Orascom Development Holding AG: Sale of land plot in El Gouna for CHF 28.8
million, corresponding to 15.7 times its current book value

Orascom Development Holding AG / Key word(s): Miscellaneous/Miscellaneous
Orascom Development Holding AG: Sale of land plot in El Gouna for CHF 28.8
million, corresponding to 15.7 times its current book value

02-Jul-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement pursuant to Art. 53 LR.

Sale of land plot in El Gouna for CHF 28.8 million, corresponding to 15.7
times its current book value.

Altdorf, 2 July 2024 - Orascom Development Holding (ODH) is pleased to
announce that as part of its efforts to execute the group's strategic
direction of accelerating the monetization of its land bank, its largest
subsidiary in Egypt, Orascom Development Egypt (ODE), has sold 145,266 sqm
of land at El Gouna for a total value of CHF 28.8 million (c. CHF 200/sqm).
The land sale, executed at roughly 15.7 times its book value of CHF 1.9
million, marks a significant milestone for ODH as it represents the most
extensive land sale in El Gouna since 2015. Notably, this land plot is
situated at the backend of El Gouna's developed area. The sale will
positively impact the company's financial statement during Q2 2024.

Omar El Hamamsy, Group CEO of Orascom Development, said: "This transaction
concurs with the Group's strategy of identifying strategic uses for our land
bank while accelerating its monetization and unlocking its hidden value to
the market, a crucial element of our short-and medium-term growth plan. I am
pleased with this milestone, reiterating that our Group owns many assets
with substantial hidden values kept at book value in our financial
statements. This strategic sale is a testament to ODH's commitment to
optimizing value creation and unlocking maximum potential for our
stakeholders."

About Orascom Development Holding AG:

Orascom Development Holding (ODH) is a leading developer of fully integrated
towns, including hotels, private villas, apartments, leisure facilities such
as golf courses, marinas, and supporting infrastructure. Orascom Development
Holding's diversified portfolio is spread over seven jurisdictions (Egypt,
UAE, Oman, Switzerland, Morocco, Montenegro, and the United Kingdom). The
group currently operates ten destinations: five in Egypt (El Gouna, Taba
Heights, Makadi Heights, O-West, and Byoum), The Cove in the United Arab
Emirates, Jebel Sifah and Hawana Salalah in Oman, Lutica Bay in Montenegro,
and West Carclaze Garden Village in the United Kingdom. The shares of ODH
are listed on the SIX Swiss Exchange.

For more information, please visit https://www.orascomdh.com/.

Contact for Investors:

Ahmed Abou El Ella

Director of Investor Relations

Tel: +20 224 61 89 61

Mobile: +20 122129 5555

Email: ir@orascomdh.com

Disclaimer

This press release may contain forward-looking statements based on current
assumptions and forecasts of ODH management. Known and unknown risks,
uncertainties, and other factors could lead to material differences between
any forward-looking statements made here and the actual development,
particularly ODH's results, financial situation, and performance. ODH
accepts no responsibility for updating or adapting forward-looking
statements to future events or developments.


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End of Inside Information

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   Language:       English
   Company:        Orascom Development Holding AG
                   Gotthardstraße 12
                   6460 Altdorf
                   Switzerland
   Phone:          +41 41 874 17 17
   Fax:            +41 41 874 17 07
   E-mail:         ir@orascomdh.com
   Internet:       www.orascomdh.com
   ISIN:           CH0038285679
   Valor:          A0NJ37
   Listed:         SIX Swiss Exchange
   EQS News ID:    1937209

End of Announcement EQS News Service
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1937209 02-Jul-2024 CET/CEST