Chairman of the Board sees attractive investment opportunities in Egypt

Cairo, Egypt May 25, 2009

In an effort to further strengthen their presence in Egypt, Delta Rasmala has relocated its Egypt headquarters to Smart Village.

“Smart Village provides the ideal environment for Delta Rasmala’s growing business in Egypt.  The state of the art and purpose built Delta Rasmala building has 4 spacious floors of office space and provides a very pleasant work place for our valuable team.”  Said Nabil Kamhawi, Delta Rasmala’s Chairman.  “We are very positive for the prospects of our business in Egypt in the medium and long term, despite the recent market conditions,” he added.

“In Private Equity, we see very attractive opportunities to partner with some leading Egyptian companies, while In Corporate Finance, we believe our advisory business will expand as we see companies looking to merge with each other and business owners seeking private capital to fund their businesses given the limited availability of bank financing.” Commented Kamhawi, “We believe that the Egyptian stock market has many attractive opportunities where our asset management and brokerage businesses can further develop.”

Mr. Nabil Kamhawi was appointed in January 2009 as Chairman of the Board of the three Delta Rasmala companies in Egypt, each of which has its own Managing Director to oversee the day to day management, operation and business activities. Until recently he was the Managing Partner of Ernst and Young in Egypt, which he joined in 1992, and a member of the Management Committee for Ernst and Young in the Middle East.