EFG Hermes Holding

Investor Presentation

August 2014 I. EFG Hermes Overview EFG Hermes Overview A Regional Champion

EFG Hermes Overview Current Simplified Group Structure

≡ EFG Hermes Holding S.A.E. (“EFG Hermes”) is the region’s premier investment banking firm with on the ground presence in 8 regional markets, and operations focusing on investment banking, securities brokerage, research, asset management, private equity, and commercial banking through its majority ownership in the Lebanese , Crédit Libanais Investment Securities Asset Commercial Research Private Equity ≡ The firm’s workforce exceeds 800 employees (excluding the commercial bank) Banking Brokerage Management Bank The firm currently has its two largest operations in and the UAE, employing 574 and 104 ≡ Egypt Office UAE Office KSA Office Office employees respectively Established 1994 Established 2002 Established 2006 Acquisition 2008 ≡ The firm has a capital base of USD1.3 bn and is listed on the EGX and the LSE with a market Securities Brokerage Securities Brokerage capitalization of c.USD1.4 billion Services Services Securities Brokerage Services Services Securities Brokerage Investment Banking Investment Banking Investment Banking EFG Hermes has a well diversified shareholder base encompassing several large institutions and Asset Management Asset Management Asset Management ≡ Private Equity Research regional HNWI as well as SWFs, namely DFG Private Equity The Bank of New York Research Research (GDRs) 13.5% Others 28.1% Crédit Libanais Office Office Office Financial Group 11.0% Acquired 2010 Established 2007 Acquisition 2010 Acquisition 2008 Well Diversified Commercial Banking Securities Brokerage Shareholder Base Services Services Asset Management Services Securities Brokerage Services Research Abdel Moneim Al

Institutional and Rashed 7.7% Regional HNWI (20 investors) 33.1% EFG Hermes (Treasury Shares) 6.4% Strong Platform Capabilities Selected Awards From Key Institutions Investment Banking Brokerage #1 Investment Banking platform in ≡ ≡ Leading brokerage platform in the the MENA region region

Best Brokerage House in Best Asset Manager in Egypt = USD15.0 billion in equity ≡ Top ranking in Egypt & Kuwait, and Best Broker in Egypt 2013 Egypt, KSA, and Oman 2013 2013 raised; leading positions in other regional emeaFinance African Banking Global Investor/isf emeaFinance African Banking markets Awards = USD52.9 billion of M&A; Awards Awards ≡ Solid market share across markets = USD4.3 billion of debt where EFG Hermes has presence transactions ≡ Extensive and diversified client base, served by a strong sales and trading team specialized in the region Best Investment Bank in Egypt 2013 African Investment Bank of Best Research Provider Research Private Equity Asset Management Euromoney Awards for the Year 2011 Overall 2013 Excellence African Banker Awards Euromoney Annual Middle East ≡ Ranked # 1 in the Euromoney ≡ One of the region’s leading PE houses ≡ Largest asset manager in the region Equity Research Poll MENA Research Polls in six out of with USD0.7 billion in private equity with USD 3.1 billion of AUM the seven past years funds dedicated to the MENA region

≡ Widest coverage of MENA equities ≡ Investments in 36 MENA companies with ≡ In the past couple of years, the

and economies with a diversified 26 exits to date division managed some of the best Best Brokerage House in Best MENA Asset Manager Best Brokerage House in the product range ≡ Completed a USD150 mn exit from performing funds in Egypt, Saudi Egypt 2012 of the Year 2012 Middle East 2010 ≡ 129 companies covered across the Damas generating a cash multiple of Arabia and the region Global Banking & Finance Zawya MENA Funds Ranking Banker Middle East Awards MENA region 1.8x and a 38% IRR in less than 2 years Review Awards ≡ Covers around 60% of the region’s ≡ InfraMed: Largest investment vehicle market capitalization dedicated to infrastructure in the Mediterranean region 3

EFG Hermes Overview Organizational Structure and Board Composition

The Organization Structure

Y. El-Mallawany K. Awad Group Co-CEO Group Co-CEO

K. Ellaicy I. El Sherbini Head of Non-Market Group CFO Operations

S. Yassa/K. Moussa A. El Guindy A. Seif M. Wakeel M. Ebeid/ A. Waly W. Ziada Co-Heads of Private Head of Investment Head of Asset Head of Market Co-Heads of Brokerage Head of Research Equity Banking Management Operations

Board of Directors

Non Executive Chairperson

Mona Zulficar

Executive Director Executive Director Non Executive Director Non Executive Director Non Executive Director Yasser El-Mallawany Karim Awad Takis Arapoglou Robert Eichfeld Thomas S. Volpe Group Co-CEO Group Co-CEO Ex-CEO of NBG Ex-CEO of Samba Managing Partner Volpe

Non Executive Director Non Executive Director Non Executive Director Non Executive Director Marwan Elaraby Joseph Iskander Ahmed Al Qassim Charles Mcveigh III Partner, Shearman & Sterling Director, Dubai Group CEO, Dubai Group Chairman, Citi Corporate and IB, Private Banking Partnership 4 EFG Hermes Overview Current Model and Focus

Phase I: Restructuring (May 2013 to March 2014)

≡ Starting May 2013, EFG Hermes Cost Optimization management ≡ Management successfully cut the expense base through a proceeded with program that included: (1) the restructuring of the contracts an aggressive of all senior management; (2) layoff of expensive and restructuring plan unproductive staff members; (3) combination and that aimed at elimination of certain functions, and (4) the systematic increasing the targeting of all non-employee expenses including rentals, financial strength telephones, data and others of the company and enhancing the sustainability of its profits in a highly volatile Return of Cash to Shareholders market place Sale of Non-Core Assets ≡ As communicated in May 2013, management followed through with ≡ Marked by the successful implementation of: (1) the sale of the its plan to return some of the cash from the initiatives mentioned in ≡ With a number of company’s old HQ in Dokki; (2) swapping one of the floors this strategy by executing the first phase of a buyback program and targets set, owned in Index Towers in Dubai into a more liquid instrument, returning EGP425 million to shareholders. Management opted to retain almost all phases and (3) the sale of the majority of the company’s stake in SODIC these shares and transferred it to one of its subsidiaries as an of this plan have ≡ Management is also keen to turn all unutilized and unsold investment decision signaling its confidence in the company’s share been achieved assets on the balance sheet into yielding instruments. As was and the potential it encompasses the case with the company’s office space in Nile City Towers in ≡ Management is currently studying reallocating its capital base from which was rented on a 15 year to the European traditional businesses to new lines in an effort to enhance returns and Union supplement revenues from our current business lines

Full Balance Sheet Clean-up ≡ Management proceeded to do a full balance sheet clean-up in 2013 with emphasis on impairing all investments that have deteriorated in value whether in Syria, Oman or Kuwait; thereby turning the company’s balance sheet and book value into a true and fair representation starting January 1st, 2014 5 EFG Hermes Overview Current Model and Focus

Phase II: Growth Strategy (January 2014 – Ongoing)

≡ The second phase of the management’s Maintain Leadership Position in Egypt strategy aims at ≡ EFG Hermes continues to maintain its number one position growing the between brokers; is still the biggest equity asset manager in business and Egypt with excellent performance for the past three years; creating value for executed a number of IBD transactions including most our shareholders recently the IPO of ACC, the first Egypt has seen in four in the coming years years

≡ As a result of Phase I and II of the strategy, EFG Diversify Product Range Hermes stock Increase Operations in GCC price is up over ≡ Negotiations are currently ongoing with one of the leading consumer 100% since June ≡ EFG Hermes’ brokerage business is number one in Kuwait and finance companies regarding a potential strategic alliance that could 2013 among the top 10 in the UAE, Jordan and Oman see EFG Hermes become a lender of consumers and corporates in ≡ Asset Management operation manages over USD1.2 billion of Egypt during the coming period regional equity funds and portfolios; while the Private Equity ≡ This is a business that entails potential synergies with EFG Hermes’ business manages almost USD0.7 billion and is growing current business model and is a market that is slated to see a lot of ≡ IBD operations have grown extensively in the GCC with: (1) the growth during the coming years sale of Dubai First last year to FGB; (2) a placement for Exceed; (3) the IPO of Emirates REIT, and (4) the advisory to Al-Futtaim Group on the acquisition of CMC in

Expand Operations in Sub-Sahara ≡ The Sub-Sahara African market remains one of the least tapped markets globally with a lot of value in expanding EFG Hermes business there during the coming 12-18 months. The establishment of a hub in that can serve a number of the growing economies of the region is being considered. The choice of partner there will be key 6 EFG Hermes Overview EFG Hermes End of 2015

Where We Want to Go?

Larger Geographic Footprint Expanded Product Offering

Key: ≡ The short term expansion Core Markets plan hinges on two main Expansion Markets pillars:

≡ Expand our geographic The Investment Bank Retail Banking Activities footprint in Africa, and accordingly capitalize on capital flows Brokerage Car Financing between our core markets and the East African Markets, with White Goods Financing the hub being Kenya, Research through green-field JVs with prominent local Kenya Consumer Payment Processing (The hub for Expansion in partners; and East Africa)

≡ Expand the reach of Asset Management Consumer Mortgages the core business and our service offerings in Larger public AuMs our core markets, and Brokering tap new retail driven Investment Banking banking products / activities, without the Leasing ability to take deposits

Private Equity Working Capital Financing

New PE Initiative Factoring

7 EFG Hermes Overview Investment Banking | Unparalleled Execution Track Record in the Arab World and Beyond

Equity & Debt Raising Capabilities Notable Advisory Assignments

In USD billion Egypt Deal Count

Paradise Capital Total 72.2 189 Arabian Cement Advisory on Palm Hills Japan Tobacco Int’l Wadi Degla Al Mokhtabar Labs Egyptian Refining Co Orascom Telecom Advisory on Juhayna Holding Advisory on Advisory on Advisory on Advisory on Advisory on Advisory on Advisory on Advisory on Placement of Advisory on IPO Acquisition of Merger with Sale of 52% Stake Secondary Stake Rights Issue Private Placement De-merger of in Olympic Group IPO IPO Private Placement followed by Capital to (US$ 109,233,590) Increase (US$ 176,000,000) (US$ 992,000,000) Debt 4.3 (US$ 70,000,000) (US$ 86,000,000) (US$ 41,200,000) Al Borg Group (US$ 510,000,000) OTMT S.A.E 19 Joint Global Coordinator Al Nakhla Tobacco Sole and Book-runner Placement (Not Disclosed) (Not Disclosed) (US$ 2,592,397,686) (US$ 452,000,000) Lead Arranger Global Coordinator Manager Financial Advisor Financial Advisor Financial Advisor Placement Manager Financial Advisor Financial Advisor & Bookrunner Joint Bookrunner May 2014 December 2013 April 2014 March 2013 February 2013 August 2012 June 2012 January 2012 September 2011 June 2010 November 2007

Equity 15.0 87 UAE Kuwait KSA

A Consortium of EFG-Hermes Investors Capital Partners M & A 52.9 Advisory on Management Advisory on Advisory on Advisory on Advisory on Advisory on Advisory on 83 Advisory on Emirates REIT Sale of 100% Advisory on Acquisition of 78.3% Advisory on Technical Listing Sale of 45%Stake to Stake of Acquisition of 3rd Acquisition of Sale of 2nd GSM Sale of 15% stake in Advisory on stake in on IPO on Sale of 19% Stake in IPO Egyptian a majority and Data License Stake in an GSM License (US$ 660,490,000) Undisclosed (c. US$ 500,000,000) (US$ 164,000,000) (US$ 862,000,000) Sole Global Incomplete Saudi Bank (US$ 3,457,000,000) M &A Track Record (US$ 41,000,000) (US$ 28,500,000) (US$ 201,000,000) (US$ 151,000,000) Sole Financial Sole Sell Side Coordinator & Incomplete Sole Financial Corporate Broker & Joint Financial Co-Lead Manager Advisor Advisor Bookrunner Buy Side Advisor Advisor Sell Side Advisor Sell Side Advisor Listing Manager Buy Side Advisor Advisor April 2014 Total 52.9 June 2014 March 2014 March 2014 October 2013 June 2013 September 2007 March 2006 July 2006 December 2006 December 2004 Others 2.0

Consumer Durables 1.1 Tunisia Qatar Sudan Palestine Bahrain Oman Morocco Food and Beverage 1.4 Industrials 2.4 Advisory on Advisory on Advisory on Advisory on Building Materials 3.8 Advisory on 100% Share Swap Advisory on Advisory on Advisory on Advisory on Sale of OT’s 50% Acquisition of Acquisition of a 100% Stake in in Acquisition of a Acquisition of 100% Sale of 35% stake Shareholding in nd Acquisition of 2nd Stake in Acquisition of 2 Stake in Stake in to Financial Inst. Group 5.5 Tunisiana to Qatari License Bahraini GSM Haggar Cigarette& License Tobacco Factory TMT 36.7 Incomplete (US$ 171,000,000) N.A. (US$ 132,000,000) Incomplete (US$ 1,200,000,000) Incomplete (US$ 450,000,000) Incomplete Sole Financial Financial Advisor Financial Advisor Financial Advisor Buy Side Advisor Financial Advisor Financial Advisor Sell Side Advisor Buy Side Advisor Equity Track Record Advisor January 2011 June 2007 October 2011 May 2009 October 2008 November 2007 April 2003 May 2009 April 2009

Total 15.0 Algeria Libya Italy Slovenia Kenya Jordan Iran

Others 1.0

Advisory on Consumer Durables 0.5 WIND TELECOM Ownership Jordan Cement restructuring & Advisory on Factories Advisory on Advisory on Re-capitalization Advisory on Advisory on Advisory on Advisory on Advisory on Financial Inst. Group 1.2 Advisory on Sale of 100% Acquisition of a Acquisition of Acquisition of 92% Merger with Acquisition of 35% Acquisition of 98% Sale of 33% Stake Acquisition of 3rd Stake to Stake in 100% Stake in Stake in Stake in stake in to Iranian GSM Oil & Gas 1.2 license (US$ 68,000,000) (East Africa) (US$25,700,000,000) (US$ 56,000,000) (US$ 423,900,000) (US100,531,225) Incomplete Building Materials 2.8 Incomplete Incomplete (US$ 34,000,000) (US$ 88,000,000) Sell Side Advisor Financial Advisor Financial Advisor Financial Advisor Buy Side Advisor Buy Side Advisor Buy Side Advisor Financial Advisor Sell Side Advisor Financial Advisor Real Estate 3.3 May 2010 November 2008 July 2014 April 2011 May 2009 November 2007 April 2014 December 2002 December 1998 January 2009 TMT 5.0 8 EFG Hermes Overview Securities Brokerage | The Leading Brokerage Platform Across the Region Regional Presence, Market Share and Ranking Widest Distribution Network

Europe USA Oman Egypt Dubai Abu Dhabi Kuwait Oman KSA* 40 Clients 173 Clients 4,675 Clients Ranking 1 7 4 1 5 5 UK Kuwait

(1) 105 Clients 21,727 Clients Market 28.0% 10.9% 15.8% 26.7% 17.3% 0.8% Share UAE Our footprint and client base exceeds 101,500 investors (Retail and VIP), 320 HNWI and family office spread 19,689 Clients across MENA as well as 350 foreign institutions and 190 Jordan Qatar Bahrain Morocco Iraq GCC institutions Qatar Ranking 4 N/A N/A N/A N/A N/A 10 Clients

(1) Asia (Ex. Gulf) Jordan Market Share 9.0% 8.9% 11.9% 5.9% 3.6% Swaps 5 Clients 5,877 Clients (Launched 2012) South Africa Egypt KSA (1) Market shares for 1H2014 (*) over brokers only – excluding trading 25 Client 49, 257 Clients 330 Clients

Average Daily Commissions Fees Contribution by Country Dominant Brokerage Platform

In USD thousand Extensive Presence & Leadership Strong Sales Force Retail Service channels Egypt UAE Kuwait Others Others ≡ 120 sales and traders ≡ EFG Hermes offers its 282 285 Qatar 3% ≡ EFG Hermes is the Arab world’s premier equities dedicated to MENA retail and VIP clients a 7% and GCC equities ADX house, with strong complete trading 44 58 specialized by client platform including call 14% Egypt regional presence and type, product and center, customer 24 18 34% leadership position in many of these markets geography service, online, ATMs 167 and retail branches 70 147 108 Unparalleled Corporate Access Diversified Products Online Trading 132 125 32 131 121 27 26 99 98 24 ≡ Provide flexible product 21 32 21 DFM ≡ Grant access to ≡ Our Online trading 70 offering depending on 31 15 18 23 26% corporates management platform provides 22 5 26 39 market accessibility and 18 28 143 Kuwait through tailored country clients with all the 14 21 clients’ needs. Examples: 10 7 18 29 100 Oman KSA 8% trips and a series of resources needed to 81 Total Return Swaps (9 62 60 distinguished make investment 45 55 49 55 4% 4% 36 conferences in Egypt, countries) and decision. Online trading , UAE, and USA Participatory Notes (KSA) available in Egypt, UAE, 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 Based on 2Q2014 Figures Oman, KSA and Kuwait 9 EFG Hermes Overview Research | A Leading Research House

Research Coverage Universe Research Capacity Online via New Portal EFG Hermes houses an ≡ Number of companies industry leading research Egypt UAE KSA Oman Others department that is currently 138 131 129 comprised of a team of 34 124 132 26 professionals focusing on 25 22 23 28 areas including equity 90 13 13 18 13 13 coverage, economics, and 26 38 53 strategy 30 50 22 50 23 25 23 ≡ The department also offers 19 16 14 31 in-depth reports on 23 30 23 18 24 economies, strategy and 2009 2010 2011 2012 2013 Jun-14 sector focused notes Market Cap. Coverage by Country Research Coverage by Sector ≡ The quality of this team is accentuated by the top Covering around 60% of the region’s market capitalization Consumer ranking of its analysts Energy & Telecoms 7% Utilities 70% 16% during the past six years 63% 1% 58% 57% 55% Real Estate 47% 46% 44% & Hospitality ≡ Capping a two-year 40% 1% process, EFG Hermes 29% Financials Research launched its new 46% portal in May 2012, Materials 25% providing access to all Saudi Abu Dhabi Dubai Qatar Oman Lebanon Kuwait Jordan Egypt Morocco research products and a Industrials three-year product archive Research Team Euromoney Poll Rankings 3%

Research House Banking & Finance Strategy Property /Real Estate Telecoms Transport & Shipping Pharmaceuticals Utilities

2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 EFG Hermes 1 2 1 2 2 1 1 1 1 1 1 1 1 1 HSBC 3 1 3 1 4 2 3 3 3 2 2 2 4 3 _ 5 7 7 7 6 _ 5 _ _ _ _ 5= 5 NCB Capital 2 3 2 3 1 2 2 2 _ _ _ _ 2 2 Global Investment House 4 4 4 4 3 3 4 4 2 3 3 3 3 4 10 EFG Hermes Overview Asset Management | Diversified Client Base and Product Offerings

Evolution of Assets Under Management Total AuMs Breakdown by Clients Region

≡ 44 professionals across In USD billion three countries (Egypt, Asia 0.2% UAE and ) USA 0.9% Others 0.1% with more than 18 Egypt Equity Funds Money Market & Fixed Income years of investment Regional Equity Funds Portfolios experience in the region 4.7 27.4% making it the largest 4.4 4.2 and most experienced 0.9 0.9 on-the-ground team of 3.3 0.9 3.3 3.1 any investment 1.0 3.1 1.0 0.6 0.8 manager in the Middle 1.2 1.0 0.6 0.9 East 0.6 MENA 71.5% 0.7 0.8 2.3 2.6 Loss of AuMs during 1.8 2.0 1.8 ≡ 1.2 1.2 FY2013 has been 0.3 0.3 0.2 0.1 0.2 0.2 0.2 mainly triggered by the change of regulations 2008 2009 2010 2011 2012 2013 Jun-14 governing MMFs in Egypt, which has Total AuMs Breakdown by Investor Type impacted all Egyptian Performance of Select Funds 2012 & 2013 asset managers In %, unless otherwise stated FY2013 FY2012 Tracking Index Performance Others 3.5% ≡ Impact of loss of Private Bank 48.8% 25.5% 3.4% revenues from MMFs Saudia Arabia Equity 11.2% 6.0% was minimal due to the Fund HNWI/Family low management fees Office 12.3% 45.1% 26.3% Foundation/ that those funds carry 14.3% MEDA Fund 6.8% Pension/ Insurance In spite of stellar 26.6% 40.4% ≡ MENA Opportunities 43.7% SWFs 16.4% performance, our ability Fund 14.6% 6.8% to raise funds has been 31.3% 25.9% limited, due to 0.8% economic and political Al Waseela Fund -4.8% conditions, but should 16.7% 11.6% start to pick up during 46.4% Egypt Fund the current year 2014 44.4% Institutions 23.8%

11 EFG Hermes Overview Private Equity | Large Base of AuMs. InfraMed | A EUR 385mn Long Term Infra Fund Focusing on SEMED

EFG Hermes Private Equity Overview* InfraMed Overview InfraMed Structure EFG Hermes Role

≡ Invested USD652 million in 36 unique investments ≡ Investment 26 exits with proceeds totaling USD504 million ≡ A EUR 385mn private equity Mgmt/Advisory ≡ fund investing in infrastructure including origination, ≡ Total realized gains USD211 million

in the Southern and Eastern analysis and execution Aggregate exit USD IRR 20% Mediterranean (SEMED) region ≡ ≡ Portfolio Mgmt ≡ Aggregate exit USD cash multiple 1.7x ≡ Fund has a 14+1 year term including board

Sponsors representation on

that reached first closing in Management ≡ 10 investments in current portfolio projects and day to day

€ 15mn Egypt Investments May 2010 with EUR 385mn of € 50mn € 20mn € 150mn € 150mn management *Data is for Horus I, EFG CP II &III and Horus Agri. Fund sponsor commitments To date, InfraMed invested ≡ Member of the ≡ regional Investment c.40% of its commitments in Committee investments in Egypt, Turkey Acquisition of 19% EFG Hermes Private Ad-hoc support for of Damas alongside Equity Exits from and Jordan ≡ transactions and MANNAI Damas Co- Co- Headquarters in Paris with networking Corporation ≡ investment investment IRR of c.40% local presence in Cairo and agreement agreement particularly on Levant and Cash multiple 1.8x Casablanca initially through for Morocco for March - 2012 March - 2014 advisory and co-investment Egypt Management ≡ Support fundraising agreements with EFG Hermes activities and LP USD85 million USD150 million and CDG Capital Other Co- Other Co- Investments Regional relationship investor investor management Private Equity AuMs ≡ Strong pool of 15+ investment professionals in Paris, Cairo, In USD million Founding partner of Dubai and Casablanca ≡ InfraMed 1,228 1,125 1,036 Size |€50mn Size |€385mn Size |€100mn ≡ Hold of EUR15 mn 980 LP position Sponsor 665 692 663 Investments to Date

. Country: Egypt Iskenderun . Country: Turkey Tafila Wind . Country: Jordan 2008 2009 2010 2011 2012 2013 Jun-14 ERC . Investment: USD 100mn Port Facility . Stake: c.20% Farm . Stake: 49% Others (c.15% stake) . Capacity: 1.3mn TEU . Capacity: 114MW Telecoms, 9% . Capacity: 4.7MT of light . Total Cost: Not . Total Cost: Not Media & IT Construction & distillates disclosed disclosed 4% Real Estate . Total Cost: USD 3.7bn . Other Stakeholders: . Other Stakeholders: EP Investments Financial 33% . Other Stakeholders: Limak, Garanti, Global Energy, EIB, IFC 4% by Sector Retail KEXIM, DEG, JBIC, IFC & Unicredit and Proparco 13% Qatar Petr. Int.

Food & Agri 17% Oil & Gas 20% 12 EFG Hermes Overview Commercial Bank | Crédit Libanais Presence

Lebanon Nationwide Cyprus branches Limassol 67 Iraq Canada branch Canada 1 Baghdad - Irbil Montréal

1 Rep. Office 2 branches

Lebanon Cyprus Iraq

Bahrain

Bahrain Senegal Manama (Credit International) Senegal Dakar 1 branch

Crédit Libanais 1 Subsidiary 71 branches

Crédit International 1 branch

13 II. Overview of Financial Performance Overview of Financial Performance Group | Key Financial Highlights

Group Revenues Group Net Profit After Tax & Minority Interest

In EGP million In EGP million Egypt Regional EGP221 million normalized net profits excluding 708 the one-off items 2,463 and impairment 2,165 552 charges 1,828 307 1,690 49% 221 1,431 120 1,310 60 69% 71% 1,000 47% 61% (39) 70% 75% 51% 53% 39% 29% 31% 30% 25% (540) 2009 2010 2011 2012 2013 Jun-13 Jun-14 2009 2010* 2011 2012 2013** Jun-13 Jun-14 *Includes the capital gain recorded from the sale of stake in Bank Audi **EGP781 mn one-offs &impairment changes: one-off operating expenses of EGP70 mn, impairment charges of EGP735 mn & capital gains of EGP24 mn Group Total Assets Total Equity/Capitalization

In EGP million In EGP billion Shareholders' Equity Market Capitalization

72,527 13.0 67,372 65,865 59,496 9.6 52,491 9.2 8.9 48,824 8.7 8.7 8.7 8.9 8.8 8.2

4.8 5.3 5.0 3.5 10,941

2009 2010 2011 2012 2013 Jun-13 Jun-14 2009 2010 2011 2012 2013 Jun-13 Jun-14 15 Overview of Financial Performance Investment Bank | Business Lines Revenue

Brokerage Revenue Asset Management Revenue

In EGP million In EGP million Management Fees Incentive Fees ≡ The pick-up in foreign ≡ The division’s 464 institutions trading in the revenue soared in UAE markets fueled the 2Q2014 on strong division’s revenue growth 207 incentive fees 377 79% Y-o-Y in 1H2014 ≡ 1H2014 revenues ≡ UAE markets were the therefore increased main contributors to the 166 73% Y-o-Y division’s revenue 154 282 97 253 35 240 18 121 220 117 113 10 23 141 66 53 136 131 13 107 98 110 53 61

2009 2010 2011 2012 2013 Jun-13 Jun-14 2009 2010 2011 2012 2013 Jun-13 Jun-14

Investment Banking Revenue Private Equity Revenue

In EGP million In EGP million Management Fees* Incentive Fees ≡ Despite the tough ≡ 1H2014 revenues operating environment declined 33% Y-o-Y in the region, the due to lower fx- division closed four 145 gains recorded in 167 144 transactions in 2Q2014 134 1H2013 131 11 ≡ Revenues spiked 268% 31 Y-o-Y in 1H2014 122 24 110

106 84

133 56 55 107 114 110 43 40

15

2009 2010 2011 2012 2013 Jun-13 Jun-14 2009 2010 2011 2012 2013 Jun-13 Jun-14 16 *Includes fx-gains Overview of Financial Performance Investment Bank | Revenue Generation

1H2014 Revenues (1) 1H2014 Breakdown of Fees and Commissions

≡ Core Investment Bank In EGP million operations in the second quarter were 31% the primary drivers of 688 this impressive yearly growth

≡ Capital markets and Regional Egypt 55% treasury operations 45% included EGP92 million 8% 211 one-off gain related to the sale of part of the 16% Investment Bank’s stake in SODIC 56 8% ≡ Regional operations represented 45% of fees and commissions Evolution of Investment Bank Revenues in 1H2014, reflecting 113 management’s 37% In EGP million continuing focus on 1,190 growing operations in 55 the Gulf Cooperation 995 Council 830

668 694 688

253 373

Brokerage IBD AM PE Treasury Total 2009 2010* 2011 2012 2013 Jun-13 Jun-14 (1): Net revenues as per earnings release includes treasury and capital markets income. * 2010 revenue excludes EGP717 million of capital gain booked from the sale of Bank Audi 17 Overview of Financial Performance Investment Bank | The Cost Base

1H2014 Expenses (1) (2) 1H2014 Breakdown of Expenses ≡ Management’s In EGP million continued focus on 381 cost control saw the employee-cost-to- 22 income ratio fall to Other 39% in 2Q2014 (43% expenses 24 22% in 1H2014), far below the 74% rate recorded 23 in the same period of last year and Employee comfortably below the expenses 50% threshold 78% previously announced 113 by management

≡ Other operating expenses declined 22% Y-o-Y in 1H2014, Evolution of Investment Bank Expenses as management continues to closely In EGP million monitor the cost base and introduce/ 874 implement several cost 799 730 717 cutting initiatives 665 198

375 381

Holding Brokerage IBD AM PE Total 2009 2010 2011 2012 2013 Jun-13 Jun-14 (1): Some of the business lines’ expenses are booked on the Holding level, thus the above expenses do not entirely capture the divisions’ full operating expenses (2): Operating Expenses before deduction of taxes and minority interest 18 Overview of Financial Performance Investment Bank | Balance Sheet

Investment Bank Balance Sheet as at 30th of June 2014

Assets - Liabilities In EGP million ≡ The balance sheet of EFG Hermes today is well Cash and Cash Equivalents 3,053 capitalized, and unleveraged with significant scope for value Asset Management Seed Capital 774 optimization and returning money to shareholders Private Equity Seed Capital 214

≡ Impairment charges taken Fixed Assets and Real Estate 464 in 2013 see EFG Hermes entering 2014 with a clean balance sheet Other Assets 51

Receivable (Payables) (1,035)

Goodwill 199

Other Trading and AFS Investment 172

Crédit Libanais 3,296

SODIC 137

Total 7,325

19 Overview of Financial Performance Crédit Libanais | Highlights

$8.7 bn Total Assets

8.3% ROAE (after tax) $2.8 bn Total Loans 13.2% Core Tier-1 (3)

0.6% ROAA $753mn Total Equity (after tax) Total Deposits CAR(Basel II) (3) $7.4 bn 14.8%

$54mn Net Profit $665mn Core Equity after tax (1)

37.1% Loans/Deposits 79.9% NPL Coverage

Ratio 62.7% Cost/Income (2) 5.6% Loans Market Share 71 Crédit Libanais branches 1.6% NIM (Lebanon – Cyprus – Bahrain – Iraq) Credit Int’l branch 1 1,607 Employees (Senegal) 290,000 Customers served in Lebanon 85 ATMs across Lebanon (1) Annualized 1H2014 Net Profit After Tax (2) Including extraordinary items (3) As at December 2013 All figures are as at June 2014/2Q2014 20 Overview of Financial Performance Crédit Libanais | Balance Sheet and Asset Quality Highlights

Total Assets Customer Loans Customer Deposits In USD million In USD million In USD million

2,752 2,599 7,417 8,663 7,158 8,359 6,961 7,948 2,234 6,293 7,174 1,976 6,532 5,646 4,819 5,482 1,654 1,292

2009 2010 2011 2012 2013 Jun-14 2009 2010 2011 2012 2013 Jun-14 2009 2010 2011 2012 2013 Jun-14

Total Shareholders’ Equity NPL/Gross Loans Provisions/NPL (Coverage Ratio) In USD million In %, unless otherwise stated In %, unless otherwise stated

Total Equity Preferred Tier 2 Core Equity 753 99.1% 96.5% 766 100 100 88 6.5% 91.1% 619 561 569 90 90 50 91 428 86 87.3% 84.2% 50 10 4.7% 665 79.9% 576 478 529 3.9% 3.9% 425 368 3.4% 3.5%

2009 2010 2011 2012 2013 Jun-14 2009 2010 2011 2012 2013 Jun-14 2009 2010 2011 2012 2013 Jun-14

Source: Bank Information 21 Overview of Financial Performance Crédit Libanais | Profitability, Performance and Capital Ratios

Net Interest Income Operating Expenses Net Profit After Tax & Minority Interest In USD million In USD million In USD million Interest Income Interest Expense Net Interest Income Salaries Other Operating Expenses

79 418 442 66 370 397 62 69 56 65 61 224 49 214 47 127 122 126 137 62 65 31 31 32 31 32 34 18 21 27

(152) (159) (243) (276) (292) (305) 2010 2011 2012 2013 Jun-13 Jun-14 2010 2011 2012 2013 Jun-13 Jun-14 2010 2011 2012 2013 Jun-13 Jun-14

NII versus Non Interest Income RoAE & RoAA (after tax) Capital Ratios (Basel II)

Net Interest Income Non Interest Income Tier 1 Ratio Tier 2 Ratio RoAE RoAA

21.1% 17.0% 27.5% 31.9% 32.4% 30.1% 26.8% 14.8% 1.3% 14.5% 4.6% 13.7% 1.6% 14.9% 2.4% 12.9% 2.1% 12.1%

8.3% 68.1% 72.5% 67.6% 69.9% 73.2% 1.0% 13.2% 0.8% 12.4% 12.1% 11.6%

0.8% 0.6%

2010 2011 2012 2013 Jun-14 2010 2011 2012 2013 Jun-14 2010 2011 2012 2013

Source: Bank Information 22 Disclaimer

This confidential document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any securities or interests described within it ("Investments") in any jurisdiction. Investors should make decisions to acquire Investments solely on the basis of the information contained in the offering document published in connection with the offer of Investments. The information contained in this document is proprietary and confidential to EFG Hermes SAE Holding and/or its affiliates (together and separately, "EFG Hermes"). You must only use such information for the purposes of discussions with EFG Hermes and you must hold such information in strict confidence and not reproduce it or disclose it to any person, except as may be required by law.

You must not place any reliance for any purpose whatsoever on the information contained in this document. No representation or warranty, express or implied, is given by or on behalf of EFG Hermes or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted by EFG Hermes or any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith.

The information contained in this document has been obtained from sources prepared by other parties and it may not have been independently verified.

The supply of this document does not imply that the information within is correct at any time subsequent to the date of this document.

This document may contain forward-looking statements which, by their nature, involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by these statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described within this document. In particular, actual results may be adversely affected by future developments affecting inflation, interest rates, taxation, social instability or other economic, political or diplomatic or other matters. Forward-looking statements contained in this document that reference past trends or activities should not be taken as a representation that such trends or activities will continue.

EFG Hermes Holding SAE has its address at Building No. B129, Phase 3, Smart Village, Km 28 Cairo Alexandria Desert Road,6 October, Egypt and has an issued capital of EGP 2,867,422,500

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