We refer to the announcements dated 15 May 2024 and 12 June 2024 in relation to the Offer. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.

We wish to announce that the Company had on 6 August 2024, received a press release from AmInvestment Bank, on behalf of the Joint Offerors, informing the Company that the Joint Offerors have elected to waive the Pre-Condition relating to the receipt of merger control approval (whether by lapse of time or express confirmation) from the Egyptian Competition Authority pursuant to Law 3 of 2005 on the Protection of Competition and Prohibition of Monopolistic Practices, as amended by Law No. 175 of 2022 effective December 2022, as set out in Section 2.1.4 of the Pre-Conditional Offer Announcement. 

Notwithstanding the above, the making of the Offer is still subject to the satisfaction (without conditions or on conditions reasonably satisfactory to the Joint Offerors) or waiver by the Joint Offerors of the other Pre-Conditions as set out in Sections 2.1.1 and 2.1.2 of the Pre-Conditional Offer Announcement.

This announcement does not amount to a firm intention to make the Offer by the Joint Offerors, and accordingly, there can be no certainty that the Offer will be made even if the remaining Pre-Conditions are satisfied (without conditions or on conditions reasonably satisfactory to the Joint Offerors) or waived.

Please refer to the attached press release for further details.

This announcement is dated 6 August 2024.

Please refer attachment below.