EQS-Adhoc

Orascom Development Holding AG: Gives Guidance with Strong Preliminary Results for FY 2014, and Reports FY 2014 Results for its Egyptian Largest Subsidiary; Orascom Hotels and Development (OHD) - Seite 2

recognized parcel of land from the agreement contributed EGP 85.0 million
to the topline growth during the FY 2014. The EBITDA for the period was EGP
562.1 million vs EGP (32.7) million during FY 2013, solidifying the solid
execution of OHD's communicated savings & growth strategy.

Revenues in Real Estate & Construction segment more than doubled, recording
an increase of 110% vs the prior year.

Revenues in the Real Estate & Construction segment significantly increased
to EGP 441.9 million
(FY 2013: EGP 210.4 million), equivalent to 31% of OHD's revenues. The
increase is mainly a result of the accelerated delivery of real estate
units in Egypt (El Gouna, Ancient Sands and Makadi), a total of 689 units
were delivered in FY 2014. The accelerated delivery marks the healthy
construction momentum of the Group, which we are planning to maintain over
the coming years.

The segment EBITDA increased to EGP 147.8 million (FY 2013: EGP (29.9)
million). Contracted real estate sales, after adjusting for the exclusion
of the budget housing segment, increased by 45% to EGP 400.0 million (FY
2013: EGP 275.6 million), driven by the strong sales momentum in El Gouna &
Ancient Sands.

Hotels occupancy rate recovered to strong levels during the 2H 2014.

Despite the severe challenges that the hotel segement had encountred during
the first half of 2014, with the imposed travel bans in addition to the
noticeable decrease in airlift capacities, still the segment showed a
significant rebound during the second half of 2014 , after the travel bans
were lifted on the Red Sea area. Occupancy rates for the 2H 2014 reached
60% compared to 39% in 2H 2013 and the TRevPAR (Total Revenues per
Available Room) increased by 40% to EGP 339 compared to EGP 243 over the
same periond, taking into consideration that the full capacity of our
hotels was not materilazed because of the continued travel bans on the
Sinai Peninsula area and the heavy floods that hit Taba in May 2014,
resulting in a complete shut down of our hotels. To date, we were able to
re-open four of our hotels in Taba Heights , yet 25% of Taba's inventory
remained closed for renovation post the floods through December 2014.

The average occupancy rate for FY 2014 reached 49% (FY 2013: 48%) , TRevPAR
(Total Revenues per Available Room) reached EGP 271 (FY 2013: EGP 306) and
the Average Room Rate (ARR) reached EGP 320 (FY 2013: 357). Nonetheless,