Orascom Development Holding AG: Generalversammlung genehmigt alle Anträge des Verwaltungsrates Dienstag, 13. Mai 2014 - 07:14

Pressemitteilung

Generalversammlung genehmigt alle Anträge des Verwaltungsrates

Altdorf/Kairo, 13. Mai 2014 - Gestern fand in Altdorf, Schweiz, die 6.
ordentliche Generalversammlung der Orascom Development Holding AG (Orascom
Development) statt. An der Generalversammlung nahmen 296 Aktionäre teil.
Insgesamt waren 62,14% des ausgegebenen Aktienkapitals vertreten.

Sämtliche Anträge des Verwaltungsrates wurden mit deutlicher Mehrheit
angenommen. Insbesondere wurde auch den Statutenänderungen aufgrund der
Verordnung gegen übermässige Vergütungen bei börsenkotierten
Aktiengesellschaften, sowie zur Vornahme einer genehmigten Kapitalerhöhung
stattgegeben.

Alle bisherigen Verwaltungsräte (bis auf Jean-Gabriel Pérès, der nicht zur
Wiederwahl stand) wurden für ein weiteres Amtsjahr bestätigt. Zudem wurden
Jürgen Fischer und Jürg Weber als neue Mitglieder für ein Amtsjahr in den
Verwaltungsrat gewählt.

Für das Geschäftsjahr 2013 wird keine Dividende ausgeschüttet.

Nach dem sehr anspruchsvollen Geschäftsjahr 2013 erwartet die
Geschäftsleitung von Orascom Development keine weiteren Verluste für das
erste Quartal 2014.

Über die Gruppe

Orascom Development ist ein führender Entwickler von integrierten
Ortschaften/Städten, die Hotels, Privatvillen, Wohnungen,
Freizeiteinrichtungen wie etwa Golfplätze und Jachthäfen aber auch
unterstützende Infrastruktur umfassen. Das breit diversifizierte Portfolio
von Orascom Development umfasst Destinationen in acht Ländern (Ägypten,
Vereinigte Arabische Emirate, Jordanien, Oman, Schweiz, Marokko, Montenegro
und Grossbritannien). Die Gruppe betreibt momentan acht Städte: El Gouna,
Taba Heights, Haram City und Makadi in Ägypten, The Cove in den Vereinigten
Arabischen Emiraten, Jebel Sifah und Salalah Beach in Oman sowie Andermatt
in der Schweiz. Orascom Development verfügt über eine Doppelkotierung mit
einer Primär-Kotierung im Hauptsegment an der SIX Swiss Exchange und einer
Zweitkotierung an der EGX Egyptian Exchange.

Kontakte Investor Relations 
Sara El-Gawahergy          
Director of Investor Relations    
Tel: +20 22 461 89 61 
Tel: +41 41 874 17 11     
Email: ir@orascomdh.com      

   
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.

Im Zweifelsfalle gilt die englische Originalversion. 

Press Release

Annual General Meeting approves all Board of Directors proposals

Altdorf/Cairo, 13 May 2014 - The sixth Annual General Meeting of Orascom
Development Holding AG (Orascom Development) was held yesterday in Altdorf,
Switzerland. In total, 296 shareholders took part in the meeting,
representing 62.14% of total share capital.

All proposals put forward by the Board of Directors were approved by a
clear majority. This also includes the proposed changes to the articles of
incorporation relating to the Ordinance against Excessive Compensation in
listed stock corporations as well as the proposed creation of authorized
capital.

All members of the Board of Directors (with the exception of Jean-Gabriel
Pérès) stood for re-election and were confirmed in their office for a
further year. In addition, Jürgen Fischer and Jürg Weber were elected as
new members of the Board of Directors for a one year period.

Furthermore, there will be no dividend payment for the financial year 2013.

After the very challenging financial year 2013, the management of Orascom
Development expects no further losses for the first quarter of 2014.

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.

Investor Relations Contacts 
Sara El-Gawahergy        
Investor Relations Director   
Tel: +20 22 461 89 61
Tel: +41 41 874 17 11    
Email: ir@orascomdh.com         

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.