4 October 2013

OCI N.V. Announces Results of the First Extension Period of its Local Tender Offer

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OCI N.V. announced today that, as of the close of the local tender offer’s first extension period from 29 September 2013 to 3 October 2013, 2,449,731 ordinary shares in Orascom Construction Industries S.A.E. (OCI S.A.E.) listed on The Egyptian Exchange (EGX) were tendered for cash, while 528,366 ordinary shares in OCI S.A.E. elected to accept the exchange offer for shares in OCI N.V. A total of 2,978,097 shares were tendered, representing 90.21% of the total remaining OCI S.A.E. shares listed on the EGX.

OCI N.V. now owns 98.88% of OCI S.A.E. Following the settlement of the shares tendered during the first extension offer period, OCI N.V.’s issued share capital will increase by the 528,366 ordinary shares that accepted the exchange offer, and will now total 203,963,899. OCI N.V. had earmarked sufficient treasury shares to execute the exchange offer. OCI N.V. intends to cancel the 2,449,731 underlying OCI N.V. treasury shares earmarked for the OCI S.A.E. shares purchased through the cash elections.  

Remaining holders of OCI S.A.E. shares listed on the EGX may contact their broker to elect to tender their shares for EGP 255 per share or to elect to exchange their shares for OCI N.V. ordinary shares during the second extension offer period of 19 January 2014 to 23 January 2014.


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