Orascom Development Holding AG

EQS-Adhoc: Orascom Development Holding AG: signs a preliminary contract with the Government of Montenegro for the long-term lease of the 'Lastavica Island' with the 'Mamula Fortress' in the Bay of Kotor, Montenegro.

EQS Group-Ad-hoc: Orascom Development Holding AG / Key word(s):
Miscellaneous/Miscellaneous
Orascom Development Holding AG: signs a preliminary contract with the
Government of Montenegro for the long-term lease of the 'Lastavica
Island' with the 'Mamula Fortress' in the Bay of Kotor, Montenegro.

25.02.2015 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

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Press Release

Orascom Development signs a preliminary contract with the Government of
Montenegro for the long-term lease of the "Lastavica Island" with the
"Mamula Fortress" in the Bay of Kotor, Montenegro.

Altdorf/Cairo, 25 February 2015 -Orascom Development Holding AG (ODH) and
Montenegro's Minister of Sustainable Development and Tourism, Mr. Branimir
Gvozdenović, signed in Podgorica, Montenegro, a preliminary contract for
the long-term lease of the "Lastavica Island" with the "Mamula Fortress"
which is located in the Bay of Kotor, Montenegro (the "Mamula Project").

The preliminary contract which is currently pending approval from the
Parliament of Montenegro, as well as the final confirmation from the
Government, provides for a 49-year lease period.  The investment in the
Mamula Project is planned to take place via a joint venture company for
which financing has been fully secured between Mr. Samih O. Sawiris and
ODH.

The Mamula Project's location at the entrance of the Bay of Kotor is very
strategic to ODH's Lustica Bay Project in Montenegro, ultimately creating
several synergies between the two destinations. It will be the first and
only island "hotel/spa/leisure" destination in Montenegro and as a flagship
destination it will highly contribute to ODH's Lustica Bay Project.
Furthermore, it will also provide as an exclusive beach get-away resort to
Lustica Bay's residents and guests.

Once the Parliament of Montenegro approves the long-term lease contract,
the project should be implemented within 18 months after the construction
permit is obtained. The project will definitely add to the economic
benefits of Montenegro as it is expected to create around 200 new jobs and
bring EUR 7.5 million of revenue for the Montenegrin state over a 15-year
period.



About Orascom Development Holding AG

Orascom Development is a leading developer of fully integrated destinations
that include hotels, private villas and apartments, leisure facilities such
as golf courses, marinas and supporting infrastructure. Orascom
Development's diversified portfolio of destinations is spread over eight
jurisdictions (Egypt, UAE, Jordan, Oman, Switzerland, Morocco, Montenegro
and United Kingdom), with primary focus on touristic destinations. The
Group currently operates seven destinations; three in Egypt El Gouna, Taba
Heights, and Makadi, The Cove in United Arab Emirates , Jebel Sifah and
Salalah Beach in Oman and Andermatt in Switzerland. Orascom Development has
a dual listing, with a primary listing on the SIX Swiss Exchange and a
secondary listing on the EGX Egyptian Exchange.

Contact for Investors:
Sara El Gawahergy
Director of Investor Relations
Tel: +20 100 218 56 51
Tel: +41 418 74 17 11
Email: ir@orascomdh.com

Contact Media Relations
media@orascomdh.com

Disclaimer & Cautionary Statement
The information contained in this e-mail, its attachment and in any link to
our website indicated herein is not for use within any country or
jurisdiction or by any persons where such use would constitute a violation
of law. If this applies to you, you are not authorized to access or use any
such information. Certain statements in this e-mail and the attached news
release may be forward-looking statements, including, but not limited to,
statements that are predications of or indicate future events, trends,
plans or objectives. Forward-looking statements include statements
regarding our targeted profit improvement, return on equity targets,
expense reductions, pricing conditions, dividend policy and underwriting
claims improvements. Undue reliance should not be placed on such statements
because, by their nature, they are subject to known and unknown risks and
uncertainties and can be affected by other factors that could cause actual
results and Orascom Development Holding AG's plans and objectives to differ
materially from those expressed or implied in the forward looking
statements (or from past results). Factors such as (i) general economic
conditions and competitive factors, particularly in our key markets; (ii)
performance of financial markets; (iii) levels of interest rates and
currency exchange rates; and (vii) changes in laws and regulations and in
the policies of regulators may have a direct bearing on Orascom Development
Holding AG's results of operations and on whether Orascom Development
Holding AG will achieve its targets. Orascom Development Holding AG
undertakes no obligation to publicly update or revise any of these
forward-looking statements, whether to reflect new information, future
events or circumstances or otherwise. It should further be noted, that past
performance is not a guide to future performance. Please also note that
interim results are not necessarily indicative of the full-year results.
Persons requiring advice should consult an independent adviser.

End of ad hoc announcement

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25.02.2015 News transmitted by EQS Schweiz AG. www.eqs.com - news
archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.

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Language:    English
Company:     Orascom Development Holding AG
             Gotthardstraße 12
             6460 Altdorf
             Switzerland
Phone:       +41 41 874 17 17
Fax:         +41 41 874 17 07
E-mail:   ir@orascomdh.com
Internet: www.orascomdh.com
ISIN:        CH0038285679
Valor:       A0NJ37
Listed:      Foreign Exchange(s) SIX


End of News    EQS Group News-Service
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