Orascom Investment E : OIH Board Meeting Minutes Summary June 15, 2022

Orascom Investment Holding S.A.E.

Established pursuant to the provisions of Law 95/1992

Head Office: Nile City Towers, South Tower,

2005 A corniche El Nile, Ramlet Beaulac, 11221, Cairo, Egypt

Authorized Capital: EGP 2,885,129,841 billion

Issued Capital: EGP 577,025,968.2 (fully paid)

Number of Issued Shares: 5,245,690,620 Commercial register number: 394061 Cairo

Summary of Board of Directors Resolutions

June 15, 2022

On the 15th of June 2022, pursuant to the invitation of Eng. Akil Hamed Beshir - Non-Executive Chairman, the following resolutions were taken via circulation by the Company's Board of Directors ("BoD"), namely:

• Eng. Akil Hamed Beshir, Non-Executive Chairman (independent);
• Eng. Naguib Onsi Sawiris, CEO and Managing Director;
• Eng. Iskandar Shalaby Naguib Shalaby, Executive Board Member;
• Mr. Hassan Mostafa Abdo, Non-Executive Board Member;
• Mr. Ashraf AbdelTawab Salman, Non-Executive Board Member (independent);
• Mr. Oussama Daniel Nassif, Executive Board Member;
• Mr. Mohamed Hamdan Ashmawy, Non-Executive Board Member (independent); and
• Mrs. Wafaa Shoukry Zaklama, Non-Executive Board Member.

• Ms. Nada Yasser Hafez was appointed as Secretary of the Board.

The Resolutions:

First resolution:The Board unanimously ratified the Audit Committee's report on the standalone and consolidated financial statements for the fiscal period starting on 1/1/2022 and ending on 31/3/2022.

Second resolution:the Board unanimously ratified the auditor's report on the standalone and consolidated financial statements for the fiscal period starting on 1/1/2022 and ending on 31/3/2022.

Third resolution:The Board unanimously ratified the Board of Directors' report for the fiscal period starting on 1/1/2022 and ending on 31/3/2022.

Fourth resolution:The Board unanimously ratified the standalone and consolidated financial statements for the fiscal period starting on 1/1/2022 and ending on 31/3/2022.

Fifth resolution:the Board unanimously approved the appointment of Mr. Hussein Senoussy, as Director of Anti-Money Laundering Unit, in accordance with the FRA's Decree no. 2 of 2021, in addition to his other responsibilities; and the appointment of Mr. Haythem El Sayed, Deputy Director, Anti-Money Laundering Unit, in addition to his other responsibilities.

Sixth resolutionthe Board unanimously approved the restructuring of the audit committee to be as follows:

• Mr. Ashraf Salman, Chairman;
• Mr. Mohamed Ashmawy, Member;
• Mrs. Wafaa Zaklama, Member.

Chief Financial Officer

Marwan Mohamed Hussein