28.04.2020 – Orascom Development Holding AG

Orascom Development Holding AG: Publication of the Convocation to the Annual General Meeting 2020 and of the 2019 Annual Report.

Orascom Development Holding AG / Key word(s): AGMEGM/AGMEGM
Orascom Development Holding AG: Publication of the Convocation to the Annual
General Meeting 2020 and of the 2019 Annual Report.

28-Apr-2020 / 07:00 CET/CEST
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 Holding AG: Publication of the Convocation to the Annual
General Meeting 2020 and of the 2019 Annual Report.

Altdorf, 28 April 2020 - The Annual General Meeting 2020 of Orascom
Development Holding AG will be held in Altdorf on 20 May 2020. Due to the
extraordinary situation in connection with the Covid-19 pandemic, personal
participation of shareholders at the AGM is excluded. All shareholders may
grant a written or electronic power of attorney with instructions for the
exercise of their voting rights to the independent proxy.

The Board of Directors proposes, among other things, the approval of the
annual report and the statutory and consolidated financial statements for
the financial year 2019 as well as the appropriation of results. All members
of the Board of Directors will stand for re-election. Furthermore, the Board
of Directors proposes to re-introduce authorized capital in the amount of
CHF 65'000'000, corresponding to 13'000'000 registered shares of the

The convocation to the Annual General Meeting has been published today in
the Swiss Official Gazette of Commerce, will be sent by mail to all
shareholders registered in the Company's share register and is available on
the Company's website under the following link:

AGM 2020 Invitation

Additionally, the Company has published today the 2019 Annual Report on its
website. You can find the report under the following link:

Online Annual Report 2019

About Orascom Development Holding (ODH):
Orascom Development Holding (ODH) 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 primary focus on touristic destinations. The Group
currently operates nine destinations: four in Egypt (El Gouna, Taba Heights,
Fayoum and Makadi Heights), The Cove in the United Arab Emirates, Jebel
Sifah and Hawana Salalah in Oman, Luštica Bay in Montenegro and Andermatt in
Switzerland. The shares of Orascom Development Holding (ODH) are listed on
the SIX Swiss Exchange. ODH also launched O West, the latest addition to its
portfolio and its first project in Cairo, Egypt, located in the 6th of
October City.

Contact for Investors:
Sara El Gawahergy
Head of Investor Relations & Strategic Projects Management
Tel: +202 246 18961
Tel: +41 418 74 17 11
Mob: +41 79 156 78 49
Email: ir@orascomdh.com

Contact for Media Relations:
Philippe Blangey
Dynamics Group AG
Tel: +41 432 68 32 35
Email: prb@dynamicsgroup.ch

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'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's results of operations
and on whether Orascom Development Holding will achieve its targets. Orascom
Development Holding 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