Extraordinary Meeting Summary of Resolutions

EFG-Hermes Holdings SAE

24 May 2023

 

TRANSLATION FROM ARABIC

Summary of Resolutions for the Extraordinary General Meeting

EFG Hermes Holding S.A.E.

Held on May 24^th, 2023

Resolution no.1

The EGM approved the increase of the company's authorized capital from EGP 6,000,000,000 to EGP 30,000,000,000.

Resolution no.2

The EGM approved the increase of the company's issued and paid in capital from EGP5,838,424,030 to EGP7,298,030,040 through the transfer of EGP1,459,606,010 from the retained earnings account as at 31/12/2022 to the capital increase account and distributing  291,921,202 bonus shares representing (1) bonus share for every 4 shares held by each shareholder, and authorized the CEO to determine the bonus shares ex-date in accordance with the FRA, EGX and MCDR procedures.

Resolution no.3

The EGM approved amending articles (6) and (7) of the company's statutes in light of the proposed capital increase as follows:

Article (6) after amendment:

Authorized capital of EGP30 billion and issued/paid-in capital of EGP7,298,030,040 distributed on 1,459,606,008 shares.

Article (7) after amendment:

Issued/paid-in capital consists of 1,459,606,008 shares with a par value of EGP5 per share.

Resolution no.4

The EGM ratified the proposed change in the Company's name from EFG Hermes Holding to EFG Holding, and amending article (2) of the Company's Statutes accordingly.

:For further information

Investor Relations Department

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Head of Investor Relations - Hanzada Nessim

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www.efg-hermes.com

 

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