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23.04.2014 – 13:18

Orascom Development Holding AG

DGAP-Adhoc: Orascom Development Holding AG: 6th Annual General Meeting of Orascom Development

Orascom Development Holding AG  / Key word(s): Miscellaneous/Miscellaneous

23.04.2014 13:06

Release of an ad hoc announcement pursuant to Art. 53 KR

Press Release

Orascom Development Holding AG: 6th Annual General Meeting of Orascom

Altdorf/Cairo, 23 April 2014 - Orascom Development Holding AG (Orascom
Development) will hold its 6th Annual General Meeting on Monday, 12 May
2014, at 3:00 p.m. CEST (doors open at 2:00 p.m. CEST) at Theater Uri,
Schützengasse 11, 6460 Altdorf, Switzerland. The attached document includes
the invitation along with the agenda of the Annual General Meeting.

Jean-Gabriel Peres whose term ends at the 2014 Annual General Meeting
decided not to stand for re-election. At the upcoming Annual General
Meeting the Board of Directors proposes the re-election of all other board
members.  Further, the Board of Directors proposes that Mr. Jürgen Fischer
and Mr. Jürg Weber be elected as new members of the Board of Directors for
a one-year term of office until the Annual General Meeting in 2015.

Curriculum Vitae - Jürgen Fischer

Mr. Jürgen Fischer, is founder of "The Pearl Management Consultants" in
Dubai, United Arab Emirates. Previously he was CEO of Dubai Properties LLC,
a major real estate developer in the UAE. Besides looking after 20'000
residential leasing units, 50'000sqm of retail space, thousands of "Built
to Sell" apartments and villas and several master developments in Dubai, he
was as well involved in international developments of Sama Dubai in Morocco
and Oman. During his time with Dubai Properties he oversaw several theme
park and tourist projects. Between 1995 and 2008 Jürgen Fischer held
several senior positions with Hilton International, such as President
Commercial Operations and President for Continental Europe, Middle East and
Africa, as well as President Scandic Hotels AB. Prior to joining Hilton, he
worked for 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 luxury
Grand Floridian Beach Resort 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. He is born in Switzerland, married and has 3
sons. He enjoys competitive road cycling, marathon running and triathlon.

Curriculum Vitae - Jürg Weber

Jürg Weber holds a 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
which are all domiciled in Istanbul, Turkey, and from "BENSYS HOLDING",
which is domiciled in Amsterdam, Holland. He also is founder and owner of
the "GOLDEN HORN MANAGEMENT LTD", which is domiciled in Kiev, Ukraine.
Previously Mr. Weber was CEO of "BOYNER HOLDING", Turkey, a Partner of
"McKINSEY & COMPANY, INC.", Turkey, a Consultant for "McKINSEY & COMPANY,
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

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 and
budget housing. The Group currently operates eight destinations; four in
Egypt El Gouna, Taba Heights, Haram City 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

Investor Relations Contacts
Sara El-Gawahergy
Investor Relations Director
Tel: +2 0100 218 5651
Tel: +41 41 874 17 11
Contact Media Relations

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our website indicated herein is not for use within any country or
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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.

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Language:               English
Company:                Orascom Development Holding AG
                        Gotthardstraße 12
                        6460 Altdorf
Phone:                  +41 41 874 17 17
Fax:                    +41 41 874 17 07
ISIN:                   CH0038285679
Valor:                  A0NJ37
Listed:                 SIX

End of Announcement                             EQS Group News-Service