EFG Hermes Holding

3Q/9M 2016 Results Presentation Group Overview Group Performance Highlights – 3Q2016

≡ EFG Hermes reported buoyant results in 3Q16 despite a seasonally weak quarter; with the burgeoning non- finance platform supporting the overall performance. The Firm reported a net profit after tax and minority interest from continued operations of EGP41 million, up 3% Y-o-Y in 3Q16.

≡ On the operational level, the Firm recorded a net operating profit of EGP76 million, up 7% Y-o-Y; as higher revenues overshadowed higher expenses.

≡ Total operating revenues increased 28% Y-o-Y to EGP294 million in 3Q16; predominantly on strong revenue generated from the growing non-bank finance platform, higher contribution from one of our core segments, namely Brokerage, and capital gain realized from seed capital redemption.

≡ Total operating expenses rose 37% Y-o-Y to EGP219 million in 3Q16; mainly on additional costs associated with the new businesses, Leasing and Tanmeyah. However, employee expenses/ operating revenue came at 47% in 3Q16; an accomplishment given the rising inflationary pressures, and the EGP devaluation which impacts our overseas salaries.

≡ During the period, EFG Hermes reported a net profit after tax and minority interest from continued and discontinued operations of EGP151 million, up 25% Y-o-Y in 3Q16; reflecting the adjustment of impairment charges booked in 1Q16 and associated with the sale of Credit Libanais. This comes in accordance with the Egyptian Accounting Standards, which necessitates an adjustment in the occurrence of a subsequent material event - the EGP devaluation. ≡ We continue to divest our remaining stake in Credit Libanais post the sale of our majority stake in the Bank and its subsequent deconsolidation in 2Q16. In 3Q16, we offloaded an additional 3.3% of the Bank’s shares, thus leaving the Firm with 16.1% stake at the end of the period.

2 Group Overview Share Information – 3Q2016

Stock Performance over 3Q16 Stock Price Performance Shareholders structure

Natixis S.A. (DF EFG-Hermes HC HFI (Rebased) EFG3 Limited), 16 11.81% Close 12.47 15% Q-o-Q The Bank of New York Open Hi Lo 14 Mellon (GDRs), 10.86 13.57 10.86 13.23%

Average Daily Turnover 12 4% EGP44.5 mn Q-o-Q Abdel 10 Moneim Al Market Cap Shares Rashed, 8.50% EGP7,668 mn 614.9 mn Public, 8 66.46%

* Shareholders structure as of 30 th September , 2016

Analyst Recommendations Analysis Consensus Recommendation Price Spread

Target Institution Recommendation Date Price Price Spread (Target Price - Price) HSBC * Buy 14.90 Sep-2016 Buy 7 78% 4 Neutral 11.60 Jun-2016 Hold 2 22%

Pharos Holding* Buy 15.47 Aug-2016 Sell 0 0% 2 CI Capital Overweight 15.80 Jun-2016 Average EGP 14.93 0 Arqaam* Buy 15.10 Aug-2016 Target Price

HC Securities & Overweight 17.00 Sep-2016 Spread* EGP 2.46 -2 Investment*

Prime Holding Buy 17.54 Apr-2016 Potential Upside 20% -4 Beltone* Buy (13-14) Jul-2016

Renaissance Hold 13.50 Sep-2016 th Capital* * Based on September 30 closing price 3 * Analyst Update in 3Q16 Group Overview Balance Sheet

Total Assets, EFG Hermes Balance Sheet as at 30th of September 2016 down 84% Y-o-Y

In EGP bn Assets - Liabilities In EGP million ≡ The Commercial Bank was deconsolidated in Cash and Cash Equivalents 6,609 2Q16, resulting in 100 Group assets decline Receivables “Tanmeyah” 146

80 Asset Management Seed Capital 806

60 Private Equity Seed Capital 486 89 40 Fixed Assets and Real Estate 424 20 Other Assets 59 14 0 9M15 9M16 (Receivable - Payables) (1,750) Total Equity/Market capitalization Goodwill 588

Shareholders' Equity Market Capitalization Other Trading and AFS Investment 149 In EGP bn 12 Crédit Libanais 1,131

9 SODIC 193

6 Leased Assets (net) 968 10.0 8.9 7.7 3 Long Term Loans (958) 5.3

Total 8,851 0 9M15 9M16 4 I. Third Quarter Results Review – 3Q2016 Investment Bank Overview EFG Hermes Financial Highlights – 3Q2016

EFG Hermes Revenue Breakdown Fees and Commissions Revenue Breakdown

Capital Markets & 27% Treasury Operations

Revenue of EGP79 mn, up 93% 40% 14% 6% 8% 14% 18% Y-o-Y Regional Operations 24% Asset Investment Private Of Fees and Commissions Brokerage Management Banking Equity Leasing Micro-Finance Revenue Revenues of Revenues of Revenues of Revenues of Revenues of Revenues of Fees and commissions 73% EGP86 mn, EGP30 mn, EGP13 mn, EGP17 mn, EGP31 mn, EGP39 mn, up 25% Y-o-Y down 28% Y-o-Y down 73% Y-o-Y down 27% Y-o-Y up 371% Y-o-Y up 5% Q-o-Q Operations 76% Revenue of EGP215 mn, up 14% Y-o-Y Of Fees and Commissions Revenue

EFG Hermes Operating Revenue EFG Hermes Operating Expenses, EFG Hermes Net Profit After Tax and up 28% Y-o-Y up 37% Y-o-Y Minority Interest (Continued Operations), up 3% Y-o-Y ≡ Employee Expenses to nEP m In EGP mn In EGP mn Operating Revenues Employee Expenses came at 47% in 3Q16 300 Other Operating Expenses 45 300

225 219 225 30

159 79 150 294 150 40 41 52 230 15

75 75 140 107

In EGP mn 0 0 0 3Q15 3Q16 3Q15 3Q16 3Q15 3Q16 6 Business Lines Overview Brokerage Operational and Financial Overview – 3Q2016

27.5% 27.5% 27.5% 27.5% EGYPT ABU DHABI NASDAQ DUBAI Executions 3Q16: Rank Executions 3Q16: Rank Executions 3Q16: Rank Executions 3Q16: Rank USD # 1 USD # 1 USD # 1 USD # 1 1,554 mn 1,172 mn 1,115 mn 321 mn 36.9% 19.4% 45.1% 61.8% (Up 23% Y-o-Y) Market Share (Down 14% Y-o-Y) Market Share (Up 8% Y-o-Y) Market Share (Up 15% Y-o-Y) Market Share 27.5% 27.5% 27.5% 27.5% KSA Executions 3Q16: Rank Executions 3Q16: Rank Executions 3Q16: Rank Executions 3Q16: Rank

Direct Presence USD # 1 USD # 5 USD # 2 USD # 3 371 mn 667 mn 130 mn 65 mn 29.4% 1.5% 28.1% 10.7% (Down 47% Y-o-Y) Market Share (Down 31% Y-o-Y) Market Share (Down 30% Y-o-Y) Market Share (Down 20% Y-o-Y) Market Share 27.5% 27.5% 27.5% BAHRAIN MOROCCO Rank Rank Rank Rank N/A N/A N/A N/A

Indirect 5.7% 0.7% 1.3% Presence 23.3% Market Share Market Share Market Share Market Share

Average Daily Commissions Fees Contribution by Market Brokerage Revenue by Country (Regional Office) In USD Thousand In EGP mn Jordan, Others, 3Q15 3Q16 Egypt UAE Kuwait Others Qatar, 2% 11% 10% 57 300 282 285 60 44 58 Nasdaq 250 Egypt 206 Dubai, ≡ Total Brokerage 24 42% 40 18 184 3% revenue of EGP86 mn, 200 176 173 168 176 40 52 156 156 up 25% Y-o-Y 70 43 134 32 ADX, 150 108 51 50 50 8% 15 15 39 12 51 7 14 35 10 17 19 100 16 35 10 20 53 62 50 11 38 30 143 39 30 DFM, 33 Kuwait, 50 100 94 4 74 76 89 9% *Based on 3Q16 figures 3 4 2 2 2 2 2 61 61 55 71 66 4% Oman, KSA, 0 0 3% 6% 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 Egypt UAE KSA Oman Kuwait Jordan

7 Business Lines Overview In USD bn Asset Management Operational and Financial Overview – 3Q2016

Assets Under Management - Egypt Assets Under Management - Regional Asset Management Revenue Breakdown

In EGP bn In EGP mn Management Fees Other Fees* Egypt Equity Funds Money Market & Fixed Income Portfolios Regional Equity Funds Regional Equity Portfolios

14.5 1.6 120 110 15.2 13.8 14.1 14.0 1.4 99 12.4 12.5 1.3 12.1 11.9 1.2 1.2 1.2 100 5.0 1.2 1.1 11.5 4.1 4.4 4.8 10.9 1.2 1.1 1.1 1.1 83 0.5 4.4 4.1 3.8 0.4 0.9 80 3.9 8.9 0.4 0.5 0.5 8.5 0.4 81 4.2 0.4 0.4 0.4 0.4 69 7.7 0.8 60 3.5 0.4 53 50 2.9 45 16 38 36 34 8.5 8.5 8.2 8.0 40 12 32 30 7.0 7.4 7.4 30 4.0 7.2 0.4 0.8 0.8 0.8 0.9 0.8 10 2 1 2 5.9 0.7 0.7 0.7 0.7 0.7 4.9 4.7 0.5 20 30 30 34 29 28 34 33 30 30 32 30 1.2 1.2 1.3 1.2 1.1 1.0 0.9 0.8 0.8 0.7 0.7 0.2 0.0 0 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16

AuMs Breakdown by AuMs Breakdown by AuMs Breakdown by Funds Origination by Asset Class Region/Country Specific Investor Type Clients’ Region * Other Fees include incentive fees and other revenues

Balanced, Private Others 4% Egypt - Regional, Bank 1% 2% Equity, 17% 28% MMFs & FI, 43% HNWI/Family Foundation 30% Office 11% / Pension / 32%

Egypt - SWFs FI/Balance, 24% MENA 35% Institutions 72% Equity, 65% KSA, 5% 31%

8 Business Lines Overview IB and PE Operational and Financial Overview – 3Q2016 Investment Banking Private Equity

≡ The Investment Banking team successfully closed the Private Equity AUMs Evolution minority stake sale of B. Tech, one of the largest retailers Advisory on of home appliances and consumer electronics in Egypt to Sale of a minority stake to Development Partners International (DPI), a leading African 1,200 private equity firm, with USD1.1 billion under 1,106 1,103 management. The transaction will see DPI invest EGP300 million to fund a new growth strategy for B.TECH. (US$ 33,000,000) Sell Side Advisor In USD mn 900 July 2016 741 716 711 663 689 590 600 614 600 498 ≡ In the UAE, the team acted as sole financial advisor to The Abraaj Group on the sale of its 80% stake in Jordan Aircraft Maintenance Limited (JORAMCO), a leading 300 Advisory on independent commercial aircraft maintenance, repair Sale of its 80% in and overhaul company serving a wide range of customers in the , Europe, , Africa, Russia and the CIS countries, to Dubai Aerospace 0 (Undisclosed) Enterprise Limited. Sell Side Advisor

September 2016 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16

≡ EFG Hermes Investment Investment Banking Revenue Private Equity Revenue Banking acted as the Sole In EGP mn Financial Advisor to Arabian Management Fees Other Fees* Food Industries Company 80 Domty S.A.E. “Domty” in 72 80 connection with arranging 62 and setting up a Depositary 60 Receipts program – 52 60 50 representing current ordinary 44 shares in the company– that 41 41 41 40 40 is traded on the Stock In EGP mn 31 48 26 27 Exchange. 27 5 24 23 23 1 1 2 17 17 20 14 20 7 7 12 11 13 10 3 25 25 23 25 16 17 10 16 12 14 14 0 0 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 9 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16

* Other Fees includes incentive fees and other revenues Business Lines Overview Research Operational Overview – 3Q2016/Awards Research Investment Bank Awards Research Coverage Universe ≡ EFG Hermes Number of Companies Research covers 63% of MENA Egypt UAE Oman market cap Others Qatar Kuwait 155 160 149 139 141 143 8 EFG Hermes Credit Agricole I 133 133 135 134 8 Best Equity house in 132 129 7 10 7 7 10 the Middle East 2016 Growth and Regular Income 777 6 9 9 13 7 7 999 13 Best Fund over 10 Years 120 9 99 13 13 9 12 13 13 12 12 12 12 13 EMEA Finance Thomson Reuters 12 13 13 13 13 13 13 13 13 26 Achievement Awards Lipper Fund Awards 13 22 23 15 17 18 19 20 22 80 17 14

49 51 53 50 50 51 49 50 49 49 49 40

24 24 26 26 26 26 28 28 30 31 32 0 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16

Research coverage by Sector

Consumers Telecoms 5% Global Islamic Fund EFG Banque du Caire I 18% Al Baraka Fund (Cumulative) Best Fund over Energy & Utilities Best Fund over 3 Year 3 Years 1% Thomson Reuters Thomson Reuters Lipper Fund Awards Lipper Fund Awards RE & Hospitality 7% Financials 44%

Materials 20%

Health Care Industrials 1% 4%

10 Business Lines Overview Leasing and Tanmeyah Operational and Financial Overview – 3Q2016

KPIs Contracts booked during 3Q2016 (by asset size) Value Company Market Share Total Value of Loans Total Portfolio (EGP mn) 253 Issued (EGP mn) 492 Outstanding (EGP mn) 1 Corplease 702 18% 2 Techno lease 626 16% 3 GB Lease 528 14% 27,596 Total Number of Total Number of Active Loans Issued 91,572 Borrowers 4 Al Ahly 351 9% 5 Enmaa Leasing 249 6%

6 QNB 175 5% Total Number of 30,225 Processed Applications 111 Branches 7 Tamweel Leasing 167 4% 8 Al Tawfik Lease 167 4% 9 Orix 159 4% 10 Incolease 150 4% 925 Total Loan Officers 1,661 Total Tanmeyah Staff 11 EFG Hermes Leasing 134 3%

Source: EFSA and EFG Hermes calculations ≡ EFG Hermes Leasing Leasing Revenue ranked 11th in terms of Micro-Finance Revenue Leasing business deal bookings during ≡ In EGP mn In EGP mn was launched 3Q16 ≡ Tanmeyah was June 2015 consolidated in 2Q16 36 31 30 39 26 40 37 24 20 18 12 20 12 7 6

0 0 3Q15 4Q15 1Q16 2Q16 3Q16 2Q16 3Q16 11 II. Nine Months Results Review – 9M2016 Investment Bank Overview EFG Hermes Financial Highlights – 9M2016

EFG Hermes Revenue Breakdown Fees and Commissions Revenue Breakdown

Capital Markets & 24% Treasury Operations

Revenue of EGP231 mn, 40% 13% 14% 13% 10% 10% up 60% Y-o-Y Regional Operations 23% Asset Investment Private Brokerage Management Banking Equity Leasing Micro-Finance Of Fees and Commissions Revenues of Revenues of Revenues of Revenues of Revenues of Revenue Revenues of EGP302 mn, EGP95 mn, EGP107 mn, EGP95 mn, EGP77 mn EGP75 mn up 29% Y-o-Y Fees and commissions 76% up 20% Y-o-Y down 14% Y-o-Y down 28% Y-o-Y Egypt Operations 77% Revenue of EGP751 mn, up 27% Y-o-Y Of Fees and Commissions Revenue

EFG Hermes Operating Revenue EFG Hermes Operating Expenses, EFG Hermes Net Profit After Tax and up 33% Y-o-Y up 44% Y-o-Y Minority Interest (Continued Operations), up 8% Y-o-Y ≡ Employee Expenses to nE P m In EGP mn In EGP mn Operating Revenues Employee Expenses came at 50% in 9M16 1,000 Other Operating Expenses 180 800 712 750 600 225 120 496

500 982 152 168 400 156 738 60 487 250 200 344

In EGP mn 0 0 0 9M15 9M16 9M15 9M16 9M15 9M16 13 Business Lines Overview Brokerage Operational and Financial Overview – 9M2016

27.5% 27.5% 27.5% 27.5% EGYPT DUBAI ABU DHABI NASDAQ DUBAI Executions 9M16: Rank Executions 9M16: Rank Executions 9M16: Rank Executions 9M16: Rank USD # 1 USD # 2 USD # 1 USD # 1 5,124 mn 3,695 mn 3,272 mn 1,111 mn 35.4% 14.9% 32.2% 64.5% (Up 7% Y-o-Y) Market Share (Down 26% Y-o-Y) Market Share (Up 6% Y-o-Y) Market Share (Up 14% Y-o-Y) Market Share 27.5% 27.5% 27.5% 27.5% KUWAIT KSA OMAN JORDAN Executions 9M16: Rank Executions 9M16: Rank Executions 9M16: Rank Executions 9M16: Rank

Direct Presence USD # 1 USD # 4 USD # 2 USD # 3 1,684 mn 2,688 mn 548 mn 263 mn 26.9% 1.2% 28.6% 11.5% (Down 41% Y-o-Y) Market Share (Down 28% Y-o-Y) Market Share (Down 13% Y-o-Y) Market Share (Up 6% Y-o-Y) Market Share 27.5% 27.5% 27.5% 27.5%QATAR BAHRAIN LEBANON MOROCCO Rank Rank Rank Rank N/A N/A N/A N/A

Indirect 1.8% 3.1% 2.1% Presence 15.9% Market Share Market Share Market Share Market Share

Average Daily Commissions Fees Contribution by Market Brokerage Revenue by Country (Regional Office) Jordan, In USD Thousand Others, In EGP mn 9M15 9M16 Qatar, 3% 12% Egypt UAE Kuwait Others 7% 200 200 300 Nasdaq Egypt ≡ Total Brokerage Dubai, 239 42% revenue of EGP302 250 3% 149 150 mn, up 20% Y-o-Y 49 200 18 160 155 158 142 ADX, 150 7% 100 112 73 39 42 50 29 58 59 13 14 100 22 35 9 DFM, 39 50 17 21 41 33 11% 12 9 9 6 50 28 98 14 9 11 8 60 50 68 59 66 Oman, KSA,*Based on 9M16Kuwait, figures 0 0 4% 6% 6% Egypt UAE KSA Oman Kuwait Jordan FY12 FY13 FY14 FY15 9M15 9M16 14 Business Lines Overview AM and IB Operational and Financial Overview – 9M2016 Asset Management Investment Banking In USD bn Evolution of Assets Under Management

Egypt Equity Funds Money Market & Fixed Income Advisory on Advisory on Sale of a minority stake Advisory on Regional Equity Funds Portfolios to Sale of its 80% in Sale of a stake to Advisory on

5 4.7 Initial Public Offering

(US$ 40,540,541) (Undisclosed) (US$ 33,000,000) 0.9 (Undisclosed) Sell Side Advisor Sole Global Coordinator Sell Side Advisor 4 Sell Side Advisor June 2016 July 2016 September 2016 3.3 3.3 April 2016 1.0 3.1 3.1 3 0.6 0.8 2.6 0.9 0.6 1.1 0.6 0.9 1.9 2 0.7 2.6 0.7 0.8 0.7 Advisory to EFG Hermes 2.0 Finance on its acquisition Advisory on 1 1.8 of 94% in 1.2 1.1 0.5 0.9 Initial Public Offering 0.5 0.2 0.1 0.2 0.2 0.2 0.1 0.1 (US$ 127,200,903) 0 (US$ 55,000,000) Sole Global Coordinator 2010 2011 2012 2013 2014 2015 9M16 and Underwriter Buy Side Advisor March 2016 February 2016

Asset Management Revenue Breakdown Investment Banking Revenue

In EGP mn In EGP mn Management Fees Other Fees*

300 272 200 163 149 250 218 137 207 150 122 200 149 106 107 93 150 97 100 117 121 111 95 10 11 100 23 40 3 50 123 126 50 107 98 110 100 92

0 0 2011 2012 2013 2014 2015 9M15 9M16 * Other Fees include incent 2011 2012 2013 2014 2015

9M15 9M16 15

ive fees and other revenues Business Lines Overview PE Operational and Financial Overview – 9M2016/Awards Private Equity Investment Bank Awards In USD mn Private Equity AUMs Evolution

EFG Hermes Credit Agricole I Best Equity house Growth and Regular Income in the Middle East Best Fund over 10 Years 1,200 1,103 2016 Vortex II EMEA Finance Thomson Reuters Lipper 980 Fund Awards 1,000 Achievement Awards Subsidiary of EDPR 800 734 665 692 614 Investment Global Islamic Fund EFG Banque du Caire I 600 €550 mn Al Baraka Fund (Cumulative) Best Fund Best Fund over 3 Year over 3 Years 400 49% Stake Thomson Reuters Thomson Reuters Lipper Fund Awards Lipper Fund Awards 200

0 Best Investment Bank Best Equity Bank 2011 2012 2013 2014 2015 9M16 ≡ The Infrastructure Platform in Egypt 2016 in Africa 2016 has managed to finalize Euromoney Awards Global Finance the acquisition of 49% in for Excellence Magazine EDPR Participaciones, Private Equity Revenue which comprises of a In EGP mn 664MW of operational Best Private Equity MENA Asset Manager pan-European portfolio House 2016 of the year 2016 Management Fees Other Fees* from EDPR Europe, for a MENA FM Awards MENA FM Awards 180 total consideration of EUR 550 million, funded via 144 134 60% debt and 40% 11 equity. The stake was Best Research House Best Brokerage Services 120 110 acquired by Vortex II, an in Egypt 2016 Company 2016 MENA FM Fund 90 95 Global Business 86 SPV managed by EFG Services Awards 74 Hermes). Outlook Awards 133 134 16 49 60 110 90 86 Best Investment Management Company Egypt Asset Manager of 58 47 in Egypt 2016 the year 2016 0 World Finance IM MENA FM Awards 2011 2012 2013 2014 2015 9M15 9M16 Awards

* Other Fees includes incentive fees and other revenues 16 Business Lines Overview Leasing and Tanmeyah Operational and Financial Overview – 9M2016

KPIs Contracts booked during 9M2016 (by asset size) Total Value of Loans Total Portfolio Lease Value 592 492 Company Market Share Issued (EGP mn) Outstanding (EGP mn) (EGP mn) 1 Corplease 2,370 16% 2 GB Lease 1,842 12% 66,054 Total Number of Total Number of Active Loans Issued 91,572 Borrowers 3 Global Lease 1,469 10% 4 Al Tawfik Lease 1,318 9%

5 Techno lease 1,190 8% Total Number of 77,658 Processed Applications 111 Branches 6 EFG Hermes Leasing 1,098 7% 7 QNB 1,041 7% 8 Al Ahly 873 6% 9 Arab African 858 6% 925 Total Loan Officers 1,661 Total Tanmeyah Staff 10 Incolease 785 5%

Source: EFSA and EFG Hermes calculations ≡ EFG Hermes Leasing Micro-Finance Revenue Leasing Revenue came in the 6th place In EGP mn In EGP mn during 9M16, ≡ Leasing business maintaining a fairly ≡ Tanmeyah was was launched strong market share consolidated in June 2015 2Q16 77 75 80 80

60 60

37 40 40

20 20 8

0 0 9M15 9M16 1H16 9M16 17 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 Alexandria Desert Road,6 October, Egypt and has an issued capital of EGP 3,074,472,890

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