DGAP-Adhoc

Orascom Development Holding AG: Orascom Development's largest subsidiary in Egypt, Orascom Hotels and Development (OHD), appoints new Executive Chairman - Seite 2

highly confident that Dr. Abdel Razek will add a lot of value to OHD due to
her vast management experience and strong regional network.

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
Exchange.

Contact for Investors:
Sara El Gawahergy
Director of Investor Relations
Tel: [phone]
Tel: [phone]
Email: [e-mail]

Contact Media Relations
[e-mail]

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regarding our targeted profit improvement, return on equity targets,
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claims improvements. Undue reliance should not be placed on such statements
because, by their nature, they are subject to known and unknown risks and
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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
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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
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events or circumstances or otherwise. It should further be noted, that past
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Persons requiring advice should consult an independent adviser.


03.07.2014 News transmitted by EQS Schweiz AG.
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Language: English
Company: Orascom Development Holding AG
Gotthardstraße 12
6460 Altdorf
Switzerland
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.orascomdh.com
ISIN: CH0038285679
Valor: A0NJ37
Listed: SIX

End of Announcement EQS Group News-Service

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