Sixth of October for Development and Investment "SODIC" E : SODIC receives letter from the Ministry of Housing, Utilities & Urban Communities regarding the 500 acre land plot in New Zayed

News Release

Q3 2021

Cairo, Egypt |18th of July 2021

SODIC receives letter from the Ministry of Housing, Utilities & Urban Communities regarding the 500 acre land plot in New Zayed;

Cairo, Egypt, 18th July 2021; Sixth of October Development & Investment Company S.A.E. "SODIC" ("The Company") received on Thursday, 15th July 2021, a letter from the Ministry of Housing, Utilities & Urban Communities ("The Ministry") regarding the 500 acre plot in New Zayed currently being developed by the company in partnership with the New Urban Communities Authority ("NUCA").

The letter refers to some changes to the New Zayed area plans at large including the development of new projects adjacent to the aforementioned land plot, which would affect the company's project on the plot. Accordingly the location of the 500 acre plot is being adjusted in a way that preserves the nature and all components of the project and maximizes the benefit from these changes. The new location will be presented to NUCA's Board of Directors.

The Company is working closely with all stakeholders and will provide timely updates on any new developments.

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1 | SODIC

News Release

Shareholding Structure as at 30/06/2021

News Release

Q3 2021

Cairo, Egypt |18th of July 2021

About SODIC

Building on a history of more than twenty five years of successful operations in Egypt, SODIC is one of the country's leading real estate development companies, bringing to the market award-winning large scale developments to meet Egypt's ever-growing need for high quality housing, commercial and retail spaces.

38%

5%

17%

14%

10%

7% 9%

Headquartered in Cairo and listed on the Egyptian stock exchange (EGX) under OCDI.CA, SODIC is one of the few non-family owned companies traded on the EGX, with a strong corporate governance framework.

Forward Looking Statements

Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of SODIC. Such statements involve known and unknown risks, uncertainties and other factors; undue reliance should not be placed thereon. Certain information contained herein constitutes "targets" or "forward-looking statements," which can be identified by the use of forward-looking terminology such as "may," "will," "seek," "should," "expect," "anticipate," "project," "estimate," "intend," "continue" or "believe" or the negatives thereof or other variations thereon or comparable terminology. Actual events or results or the actual performance of SODIC may

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differ materially from those reflected or contemplated in such targets or forward- looking statements. The performance of SODIC is subject to risks and uncertainties. Various factors could cause actual results to differ materially from those expressed or implied by the forward-looking statements in this document including worldwide economic trends, the economic and political climate of Egypt, the Middle East and changes in business strategy and various other factors.

SODIC Investor Relations

Contact Information

Omar Nashaat [e-mail] ([phone]

IR website ir.sodic.com