EQS-Adhoc

Orascom Development Holding AG: Completion of Delisting of the Egyptian Depositary Receipts

EQS Group-Ad-hoc: Orascom Development Holding AG / Key word(s): Miscellaneous/Miscellaneous Orascom Development Holding AG: Completion of Delisting of the Egyptian Depositary Receipts 30-May-2017 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 KR Press Release

Orascom Development Holding Ltd: Completion of Delisting of the Egyptian Depositary Receipts

Altdorf/Cairo, 30 May 2017 - Following the delisting approval issued by the Listing Committee of the Egyptian Exchange (EGX) on the 24^th of May 2017, Orascom Development Holding (ODH) has successfully completed the previously announced delisting of the company's Egyptian Depositary Receipts (EDRs) from the EGX. The majority of the EDR holders have chosen to swap their EDRs into shares of ODH that had previously been underlying the EDRs and only 9.9% out of the 189,123,620 EDRs were tendered to the company for repurchase at a price of EGP 5.25 (CHF 0.29) per EDR or CHF 5.79 per ODH share (1 ODH share is underlying 20 EDRs). The ODH shares remain listed at the SIX Swiss Exchange.

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 seven jurisdictions (Egypt, UAE, 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, Byoum and Harram City), The Cove in United Arab Emirates, Jebel Sifah and Salalah Beach in Oman, Lustica Bay in Montenegro and Andermatt in Switzerland. The shares of Orascom Development Holding are listed on the SIX Swiss Exchange.