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23.04.2015 – 07:09

Orascom Development Holding AG

EQS-Adhoc: Orascom Development Holding AG: invites shareholders to the Annual General Meeting 2015

EQS Group-Ad-hoc: Orascom Development Holding AG / Key word(s):
Orascom Development Holding AG: invites shareholders to the Annual
General Meeting 2015

23.04.2015 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.


Press Release

Orascom Development invites shareholders to the Annual General Meeting 2015

Orascom Development publishes today its invitation and agenda for the
Annual General Meeting (AGM) 2015. The AGM 2015 will take place on Monday,
18 May
2015, 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 2015.

Altdorf / Cairo, April 23 2015. Orascom Development Holding Ltd (Orascom
Development) publishes today its invitation and agenda for the Annual
General Meeting (AGM) 2015. All registered shareholders will also be
invited by registered letter.

At the upcoming Annual General Meeting, shareholders will for the first
time be able to take part in a binding vote on compensation for members of
the Board of Directors and the Executive Board. The Articles of Association
were amended at last year's Annual General Meeting to enable this change.

There are no planned changes in the Board of Directors, all members stand
for re-election.

The Board of Directors proposes to the shareholders to renew the authorized
capital for a period until May 18, 2017 and to confer the possibility to
the board of directors to issue up to 12'000'000 registered shares if this
would be in the best interest of the company. In case shares out of
authorized capital will be issued, pre-emptive rights will be granted to
existing shareholders. The flexibility offered by such authorized capital
will allow the company to further progress with its debt restructuring
program and confers the ability to convert loans granted to Orascom
Development into equity thereby strengthening the share capital basis.

Due to the requirement of certain foreign laws, the Board of Directors also
proposes that the Annual General Meeting authorizes the Board of Directors
to take decisions on listing or delisting of shares of Orascom Development,
depository receipts or any other derivatives on such shares in any listing
venue outside of Switzerland. Such a decision does not have an influence on
the listing of the shares on the SIX Swiss Exchange.

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

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


23.04.2015 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.


Language:    English
Company:     Orascom Development Holding AG
             Gotthardstraße 12
             6460 Altdorf
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
346885 23.04.2015

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