TITANCEMENT EGYPT

Minutes of the Ordinary General MeetingAugust 28,2018

VenueDateTime

: Novotel Cairo Airport Hotel- Cairo -- A.R.E.: Tuesday, August 28, 2018: 03:00 PM

Attendees:The Ordinary General Assemblv was attended by:Representatives of Alexandria DevelopmentLimited

1. Mr. Sokratis Baltzis - Chairman & Head ofthe OGM2. Mr. Farouk Naser - Board Member

Independent Board Members:3. Mr. Maher Bebars - Board Member

Did not attend4. Mr. Mohmed Magdy ElBatity- Board Member and

delegated Mr. Maher Bebars, Board Member, toattend and vote on his behalf.

Members absent from the meeting:5. Mr. Loukas Petkidis - Vice Chairman6. Mr. Michail Sigalas - Board Member7. Mr. Michael Colakides - Board Member

The meeting was also attended bv the followingrepresentatives of official bouies:

Mr. Khaled Mostafa - representative of Misr forClearing Settlement and Central Depository.

Meetin- Mr. Khaled Badawy - CEO

-CFO

Mr. Sokratis Baltzis, Chairman and Head of the OGM haswelcomed the attendees of the shareholders andrepresentatives of official authorities.

The agenda of the meeting was proceeded as follows:The Chairman proposed nominating Mr. Ibrahim Naguibas OGM Secretary who was approved by the presentshareholders.

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~ TITAN~ E ENT EGYPT

Also proposed to nominate:a) Mr. Mohamed Ali Husseinb) Mr. Bassem Mohamed Ali

as vote collectors whom have been approved by the presentshareholders.

The Chairman of the OGM has requested from the votecollectors to calculate the number of shares present at themeeting, and after counting the number of shares by theexternal auditor of the company, it was declared that:

Number of shares of the company 257,057.470ordinary shares.The number of shares represented in the meetingare 252,284,914 sharesAttendance 98 %

After ensuring the required quorum of the OrdinaryGeneral Meeting, the Chairman started the meeting.

Events of the meeting:

a) The Secretary ofthe assembly presented the agenda ofthe meeting, which has been distributed with the OGMinvitation to shareholders. The invitation has beenpublished in Al Boursa and in El Mal newspapers on02/0812018 (first notification) and in El Alam ElYoum and El Wafd newspapers on 09/08/2018(second notification). The following meeting agendawas approved:

1. Board of Directors' report for the financial periodended 3010612018.

2. Approval of the financial statements of the Companyfor the financial period ended on 3010612018.

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The General Assembly did not receive any questions onthe due dates, the attendees were given the opportunity toraise inquiries received by the shareholders which wereanswered by the Chairman of the Board of Directors andthe members of the General Assembly of the Company.

After discussion, the OGM decided the following:

I. Approve the Board of Directors report for thefinancial period ended 30106/2018.

2. Approve the company's financial statements forthe financial period ended 30106/2018.

3. Approve the external auditor's report of thecompany's financial statements for the financialperiod ended 30106/2018.

The General Assembly approved the mentionedresolutions,

The EGM approved to delegate Mr. Moharned Ali Hussein,Mr. Bassern Moharned Ali and Alliance Law Firm: Mr.Islam Fathalah Mohamed, Mr. Omar Mohamed KhaledAbdel Rahman Farid, Mr. Mostafa Taha Abdel Rahman,Mr. Karim Gaber Abdel Hamid Ghorab and Mr. YehiaAhmcd Abdalah Darwish, jointly Of severally inauthenticating these minutes before the General Authorityof Investment and Free Zones. They have also the right tosign, severally, to include any modifications in the OGMresolutions that the official bodies m~~WJi~, ey are

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have the right to take any n ", re \),#,t--P< all to., ..., (.:;;r:; ~...-.Jauthenticate these minutes before an ~l" ".SIJ ody.

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~TI"''A.NCt:MENT EGYPT

Alexandria Dort/and C' . ement Co.

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At the end of the discussion, the Board of Directors and theOGM of the Company thank the employees of theCompany and the Executive Board for their efforts,wishing them success and progress.

The Ordinary General Assembly of Alexandria PortlandCement Company was adjourned at 4:00 PM on TuesdayAugust 28, 2018.

Sokratis Baltzis - Chairman of the OGM

Ibrahim Naguib - OGM Secretary

Vote Collectors:

Mr. Mohamed Aly Hussein

Mr. Bassem Mohamed Aly

External Auditor

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that I'm in full legal responsibility f~l~{£h~t ~~~;~;\nt~i I· \ \,.,'."- ,;.~\\\ /.:\

in the meeting of information, facts a~_d\prd~~~~~~;i;Ji fa e

of third-party, shareholders or the ~b·~!i~.\~~~or

Investment and Free Zones '---

Sokratis Baltzis - Chairman ofthe OGM

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