 4.1 22.0 10 19.1 4.2 15.4 5 4.0 6.4 0 3.8 2012 2013 2014 9M 2015 Value of Contracted Units, CHFmn No of Units Average Price/sqm, CHF 000’s 18 Other Projects

Chbika1 . Located South of Agadir on the Atlantic Ocean, Chbika has a total land bank of 15mn sqm split into two phases with land areas of 5mn sqm and 10mn sqm, respectively Overview . Chbika’s plan encompasses mix of villas apartments and mansions, in addition to 3 hotels with a total capacity of 1,000 rooms . Ongoing negotiations for raising the needed funds to develop the 3 hotels in addition to finishing the marina and the first 9 holes of the golf course Eco-Bos2 . Located in the UK, Eco-Bos is one of four projects to receive the ‘Eco-town’ accreditation . The project, comprising seven land parcels, includes the redevelopment of 700 hectares of former industrial land, developing 5,500 new homes and creating over 5,000 jobs Overview . Designed to deal with dispersed rural travel and deliver a highly sustainable transportation network . Low Carbon Communities, Building energy and resource efficient homes with computer-based technologies to efficiently manage energy and water resources Andermatt . Andermatt Swiss Alps is a first-rate holiday destination with a land bank of 1.5mn sqm offering broad activity and lifestyle pursuits . The project is planned to include 490 apartments, 25 exclusive villas, and 6 hotels with a capacity of 844 rooms and a ski arena Overview . In Dec 2013, ASA opened its first 100-room, 5-star deluxe hotel operated by The Chedi Andermatt . Mr. Samih Sawiris has become the new majority shareholder of ASA with a 51% share by converting his loans to the Group into ASA equity, ODH now is owns 49% and ASA is deconsolidated from the Group’s financials

1 The project has been granted the status of new integrated tourism zone. The project company has the right to acquire and transfer freehold title to the land area of approximately five million m2 (Phase 1) and approximately ten million m2 (Phase 2) subject to certain conditions, except for golf areas which will be subject to long term lease agreements. The project company has the right to transfer its rights under the development agreement subject to certain conditions. 2 American call option (ending 2030) granting ODH the right to purchase part or all of the land plot

19 Agenda

ODH: Leading Developer of Fully Integrated Towns Page 4

Projects Overview Page 11

Page 22

Operational and Financial Summary Page 22

Appendices Page 37

20 Operational And Financial Summary

21 ODH financial results

Occupancy rate (%) Contracted sales (CHF mn)

100 81 76 400 336 62 56 57 300 51 51 44 51 54 173 213 50 200 136 115 66 88 83 100 0 0 2008 2009 2010 2011 2012 2013 2014 1H 2014 1H 2015 9M 2008 2009 2010 2011 2012 2013 2014 9M 2015 2015

Average room rate (CHF) Number of units sold

668 65 800 80 56 59 57 60 57 56 52 53 56 60 600 40 400 317 297 204 265 20 152 184 209 0 200 2008 2009 2010 2011 2012 2013 2014 1H 2014 1H 2015 9M 0 2015 2008 2009 2010 2011 2012 2013 2014 9M 2015

TRevPAR 1 Average selling price (CHF’000’/m2)

87 8 6.9 100 81 5.3 69 57 61 51 48 40 49 52 6 4.4 50 3.2 2.6 4 2.6 2.5 2.5 0 2 2008 2009 2010 2011 2012 2013 2014 1H 20141H 2015 9M 0 2015 2008 2009 2010 2011 2012 2013 2014 9M 2015

1 Total Revenue per available room * Revenues and KPIs of Citadel Azur, five –stars hotel with 513 rooms was added back to ODH’s hotel portfolio in FY14, post the settlement reached with Falcon Hotels

22 ODH weathered through some turbulent times…

. With the recent Contracted Units, Average Selling Price TRevPar, Occupancy Rates political stability, (Units, CHF )1 start of an 100 (CHF, %) 100% economic recovery300.0 152 271 204 265 182 30.00 90 90% in general and 80 80% 56% 57% revival of the 2.34 70 70% tourism sector in200.0 20.00 60 51% 51% 54% 60% particular, ODH 5.26 50 50% 216 2.63 40 40% started benefiting 2.52 2.48 100.0 115 10.00 30 57 457 30% through increased 88 51 48 52 88 20 20% Real Estate Sales & 66 10 10% Hotel revenues - 0.00 0 0% 2011 2012 2013 2014 9M 2015 2011 2012 2013 2014 9M 2015 Value of Contracted Units, CHF mn Number of Contracted Units . The Company’s Average Price / sqm, CHF 000’s TRevPAR Occupancy Rate restructuring efforts over the …Translating into Enhanced Financial Performance last period are already bearing Revenue EBITDA the fruits of its (CHF mn) (CHF mn) success through generally positive 105 financial indicators 54

254 272 251 246 221 -40 -52 -81

2011 2012 2013 2014 9M 2015 2011 2012 2013 2014 9M 2015

* OHC was deconsolidated in 2014, and hence, was excluded from our figures retrospectively

23 Business Segments 9M 2015

Revenue EBITDA Adjusted EBITDA1

(CHF mn) 9M 2015 9M 2014 Δ in % 9M 2015 9M 2014 9M 2015 9M 2014

Hotels 92.1 79.0 16.6% 10.3 10.1 13.6 8.9

Real Estate & Construction 55.4 60.9 (9.0)% 20.2 20.3 17.7 19.1

Land 64.1 12.0 434.2% 62.1 10.8 63.9 11.5

Destination Management 11.0 9.6 14.6% (2.7) 0.4 (2.5) (0.6)

Other Operations 23.4 23.1 0.9% 6.5 15.6 6.6 6.9

Corporate & Unallocated Items - - - (42.5) 26.2 (19.8) (20.9)

ODH Group 246.0 184.6 33.3% 53.9 83.4 79.5 24.9

1 Adjusted EBITDA: EBITDA adjusted for non cash items (which includes provisions & impairments, other gains and losses, FX gains & share in associates)

24 Real Estate KPIs 9M 2015

Value of contracted Number of contracted Average Selling Price Value of deferred units (CHF mn) units (CHF/m2) Income (CHF mn)

Country Destination 9M 15 9M 14 9M 15 9M 14 9M 15 9M 14 9M 15 9M 14 Egypt El Gouna 68.5 25.1 163 59 2,539 2,352 76.6 32.7 Fayoum ------3.1 4.3 Makadi 0.9 2.2 18 46 644 583 0.5 2.0 Gardania 1.8 - 3 - 1,255 - - - Oman Jebel Sifah 4.1 2.4 5 4 2,358 2,808 17.7 26.0

Salalah Beach 1.6 9.1 5 37 2,648 3,937 14.5 20.6

Montenegro Luštica Bay 6.4 16.2 15 29 4,602 4,262 31.5 41.5 ODH Group 83.3 55.0 209 175 2,476 2,564 143.9 127.1

Numbers net of cancellations:

ODH Group 50.9 46.6 152 139

25 Deferred Revenue Recognition Schedule (CHF mn)

Deferred Country Destination Q4 2015 2016 2017 2018 2019 Revenue Balance

Egypt El Gouna 76.59 3.64 24.74 25.38 22.83 -

Fayoum 3.12 - 2.42 0.70 - -

Makadi 0.52 0.09 0.43 - - -

Total Egypt 80.23 3.72 27.59 26.08 22.83 -

Oman Jebel Sifah 17.69 2.75 0.89 1.96 0.59 11.49

Salalah Beach 14.49 10.17 0.80 2.39 1.13 -

Total Oman 32.18 12.93 1.69 4.35 1.73 11.49

Montenegro Lustica Bay 31.54 4.06 - 23.50 3.98 -

ODH Group Total Group 143.94 20.71 29.28 53.92 28.54 11.49

26 Real Estate and Land Performance Update

Real Estate . Real Estate sales during 9M 15 reached CHF 83.3 million, an increase of 51.5% from the same period last year, which reached CHF 55.0 million, with the major contributor being El Gouna in Egypt along with stable sales from Montenegro and Oman. . Cash Collections from real estate sales in 9M 2015 reached CHF 58.7 mn. Gouna . Launched new phases of Joubal and Sabina, with a total inventory of USD 50.0 million post the successful launch and sale-out of Joubal & Joubal lagoons (Total inventory of USD 83.5 million) . Launched Water Side Condos, with a total inventory of USD 32.7 million in Dec 2015, introducing the new concept of rental management. . Planning to launch Fanadir Bay 1 with a total inventory of USD 50.0 mn during Q2 2016. . Launching Quick Wins in El Gouna with a total inventory of USD 4.0 mn in Q1 2016. . Accelerating the construction of all launched projects during 2014, expecting to deliver Joubal, 6 months ahead of schedule. Fayoum . We are planning to launch new products in Fayoum, with a total inventory of EGP 30.0 (USD 3.9 mn) in Q1 2016 Oman . Jebel Sifah, Oman progressing with the launch of phase 1 of the Sifah Golf course and expediting deliveries. . Revisiting the masterplans for Salalah and Sifah to optimize more land use. Lustica . Lustica Bay, Montenegro, started the construction of the new apartment buildings comprising 48 apartments, speeding up unit deliveries and planning to partially open the marina in the summer of 2017. Land . Signed a new sub-development agreement with Hassan Allam over 100,000 m2 in El Gouna for USD 20.0 mn in Sep 15. . Continuing with our land bank monetization strategy bringing in potential investors to invest in value adding projects in our destinations, targeting a transaction within the value of USD 20-40 million per year.

27 Hotel KPIs 9M 2015

Number of hotel Occupancy TRevPar GOP PAR rooms rate (%) (CHF) (CHF) Country Destination 9M 15 9M 14 9M 15 9M 14 9M 15 9M 14 9M 15 9M 14 Egypt El Gouna1 2,627 2,707 66 59 51 45 12 12 Taba Heights2 2,365 2,365 19 29 18 16 (8) (5) Others Red Sea3 1,627 1,117 69 61 43 38 15 13 Floating Hotels 27 27 10 3 69 20 (27) (65) Oman Total Hotels4 549 561 44 26 95 60 18 (2) U.A.E The Cove 346 346 67 75 183 188 59 71 Jordan Tala Bay5 - 260 24 45 23 42 (10) 2 ODH Group 7,541 7,383 54 49 52 43 11 9

1. Ocean View Hotel: In Q3 2015: 79 rooms have been converted to residential units resulting in a total number of rooms of 155. 2. During the 9M 2015,only 4 hotels were operating (1,756 rooms) in Taba Heights. However, during 9M 2014, all 6 hotels were operating until May 2014, when El Wekala and the Bayview Hotels were closed. 3. Citadel Azur, five – stars hotel with 514 rooms was added back to ODH’s hotel portfolio, post the settlement reached with Falcon Hotels. 4. Sifawy number of rooms was reduced to 67 rooms. 5. Marina Plaza Tala Bay Hotel in Jordan with a total capacity of 260 rooms was removed from the total number of rooms as of June 30, 2015 as it was sold in Q2 2015, yet the hotel's operational contribution for 1Q 2015 was included in the KPIs.

28 Hotel KPIs 3Q 2015

Number of hotel Occupancy TRevPar GOP PAR rooms rate (%) (CHF) (CHF) Country Destination 3Q 15 3Q 14 3Q 15 3Q 14 3Q 15 3Q 14 3Q 15 3Q 14 Egypt El Gouna1 2,627 2,707 70 67 57 52 14 15 Taba Heights2 2,365 2,365 25 53 25 28 (5) (1) Others Red Sea3 1,627 1,117 78 75 53 46 21 15 Floating Hotels 27 27 9 3 55 20 (39) (41) Oman Total Hotels4 549 561 41 17 115 48 36 9 U.A.E The Cove 346 346 61 70 164 155 42 37 Jordan Tala Bay5 - 260 - 58 - 54 - 10 ODH Group 7,541 7,383 60 59 60 50 15 12

1. Ocean View Hotel: In Q3 2015: 79 rooms have been converted to residential units resulting in a total number of rooms of 155. 2. During the 9M 2015,only 4 hotels were operating (1,756 rooms) in Taba Heights. However, during 9M 2014, all 6 hotels were operating until May 2014, when El Wekala and the Bayview Hotels were closed. 3. Citadel Azur, five – stars hotel with 514 rooms was added back to ODH’s hotel portfolio, post the settlement reached with Falcon Hotels. 4. Sifawy number of rooms was reduced to 67 rooms. 5. Marina Plaza Tala Bay Hotel in Jordan with a total capacity of 260 rooms was removed from the total number of rooms as of June 30, 2015 as it was sold in Q2 2015, yet the hotel's operational contribution for 1Q 2015 was included in the KPIs.

29 Hotels Performance Update

Global slowdown of the tourism business post the French attacks in November 2015 . techniques of flexible pricing coupled with a pro-active communication approach towards the different stakeholders afforded normal booking trends for the first quarter of 2016.

Gouna . Continued Hotel refurbishments, coupled with the reviewed contracting strategy introduced in 2014 and the new F&B outlets across El Gouna Hotels afforded a 14% increase in TRevPAR values in 9M 15 over 9M 14. . Active measures to increase the efficiency of the segment. Converted 79 rooms of Ocean view hotel in El Gouna into residential units to be sold. . Progressing with the development of the Ancients Sands hotel in El Gouna and Paradisio in Fayoum. Hotels are due to open in 2Q 16.

Makadi . Makadi Hotels sustained its positive performance, recording a 106% growth in GOP in 3Q 15 vs. 3Q 14. This performance resulted from OHM’s take over of management in February 2015. The hotels achieved a GOP of EGP 20mn, representing a 144% increase for 9M 15 vs. 9M 14. . Hotels in the area were negatively impacted by the Russian aircraft incident that took place in Oct 2015. . Shut down of 2 hotels (Makadi Gardens and Club Azur), cutting down on expenses and special promotional campaigns in the East European, German and local markets to fill in the business gaps.

Taba Heights . Continuing with the cost-cutting measures at Taba Heights. We have downsized operations and have kept only Sofitel hotel open with 442 rooms. In the 9M 15, net losses generated from Taba Heights hotels alone amounted to EGP 27 mn. . Anticipated slowdown in the European business post the plane crash in October 2015.

The Cove, UAE . The Cove Rotana continues to suffer the effect of the Russian ruble devaluation; however, the local and the German speaking markets witness a gradual growth to compensate the lost Russian business.

Oman . The soft opening of Al Fanar Hotel & Residences, a 4-star hotel of 218 rooms, took place on December 17, 2015. Hotel is currently running an occupancy of 46% with a forecasted month closure at 80% . Activated a CHF 1.0 mn worth commitment deal with Eden Viaggi for Al Fanar Hotel, whereby the later is currently selling Al Fanar as one of its Ten Premium Properties worldwide.

30 Advanced Negotiations For An Optimum Debt Refinancing Package

. Management is 600 499 ( 126 ) currently 500 72 Hotels 104 132 undergoing a Net Debt 400 373 Total Debt 188

restructuring Build-up 300 Breakdown by 499 program in an (CHF mn) 1 Entity 200 135 effort to de-lever (CHF mn) 1 OHD’s balance 100 Corporate

sheet down to - 367 normalized levels Overdrafts LTD CPLTD Tamweel Total Debt Cash Net Debt

100.0 . The Company is 90.0 18% 80.0 74 planning to pay Loans Runoff 70.0 36% down ~EGP 700 60.0 57 56 Total debt by 7% Before 50.0 41 currency mn (CHF 87.6 mn) Rescheduling 40.0 1 2 30.0 ( %,)

of which the (CHF mn) 20.0 14 15 15 10 39% company had 10.0 3.9 0.6 0.6 0.0 already paid EGP 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 EGP USD EUR Others 270 mn (CHF 33.8 mn) for capitalized interest and past dues and is Loans Runoff 59 64 59 30.09.15 31.12.14 negotiating with 51 55 After banks to Rescheduling 35 Weighted average cost of 7.2 7.6 reschedule EGP (CHF mn) 3 19 debt (%)1 14 9 2,267 mn (CHF 5 1 283.6 mn) 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

1 Figures are as of ODH Financial Statements of 9M 2015 2 Sum of LTD and CPLTD, excluding Tamweel and adjustment and illuminations of CHF 4.9 mn at the Group level 3 Planned outstanding debt including overdraft facilities and excluding Tamweel, after paying off CHF 53.8 mn

31 Analysis of Market Prices Suggests that ODH’s Other Projects are Attractively Priced

* 543 1 (124) 96 19 The Market Values ODH’s Other Projects at a Deep Discount to Book 188 419 ODH Net 240 14 15 476 Debt 18 Build-up 42 (CHF mn) 4 35 58 Short term Long term shareholders Land Total Debt Cash Net Debt 327 debt debt loan Liabilities 79 * Post the capital increase shareholders loan will decrease to reach CHF 16 mn 215

149 1 180 419

Net Debt 1 Breakdown 239 by Entity (CHF mn)

Other Other Market Projects’ Projects’ Implied OHD Net Debt Other Projects' Net Debt ODH Consolidated Net Debt Book Equity Discount Value Value

400 337 350

300 Equity 222 250 188

Value 200 149 These figures represent the net BV3 of each of ODH’s Other Projects,

Analysis 150 totaling CHF 476 mn. This implies a deep discount (CHF 327 mn) to the

(CHF mn) 100 equity value derived by the market

50

0 2 ODH Market Cap OHD Market Cap 2 ODH Propotionalte 2 Other Projects's Equity Stake in OHD value

1 Excludes debt held on Tamweel; the company’s leasing arm 4 This represents the total consideration at which Cape Citadel (a 5-star hotel on the Red Sea Coast) was priced according 2 As of September 30th , 2015 to a legal dispute between ODH and Falcon 3 Net BV represents equity value + quasi-equity; which are amounts due to ODH and expected to be capitalized at a later stage

32 Snap Shot - Income Statement And Balance Sheet 9M 2015 , CHF Million

Summary Income Statement 9M 2015 9M 2014 Revenue 246.0 184.6 Cost of sales (174.3) (149.9) Gross profit 71.7 34.7 Gross profit margin 29.2% 18.8% Profit / (loss) before tax 8.9 42.4 Income tax expense (4.5) (7.5) Non-controlling interests 0.3 1.5 Net profit / (loss)attributable to ODH shareholders 4.2 36.4

Selected Balance Sheet Items 30.9.15 31.12.14 Property, plant and equipment 915.7 886.8 Inventories 194.4 305.6 Receivables 228.8 146.9 Cash and bank balances 126.2 100.7 Total assets 1,754.0 1,781.0 Borrowings 499.2 531.7 Payables 45.8 60.0

Other Liabilities 282.5 368.1 Total Equity 843.7 821.2

33 ODH Shares - Shareholding Structure*

Shareholders by Country Shareholders by Type Shareholders Breakdown

23%

36% 36% 42% 51% 4%

73% 3% 13% 8% 1% 10% Samih O. Sawiris Cayman Islands Greece Janus Capital Management LLC Egypt Switzerland Institutions Retail Dispo Shares Other Others Dispo Shares

Share Information No. of Registered Shares: 25,692,614 No. of Dispo Shares: 14,717,312 Market Capitalization**: CHF 414.2 mn Reuters Code: ODHN.S ISIN Code: CH0038285679 Index: SPI Index

34 * As of 31.12.2015 ** As of 31.12.2015 ODH EDR - Shareholding Structure*

Shareholders by Country Shareholders by Type Shareholders Breakdown

2%

6% 14% 17% 12% 1% 2% 18% 4%

8%

68% 68% 81%

Egypt UK KSA Other Samih O. Sawiris Samih O. Sawiris Insitiutions OIM PROJECTS LIMITED Other Retail DELLCREST CORPORATION Share Information First Arabian Development & No. of Registered Shares**: 185,374 mn Investment Co. Arab Investment Reuters Code: ODHR.CA ISIN Code: EGG676K1D011

* As of 31.12.2015 Other ** Implying a conversion ratio of 20:1, where 20 EDRs in Egypt are equivalent to 1 registered share in Switzerland.

35 Agenda

ODH: Leading Developer of Fully Integrated Towns Page 4

Projects Overview Page 11

Page 22

Operational and Financial Summary Page 22

Appendices Page 37

36 Appendices

37 New & Ongoing Real Estate Launches

38 Egypt, El Gouna Launched Joubal Views , Extension to Joubal Project Description Built on carefully crafted elevated land & designed to give residents a panoramic view of their surroundings. From different levels; residents can see the marina, the sea, and the mountains.

Key Facts Product 1 Product 2 Location El Gouna, Egypt Type Twin Villas Type Villas Launch Date September 2015 No of units 8 No of units 5 Footprint (sqm) 1,304 Total BuA (sqm) 1,336 Total BuA (sqm) 1,225 Sales Plan 1 year Inventory value, USD 3,600,000 Inventory value, USD 3,750,000 Final Delivery September 2018

39 Egypt, El Gouna Launched Joubal Lagoon Phase 2

Project Description Directly overlooking the lagoon and golf course, adding more features to the Joubal project units.

Key Facts Product 1 Product 2 Location El Gouna, Egypt Type Twin Villas Type Villas Launch Date September 2015 No of units 26 No of units 5 Total Project Area (m2) 52,000 Total BuA (sqm) 4,342 Total BuA (sqm) 1,715 Footprint (m2) 3,073 Inventory value, USD 13,520,000 Inventory value, USD 4,400,000 Sales Plan 1 year Final Delivery September 2017

40 Egypt, El Gouna Sabina – Twin Villas Launched Project Description Inspired from Nubian like design with a new modern edge, using earth colors , designed to give residents the luxury of space and privacy of their own pools and gardens.

Key Facts Location El Gouna, Egypt Launch Date September 2015 Product Type Twin Villas Total Project Area (sqm) 33,454 Footprint (sqm) 2,715 Total BUA (sqm) 4,704 No of units 30 Inventory value, USD 12,600,000 Sales Plan 1 years Final Delivery September 2018

41 Egypt, El Gouna Water Side Condos Newly launched Project Description Apartment Blocks, targeting Egyptian young families, offering affordability , function-ability & exclusivity, overlooking a unique water feature.

Key Facts Location El Gouna, Egypt Launch Date December 2015 Product type Apartments Total Project Area (sqm) 45,643 Footprint (sqm) 5,897 Total BUA (sqm) 16,876 No of units 145 Inventory value, USD 32,698,083 Sales Plan 2 years Final Delivery December 2019

42 Egypt, El Gouna Fanadir Bay To be launched in 2Q16 Project Description Fanadir Bay brings intelligently designed waterfront units to one of its most exclusive neighborhoods yet with its vast spaces and unique architecture, nothing stands against its originality.

Key Facts Location El Gouna, Egypt Launch Date April 2016 Product Type Villas and Twin Houses Total Project Area (sqm) 224,300 Footprint (sqm) 8,728 Total BUA (sqm) 17,144 No of units 85 Inventory value, USD 50,000,000 Sales Plan 2 years Final Delivery 2020

43 Egypt, Fayoum Byoum - Fayoum To be launched in 1Q16 Project Description Directly overlooking the spiritual lake of Qarun, plans are set to develop two luxury residential communities and a hotel

Key Facts Location Fayoum, Egypt Launch Date Q1 2016 Total Project Area (m2) 3,935 m2 Footprint (m2) 1,910 m2 Sales Plan 1 year Final Delivery Q4 2025 Inventory Value, EGP 30,000,000 (USD 3,900,000)

44 Oman Salalah Beach

. Four Star Hotel, with 218 rooms & Suits . Designed by renowned Italian designer Sandro Serapioni, offers a unique blend of Al Fanar contemporary design and serene Arabian Hotel architecture. . Out of the 218 rooms, 78 are planned to be sold and leased back . To date, 53 out of those 78 rooms are sold with an average selling prices of USD 4,412 per m2

Ongoing RE Launched Projects

Type Al Fanar Apartments Type Salalah Villa Total BuA (sqm) 4,395 Total BuA (sqm) 18,087 No of units 78 No of units 54 Inventory value, OMR 2,784,563 (USD 7,232,624 ) Inventory value, OMR 10,928,000 (USD 28,384,387) Avg Price/m2 (OMR) 2,202 (USD 5,718) Avg Price/m2 (OMR) 1,051 (USD 2,730) Sold to date % 68% Sold to date% 43%

45 Oman Jebal Sifah

Key Facts Key Facts Type Villa Type Apartment Total BuA (sqm) 16,748 Total BuA (sqm) 26,438 No of units 51 No of units 148 Inventory value, OMR 5,185,000 (USD 13,467,519) Inventory value, OMR 4,112,952 (USD 10,682,981) Average Selling Price/m2 (OMR) 1,044 (USD 2,711) Average Selling Price/m2 (OMR) 1,278 (USD 3,319) Sold to date % 71% Sold to date % 87%

Finalizing the construction of the 9 holes for the Planned 18 hole PGA golf Course designed by Peter Harradine

46 Montenegro Lustica Bay Ongoing RE Launched Projects

Launch Date July 2013 Launch Date July 2013 Launch Date June 2014 Type Villa Type Apartment Type Apartment Project Area (sqm) 7,276 Project Area (sqm) 8,473 Project Area (sqm) 7,589 Total BuA (sqm) 2,840 Total BuA (sqm) 6,564 Total BuA (sqm) 7,609 No of units 4 No of units 44 No of units 44 9,200,000 15,952,415 16,919,297 Inventory value, EUR Inventory value, EUR Inventory value, USD (USD 10,120,000) (USD 17,547,656) (USD 18,611,226) Sold to date (%) 50% Sold to date (%) 82% Sold to date (%) 61% Sales Plan 2 Years Sales Plan 1 Year Sales Plan 1 Year Final Delivery Q4, 2018 Final Delivery Q1, 2017 Final Delivery Q2, 2017 Planned Hotel Investment Project Marina Hotel • Five Star hotel with a total capacity of 110 rooms • Out of the 110 rooms, 60 rooms will be offered for sale as condo apartments. • The 60 condo units will be part of the hotel rental pool (infinite period of time) against a revenue share of the rooms revenues.

47 Hotels Portfolio

48 El Gouna - Hotels Map

49 ***** ***** ***** 12 Rooms 420 Rooms 134 Rooms

A luxury guesthouse directly set on the An upscale beachfront resort offering northern shores of Mangroovy Beach A family-oriented hotel featuring a relaxing atmosphere combined with colorful hillside accommodations and its kitesurfing stations. A a lavish selection of on-ground brainchild of an antiques collector, the reminiscent of Tuscan homes, select facilities from diving to kitesurfing, villas spread around a swimming hotel offers seclusion making it an world renowned Angsana Spa outlet ideal hideaway for luxury seekers. lagoon, as well as deluxe seafront and a nearby professional 18-hole golf rooms benefiting from prime views course. over the hotel’s sheltered bay. Hotel guests have exclusive access to the private Bellevue Beach

***** **** ***** 268 Rooms 54 Rooms 339 Rooms

An award winning architectural mix of A stylish Nubian oasis exclusively Be it an absolute romantic holiday or a Arabian and Egyptian styles by the situated on El Gouna’s Championship blend of romance and action, this 4-star internationally renowned Michael 18-hole golf course. Complemented by hotel de charm is the spot. Boasting he Graves. The beachfront resort is built stunning architecture, breathtaking most relaxing views of the New Abu Tig on nine islands surrounded by gardens landscapes, sparkling lagoons, the hotel Marina coupled with some special treats offering mouthwatering cuisine, private is home to a spa and fitness center for for an unforgettable romantic holiday, beaches, outdoor heated pool, and ultimate serenity and rejuvenation. the Adults Only hotel is minutes away water sports. from El Gouna’s northern beaches.

50 **** **** **** 239 Rooms 234 Rooms 69 Rooms

A beachfront resort with an all The Three Corners Ocean View offers a inclusive program. The 4-star hotel is Overlooking the New Abu Tig Marina 4-star all inclusive experience in an built along a virgin beach expanse of with direct access to El Gouna’s northern Adults-Only environment. The hotel is a protected bay. Club-style animation beaches, Mosaique Hotel is ideal for sun home to two unique clusters, Le Soleil and a myriad of sports activities make and adventure seekers. The ultra four- and Du Port, each offering a unique it a perfect choice for active families.. star hotel boasts cool décor, modern atmosphere with one overlooking the flair and amenities tailored to the seafront and the other with fabulous convenience of its guests Marina views

**** **** 115 Rooms 66 Rooms **** 434 Rooms

The 4-star all inclusive resort managed Capturing the essence of Egypt with its A charming Adults Only authentic hotel by a family-owned Belgian hotel chain. winding alleys and stunning features, fashioned to reminiscent an Upper Offering unparalleled Red Sea holidays the hotel overlooks El Gouna’s lagoons Egypt’s Mayor’s mansion in its most for families with children, the resorts’ and offers a tropical garden setting in romantic setup. The hotel is unique architectural design is the heart of the town with easy access complemented by superb interior complemented by lush landscaped to the vibrant Tamr Henna Square. design, a private lagoon beach and is gardens adjacent to El Gouna’s lively Downtown area.

51 *** *** *** 50 Rooms 67 Rooms 28 Rooms

Directly overlooking the Abu Tig Marina In the heart of the Abu Tig Marina with With only 28 guestrooms in the promenade, minutes away from the the most luxurious views and the most beautiful Abu Tig Marina, Turtle’s beach, the 3-star Captain’s Inn is one of convenient accessibility! Famed for its Inn is one of El Gouna’s most El Gouna’s most sought after small terrace, Ali Pasha’s nightly beauty is sought-after addresses. This hotels welcoming divers, kite surfers, complemented by the delicacies served modern hotel offers tastefully and partygoers. at the town’s only Indian Restaurant, furnished rooms, refreshing style, Tandoor. and personalized service.

*** 177 Rooms

Arena Inn offers all the amenities and comforts of a holiday resort with a private swimming pool and beautifully designed waterfront restaurant. Hotel guests enjoy access to a full-service beach.

52 Taba Heights- Hotels Map

53 ***** ***** 503 Rooms **** 426 Rooms 394 Rooms

Beautifully framed by the pristine Consisting of three separate structures The beachfront resort is situated on natural environment, award winning linked by tropical garden pathways and over 44 acres of lush gardens, 2800 architect Michael Graves created the resting on a prime waterfront location, sqm of pools and waterfalls with over beachfront resort as a paint box of the resort offers breathtaking views of 500sqm of pristine private beach and colors and quirky shapes of Egyptian the sea, pool and desert mountains. The houses seven exclusive dining outlets, vaults and dome village styled hotel offers 10 restaurants and bars, a private Spa, a Steam Room, Swedish architecture. Home to 3 swimming exclusive entertainment and with its Sauna treatments and Jacuzzi. pools and a saltwater lagoon with its state-of-the-art conference facilities, the own beach, eight restaurants, a wide hotel is the perfect business retreat. array of leisure facilities, the town’s Swimming pools and a fully equipped only Casino health club.

***** ***** **** 385 Rooms 442 Rooms 215 Rooms

Capturing the essence of Egypt with The 4-star all inclusive resort A signature Club Med Resort in the heart its winding alleys and stunning managed by a family-owned Belgian of Sinai. Providing exceptional features, the hotel overlooks El hotel chain. Offering unparalleled opportunities to discover the region’s Gouna’s lagoons and offers a tropical Red Sea holidays for families with famous attractions, the unique Resort is garden setting in the heart of the children, the resorts’ unique set on a beautifully preserved bay town with easy access to the vibrant architectural design is complemented covering 27 hectares, flanked by a 600 Tamr Henna Square. by lush landscaped gardens yard stretch of private beach offering an ideal site for exploring the fabulous underwater life of the Red Sea 54 Located at Makadi bay, one of Hurghada’s fascinating shores, 25km away from Hurghada International airport, the All Inclusive beachfront resort ***** overlooks its own spacious 491 Rooms private sandy beach, offering seven restaurants & bars, a fully equipped watersports center, two tennis courts, a squash court, billiards, a fully equipped fitness room and 2 swimming pools.

Only 25km away from Hurghada International airport, the beachfront resort is easily accessible offering seven restaurants & bars, a fully **** equipped watersports center, two 339 Rooms tennis courts, a squash court, billiards, a fully equipped fitness room and 2 swimming pools

Ideally located only a few kilometers away from Hurghada, and ; the Adults Only Azur Makadi Gardens Hotel provides easy access to Makadi is settled in the heart of the Red Sea tourism hub located only 25 **** most of the Red Sea’s world-class kilometers away from Hurghada International Airport and just a short drive 287 Rooms waterfront destinations with from the bustling shopping and dining venues of Hurghada and Sahl clustered facilities with its sister Hasheesh. Featuring a variety of residential units, hotels, commercial and hotels Royal Azur and Club Azur. entertainment areas, as well as all the supporting infrastructure and services, Makadi allows individuals and families to benefit from a more active lifestyle.

55 ***** 346 Rooms

Located on an idyllic water inlet on the Ras Al Khaimah beachfront overlooking the Arabian Gulf with 600 m of pristine beach, the Cove Rotana encompasses a number of Villas that are ideally designed to accommodate families of a group of friends. With a Nubian touch in their design, the Villas are well-crafted and aesthetically designed to offer comforts that you would expect of a 5-star resort and much more. From spacious Living rooms, private terraces, spectacular views of the Arabian Gulf to the lagoon or lush green hills, each of the Villas are designed to anticipate and cater to your every need

Its ideal location at the entrance of the emirate made the development a regional investment and leisure attraction. Extending over about 300,000 sqm, The Cove overlooks 600m of private beach and comprises an internationally renowned 5-star hotel operated by Rotana, exclusive real estate, and a range of upscale services and amenities. State-of- the-art leisure and urban facilities are within easy reach as the development is in close proximity to two golf courses, several shopping malls and supermarkets, international schools and hospitals of international standard. www.thecove-uae.com 56 **** 67 Rooms

Designed by renowned Italian designer Alfredo Freda, the Sifawy Boutique Hotel is ideally located only 45 minutes away from the capital city of Muscat in the heart of the picturesque marina town.

Jebel Sifah, Orascom Development’s third biggest town, is only an hour away from the Muscat city center stretching across 5 km of beachfront. Jebel Sifah boasts a planned 950 residential units, an18-hole PGA golf course, and an 84-berth inland marina surrounded by a picturesque marina town. Orascom Hotel Management currently operates the Sifawy Boutique Hotel, and further plans to develop five 5-star hotels including some of the world’s most prestigious brands, among them the Four Seasons. Restaurants, cafés, luxuriously-appointed spas, and boutiques featuring the latest fashion complete the town’s offerings. www.jebelsifah.com

57 A newly opened hotel offering a unique holiday experience capitalizing on the Rotana’s understanding and hospitality expertise, the upscale hotel’s ***** Omani-inspired architecture 400 Rooms features a series of clusters surrounding the main building, housing major public facilities and amenities.

Nestled on the picturesque marina promenade of Salalah Beach and facing the Indian Ocean, the hotel offers traditional lifestyle and values expressed in the glowing architecture and aromatic food ***** along with the scents of 82 Rooms frankincense and sandalwood. Among the recreational facilities are 2 large swimming pools, a state-of- the-art wellness center and intimate guestrooms.

Designed by renowned Italian designer Sandro Serapioni, this distinctive property offers a unique blend of contemporary design and Offering a spectacular landscape of fertile plains, fresh water springs, and serene Arabian architecture. This 4 lush coconut trees enhanced by the monsoon during the summer, Salalah star deluxe Hotel boasts 218 Beach is the Group’s first and the region’s only tropical destination. Located guestrooms and suites, a variety of on the southern part of Oman, Salalah Beach is a large family-oriented **** restaurants and bars, stylish meeting complex boasting over 8 km of beachfront on the Arabian Sea as well as a 218 Rooms rooms, a distinct spa, and an 800- man-made lagoon system extending the sea inland. Once fully developed, square meter infinity pool it comprises high-end luxury apartments and villas, restaurants and cafés, overlooking the only tropical stretch shopping and retail outlets, hotels - ranging from boutique to five-star of beach in the region. beach resorts, a 200-berth inland marina, as well as two 18-hole PGA golf courses.

58 Income Statement

All figures are in CHF mn, unless otherwise 2010 2011 2012 2013 2014 9M 2015 noted Egypt 383 208 211 161 179 179 Oman 84 6 18 15 30 28 UAE 29 27 30 29 27 19 Others 20 15 14 17 14 20 Total Revenues 516 256 272 221 251 246 Cost of sales (310) (208) (219) (187) (188) (155) Depreciation Expense (30) (28) (30) (28) (25) (19) Gross Profit 175 20 23 6 37 72 % Margin 34% 8% 9% 3% 15% 29% Administrative expenses (58) (81) (66) (71) (45) (28) Investment income 12 12 6 5 4 7 Other gains and losses 19 (13) (33) (39) 93 (3) Finance costs (7) (8) (9) (31) (33) (26) Share of profit of associates (2) (5) (1) (10) (9) (13) Profit / (Loss) before tax 141 (76) (79) (140) 47 9 % Margin 27% (30)% (29)% (63)% 19% 4% Income tax expense (19) (0) (11) (21) (11) (5) Profit / (Loss) from continuing operations 122 (76) (90) (160) 36 4 % Margin 24% -30% -33% -72% 14% 2% Profit / (Loss) from discontinuing operations - - (11) (7) - - Total income statement 122 (76) (101) (167) 36 4 Non-controlling interests 27 (7) (4) (10) (6) - Owners of the Parent Company 95 (70) (97) (158) 42 4

Total income statement 122 (76) (101) (167) 36 4 Finance costs 7 8 9 31 33 26 Income tax expense 19 0 11 21 11 5 EBIT 148 (68) (82) (116) 80 35 % Margin 29% -27% -30% -52% 32% 14% Depreciation Expense 30 28 30 28 25 19 EBITDA 178 (40) (52) (88) 106 54 % Margin 35% -16% -19% -40% 42% 22%

59 Balance Sheet

All figures are in CHF mn 2010 2011 2012 2013 2014 9M 2015 Cash & Bank Balances 276 79 102 73 101 126 Net Receivables 159 137 95 52 96 75 Due from Related Parties 24 45 18 17 37 47 Inventories 260 478 499 357 306 195 Other Current Assets 130 88 82 62 114 109 Total Current Assets 849 828 795 562 654 552 Property, Plant and Equipment 926 969 1,003 767 887 916 Investment Property 78 76 79 10 12 11 Goodwill 8 8 7 7 7 6 Investment in Associates 35 29 19 104 112 96 Long-Term Receivables2 108 102 94 33 84 119 Other Non-Current Assets 88 70 85 42 25 54 Assets Held for Sale2 - - - 150 - - Total Assets 2,093 2,083 2,083 1,673 1,781 1,202

Trade and Other Payables 57 58 50 30 37 27 Borrowings2 241 282 324 198 274 267 Due to Related Parties 3 6 17 16 3 2 Current Tax Liabilities 16 6 5 3 6 5 Provisions 57 90 79 96 83 83 Shareholders’ Loan 28 23 9 39 69 96 Other Current Liabilities 138 181 251 157 158 135 Total Current Liabilities 540 645 735 550 631 615 Land Liabilities 36 32 32 26 23 19 Borrowings2 271 254 279 211 258 232 Other Non-Current Liabilities 54 58 60 46 48 44 Liabilities Held for Sale2 - - - 79 - - Total Liabilities 900 990 1,106 911 960 910 Minority Interest 198 241 236 219 200 229 Shareholders' Equity 996 853 740 543 621 615 Total Liabilities & Equity 2,093 2,083 2,083 1,673 1,781 1,754

1 The drop was due to the deconsolidation of OHC 2 The fluctuations in those accounts from 2012 – FY 2014, are due to the reclassification of CMAR and Tamweel as “Assets Held for Sale” in 2013, before reversing the reclassification of Tamweel and retaining it in 9M 2014 60 Executive Management Team

Mr. Bichara currently holds the position of Chief Executive Officer of Orascom Development Holding. He is also a Co-Founder of Accelero Capital. He previously served as Group President and Chief Operating Officer of VimpelCom Ltd (“VimpelCom”). He was also Chief Executive Officer of Orascom Telecom Holding S.A.E. (“OTH”) as well as Chief Operating Officer of Wind Telecomunicazioni S.p.A. (“Wind Italy”). He played a pivotal role in the merger of VimpelCom with Wind Telecom S.p.A, (“Wind Telecom”) for a total consideration of USD 25.7Bn to create the world’s sixth largest telecommunications carrier. Mr. Bichara managed ten operations across the globe through OTH and Wind Italy and 22 operations across the globe Khaled Bichara through VimpelCom. He was the Co-founder, Chairman and CEO of “LINKdotNET”. In 2011, Mr. Bichara also served as Group Executive Chairman of OTH CEO of ODH as well as Chairman of Wind Italy. Mr. Bichara currently serves as a board member of various telecom and IT companies, including Orascom Telecom Media and Technology Holding S.A.E.; SUPERNAP International S.A., the developer of the world-renowned SUPERNAP data centers; and Joyent Inc., a global provider of cloud computing software and services. He is the chairman of the board of Italiaonline S.p.A., the leading Italian Internet Platform and the #1 email service in Italy; as well as the chairman of the board of SEAT Pagine Gialle S.p.A., the Italian leader in internet services for SMEs (website, directories, local adv). He is also a board member of Orascom Construction Limited, a company dually listed on NASDAQ Dubai and the Egyptian Stock Exchange. Mr. Bichara is also a member of the Advisory Board for the Computer Science and Engineering Department of the American University in Cairo. He was previously a member of the GSMA board. Mr. Bichara holds a Bachelor of Science degree from the American University in Cairo.

Mr. Tooma is a tenured professor of finance at the School of Business, the American University in Cairo. He has also held a visiting associate professor (reader) position with Imperial College’s Business School in London, England. He is a member of the American Economic Association (AEA), the American Finance Association (AFA) and also the secretary general of the African Finance Association. Mr. Tooma has always combined academic experience with practical exposure through assuming a variety of public and private professional posts. From 2005 to 2008, he was senior advisor to the Egyptian Capital Market Authority, as well as a member of a variety of committees including the EGX30 Index Committee, Market Advancement Committee at the Eskandar Tooma Egyptian Stock Exchange, an advisor and member of the Derivatives and Commodities Exchange Committee with the Ministry of Investments and an CFO of ODH advisor to the Ministry of International Cooperation on Egypt’s Debt Swap Experience. Privately, he has advised leading financial institutions including Citadel Capital Private Equity, Beltone Financial Holding and the Arab African International Bank. Tooma has sat on the board of EGX listed and actively traded companies including Telecom Egypt (TE), Egyptian Resorts Company (ERC), Madinet Nasr for Housing and Development (MNHD) and Orascom Hotels and Development (OHD). In 2015, he joined the oversight board of the HSBC money market fund. Mr. Tooma obtained his BA in business from The American University in Cairo and Adelphi University. He holds two M.S. degrees, the first in finance and the second in international economics from Adelphi and Brandeis Universities respectively. Finally, he holds a PhD in finance from Brandeis University.

Eng. Abouyoussef started his career in design and installation of hotel electro-mechanical systems in 1998.He soon moved to project management in Abdelhamid hotel construction, in addition to being the owner’s representative at Amphoras Holiday Inn, Sharm El Sheikh. He now has his own company, Shores Abouyoussef Hotels currently managing 1,600 rooms across Egypt. He also founded a travel agency that handles over 100,000 tourists per year. Eng. Abouyoussef ODH Chief Hotel helped develop Orascom Hotels Management, a JV between ODH and Shores, to manage OHD’s entire hotels portfolio, and other hotels on the ODH Officer level. Eng. Abouyoussef received his B.S. in Mechanical Engineering from the American University in Cairo and a Masters of Science degree from the University of California at Berkeley

61 Board Of Directors

After receiving his Diploma in economic engineering from the Technical University of Berlin in 1980, Mr. Sawiris founded his first company, National Samih Sawiris Marine Boat Factory. In 1996 he established Orascom Projects for Touristic Development and in 1997 Orascom Hotel Holdings, the two companies that Chairman later merged to form Orascom Hotels & Development S.A.E. Further-more, Mr. Sawiris established El Gouna Beverages Co. in 1997, which he sold in Non-Executive 2001 when it was the largest beverage company in Egypt. As of April 1, 2014, Mr. Sawiris took over the position of the CEO on ad-interim basis of Member Orascom Development and serves as Chairman of the Board of Directors.

Mr. Tooma is a tenured professor of finance at the School of Business, the American University in Cairo. He has also held a visiting associate professor (reader) position with Imperial College’s Business School in London, England. He is a member of the American Economic Association (AEA), the American Finance Association (AFA) and also the secretary general of the African Finance Association. Mr. Tooma has always combined academic experience with practical exposure through assuming a variety of public and private professional posts. From 2005 to 2008, he was senior advisor to the Egyptian Capital Market Authority, as well as a member of a variety of committees including the EGX30 Index Committee, Market Advancement Eskandar Tooma Committee at the Egyptian Stock Exchange, an advisor and member of the Derivatives and Commodities Exchange Committee with the Ministry of CFO of ODH Investments and an advisor to the Ministry of International Cooperation on Egypt’s Debt Swap Experience. Privately, he has advised leading financial institutions including Citadel Capital Private Equity, Beltone Financial Holding and the Arab African International Bank. Tooma has sat on the board of EGX listed and actively traded companies including Telecom Egypt (TE), Egyptian Resorts Company (ERC), Madinat Nasr for Housing and Development (MNHD) and Orascom Hotels and Development (OHD). In 2015, he joined the oversight board of the HSBC money market fund. Mr. Tooma obtained his BA in business from The American University in Cairo and Adelphi University. He holds two M.S. degrees, the first in finance and the second in international economics from Adelphi and Brandeis Universities respectively. Finally, he holds a PhD in finance from Brandeis University.

Mr. Douiri is the founding shareholder and CEO of Mutandis, a Moroccan consumer goods company established in 2008. Mr. Douiri served in His Adil Douiri Majesty King Mohamed VI’s Government as Minister of Tourism (2002-2007) and later as Minister for Tourism, Crafts & Social Economy (2004-2007). In Non-Executive 1992 Mr. Douiri founded Casablanca Finance Group (later renamed CFG Bank), the country’s first investment bank. Until 2002 he acted as chairman of Member its supervisory board and is still a board member. He is also a board member of MFEx, a Stockholm based Technology Company serving the financial industry, and Holcim Maroc, a publicly listed company at the Casablanca stock exchange, subsidiary of Holcim group (now Lafarge Holcim). Mr. Douiri graduated as an engineer from the Ecole Nationale des Ponts & Chaussées (ENPC) in Paris.

Mr. Egle’s background is in strategy development, corporate communications, media and PR. After holding senior positions in the private sector he was Franz Egle in charge of communications at the Swiss Federal Department of Foreign Affairs and advisor to the Minister of Foreign Affairs (1993-1998). Before co- Non-Executive founding Dynamics Group, a Swiss company providing strategic consulting, communication management and research analysis, Mr. Egle was a partner Member of Hirzel. Schmid.Nef Konsulenten, a communication and financial consultancy firm (1999- 2006). Mr. Egle holds a Doctor’s degree in sociology from the University of Zurich. Dynamics Group, where Mr. Egle is a Senior Partner, has been retained by the Group to provide services in the field of communications

62 Board Of Directors

Carolina Müller- Ms. Müller-Möhl holds a M.A. in Political Science. Since 2000, she has managed and presided over the Müller-Möhl Group. She has served as a Board Möhl Member of Nestlé S.A. (2004-2012) and currently sits on the Boards of Neue Zürcher Zeitung and Fielmann AG. Further she sits on more than a dozen Non Executive foundation and advisory boards, including the Department of Economics at the University of Zurich and the renowned Think Tank Avenir Suisse. She is Member also a member of the Board of Trustees of the Bertelsmann-Foundation in Germany.

Mr. Jürgen Fischer is founder of "The Pearl Management Consultants" in Dubai, United Arab Emirates. Fischer is Non-Executive Chairman of Mövenpick Hotels & Resorts after having served as Non-Executive Board member since 2008. He was CEO of Dubai Properties LLC, a major real estate developer in the UAE. Besides looking after 20,000 residential leasing units, 50,000 m2 of retail space, thousands of "Built to Sell" apartments and villas and several mas-ter developments in Dubai, he was as well involved in international developments of Sama Dubai Group in, among others, Morocco and Oman. During his time with Dubai Properties a fully owned subsidiary of Dubai Holding and the sister company Tatweer he oversaw several theme park and Jürgen Fischer tourist projects. Between 1995 and 2008, Jürgen Fischer held several senior positions with Hilton International, such as President Commercial Non Executive Operations and President for Continental Europe, Middle East and Africa, as well as President of Scandic Hotels AB. Prior to joining Hilton, he worked for Member the Walt Disney Company in different roles in Florida and Paris including Vice President Sales & Marketing for Disneyland Paris, Director of Resort Development at Disneyland Paris and General Manager of the Grand Floridian Beach Resort & Spa at Walt Disney World, Florida. Fischer held several hotel management positions in Europe and Middle East after starting his professional life as a chef in 1970. He later graduated from the Ecole Hôtelière Lausanne, Switzerland and obtained an MBA with Honors from IMEDE/IMD, Lausanne in 1988. Since several years Fischer serves on the International Advisory Commit-tee of Ecole Hôtelière Lausanne.

Mr. Sieber, born in Lucerne, Switzerland, studied economics at the Business School in Lausanne. After graduating with a business degree in 1989 he took Marco Sieber over the family owned company SIGA Ltd. Together with his brother, Mr. Sieber managed to transform SIGA Ltd. into a company which operates Non Executive internationally and which has over 400 employees. SIGA Ltd. develops and produces products for the construction sector, namely in the field of energy- Member saving sealings. In 2012, Mr. Sieber also became majority shareholder in Baertschi Agrartecnic Ltd.

Mr. Weber holds an MBA and a Major in Finance and Strategic Planning from the Wharton School, University of Pennsylvania. Mr. Weber previously studied Civil Engineering at the School of Engineering in Switzerland and Microeconomics and English at the University of California, Santa Barbara. Mr. Weber is currently member of the Board of Directors from “AVIVA Sigorta A.S.”, which is domiciled in Istanbul, Turkey, and of “BENSYS HOLDING”, Jürg Weber which is domiciled in Amsterdam, Holland. He also is founder and owner of "GOLDEN HORN MANAGEMENT LTD". Since September 1, 2015, Mr. Weber Non Executive holds the position of Division CEO of SIX Payments Services and is therefore also a member of the SIX Group Executive Board. Previously Mr. Weber was Member CEO of "BOYNER HOLDING", Turkey, a Partner of "McKINSEY & COMPANY, INC.", Turkey, a Consultant for "McKINSEY & COM-PANY, INC.", Switzerland, an assistant to the Vice Chairman in "UBS PHILIPS & DREW", UK and a project manager and assistant to CEO with "UBS, BANK OF SWITZERLAND", New York.

63 IR dashboard

Investor Relations Contact:

Sara El Gawahergy Head of Investor Relations Tel Dir +20 (0)22 461 89 61 Mobile EGY: +20 100 2185651 Mobile CH: +41 41 874 1711 sara.elgawahergy@orascomdhcom [email protected] www.orascomdh.com/en/investor-relations

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