Monday, 06 March 2017

Adhoc News

EQS-Adhoc: Orascom Development Holding expands Executive Management

EQS Group-Ad-hoc: Orascom Development Holding AG / Key word(s):
Orascom Development Holding expands Executive Management

06-March-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR

Press Release

Orascom Development Holding expands Executive Management

Altdorf/Cairo, 6 March 2017 - The Board of Directors of Orascom Development
Holding AG (ODH) has resolved on 5 March 2017 to expand the Executive
Management of ODH effective 1 April 2017. Ashraf Nessim has been appointed
as Chief Financial Officer and an Executive Management member after having
already served in this function on an ad interim basis since May 2016.

Nermine Faltas, Group Chief Human Resources & Organization Development
Officer, and Tarek Gadallah, Group General Counsel, have also been
appointed as members of the Executive Management.

Prior to joining ODH in June 2016, Nermine Faltas served as the VP for
Operations and Human Capital in A15 (previously Orascom Telecom Ventures).
Tarek Gadallah previously was a partner at Egyptian law firm Ibrachy &
Partners, focusing mainly on mergers and acquisitions, before joining ODH
in November 2016.

About Orascom Development Holding

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 a primary focus on touristic destinations. The
Group currently operates ten destinations; five in Egypt El Gouna, Taba
Heights, Makadi, Fayoum and Haram City, The Cove in United Arab Emirates,
Jebel Sifah and Salalah Beach in Oman, Lustica Bay in Montenegro 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
Head of Investor Relations
Tel: +202 246 18961
Tel: +41 418 74 17 11

Contact for Media Relations:
Philippe Blangey
Dynamics Group AG
Tel: +41 432 68 32 35

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

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 Swiss Exchange

End of Announcement EQS Group News Service

550439 06-March-2017 CET/CEST