Orascom Investment Holding announces the completion of the

sale of its shares in TWA

Cairo, January 25th, 2022: Orascom Investment Holding S.A.E ("OIH") announced today the fulfillment of the conditions precedent pertaining to the sale of its shares in its subsidiary "Trans World Associates Ltd." ("TWA"), registered in the state of Pakistan, and consequently the completion of the relevant sale process. It is worth noting that the net proceeds of the aforementioned sale amounts to approx. USD 35 million and equivalent to approx. EGP 550 million.

OIH's management is currently exploring different opportunities, that are in line with OIH's investment strategy, to invest the sale proceeds and maximize the company's profits and increase the shareholders' value. OIH will announce the details of such investment opportunities upon completion of the necessary studies and taking the relevant investment decisions.

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About Orascom Investment Holding (Orascom Investment)

Orascom Investment Holding has been operating as a holding company with investments mainly in the telecom, media & technology and cable businesses since its establishment in 2011. Born out of the split of assets between OTMTI and VEON (formerly known as Vimpelcom), Orascom Investment holds the legacy of the region's most successful telecoms operator. As the industry matured, Orascom Investment recently adopted a new direction to diversify its portfolio from a solely Telecom and Technology based firm to an Investment Holding company.

Orascom Investment Holding invests in industries that are critical to the future and is currently exploring opportunities across Egypt, Africa and the Middle East.

Wherever we invest, we will always aspire to transform lives to make a lasting contribution to sustainable economic development.

For More Information:

Media Relations, Orascom Investment Holding

Nile City Towers, South Tower, 29th Floor

2005A Corniche El Nile, Ramlet Beaulac, 11221 Cairo, Egypt E-mail: investorrelations@orascomih.com

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Orascom Investment Holding SAE published this content on 26 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2022 10:55:03 UTC.