1. Ministry of Investment www.investment.gov.eg The Asset Management Program

2. Ministry of Investment www.investment.gov.eg Egyptian Reform and Privatization Program ►The Government of Egypt has embarked on a comprehensive Reform Program since the late eighties with the target of transforming the economy from the central planning system to free economy ruled by market forces. ►The privatization program was launched in 1991 as the corner stone of the overall reform program. It started with 314 companies distributed over 27 holding company.

3. Ministry of Investment www.investment.gov.eg No of Transactions Total Sale Value in LE Billion 216 17.9 Achievements of the Privatization Program From 1991 – June 2004 Achievement of The privatization Program

4. Ministry of Investment www.investment.gov.eg ► From July 2004 the new government gathered all tools of investment under one roof which is the new Ministry of Investment. ►The General Authority For Investment (GAFI) ►The Capital Market Authority ►The Stock Exchange ►The Public Enterprise Companies ►Insurance Companies The New Vision

5. Ministry of Investment www.investment.gov.eg ► In an attempt to increase efficiency of public enterprises to operate in a competitive market controlled by supply and demand, ► and in an attempt to attract local, regional and foreign direct investment, The Ministry of Investment has adopted from July 2004 the Asset Management Program. The New Vision

6. Ministry of Investment www.investment.gov.eg 1.Offering public assets, shares and companies for sale with overall consideration of public welfare and labor rights 2.Restructuring public enterprises according to scientific, economic and technical feasibility studies. 3.Emphasizing the Corporate Governance principles and guidelines in operating state owned companies. The Asset Management Program has adopted three main pillars The Asset Management Program from July 2004

7. Ministry of Investment www.investment.gov.eg Public Enterprise Companies Public shares in Joint Ventures Unutilized Assets in Public Enterprises Affiliated Companies to other ministries where Ministry of Investment provides technical assistance in the sale process The Asset Management Program offers a diversified portfolio of investment opportunities in the form of : The Asset Management Program from July 2004

8. Ministry of Investment www.investment.gov.eg The Asset Management Program

9. Ministry of Investment www.investment.gov.eg Achievements of The Asset Management Program From July 2004 - June 2005 No of Transactions Total Sale Value in LE Billion 28 5.6 The Asset Management Program

10. Ministry of Investment www.investment.gov.eg Achievements of The Asset Management Program From July 2005 - May 2005 No of Transactions Total Sale Value in LE Billion 57 14.5 The Asset Management Program

11. Ministry of Investment www.investment.gov.eg Achievements in the Banking Sector From July 2004 - May 2006 The Asset Management Program Transactions Total Sale Value in LE Million NSGB535.6 MIBank873 EAB985 CIB 1303 Total3696.6 In cooperation with the Central Bank of Egypt and the banking sector, the Egyptian Asset Management Programme successfully supervised and monitored the sale of the four major Joint Venture Banks from Feb. 2005 till Feb 2006 as follows:.

12. Ministry of Investment www.investment.gov.eg The Asset Management Program for the year 2005/2006 includes 45 Public Enterprise Company and public shares in 57 Joint Ventures operating in different and attractive sectors as follows : Future plans Petrochemicals Banking Chemical Indst. Construction Food Industries Transport Services Metallurgical Indst Tourism

13. Ministry of Investment www.investment.gov.eg Investment Opportunities Within The Asset Management Program

14. Ministry of Investment www.investment.gov.eg Petrochemicals

15. Ministry of Investment www.investment.gov.eg (60%) Sidi–Krare for petrochemicals – SIDPEC The company works in the field of production of primary & Intermediate & Final petrochemicals Main Activities: The capital issued in L.E equal to 1.2 billion. Total shares are 10.2 Million. The share par value is 100L.E. The company is not listed in the Stock Market. Financial Status and Stock Market: National Bank of Egypt Authorized to sell: Financial Indicators In million LE Statement200220032004 Fixed Assets201918651705 Revenues65610131665 Net Profit638288734 Net Equity104613281837

16. Ministry of Investment www.investment.gov.eg (60%)Alexandria for Metallurgical Oil Co. (AMOC) Main Activities: Financial Status and Stock Market: Authorized to sell: Financial Indicators Production of Metallurgical Oil (Equalized, Special, Absolute & Final) & Paraffin Wax Products & Marketing it inside & outside Egypt. The capital issued in L.E 820 Million. Total shares are 8.2 Million. The share par value is 100L.E.The Company is not listed in the Stock Market National Bank of Egypt Statement200220032004 Fixed Assets112712161859 Revenues The company under experiment run 267129 Net Profit299 Net equity822824924 In million LE

17. Ministry of Investment www.investment.gov.eg (84%) Alexandria for Specialty Petroleum Products Co. (ASPC) Main Activities: Financial Status and Stock Market: Authorized to sell: Financial Indicators Install, Run, Management Petrochemical Assemble The capital issued in L.E 200 Million. Total shares are 20 Million. The share par value is 100L.E. The company is not listed in the Stock Market. National Bank of Egypt Statement200220032004 Fixed Assets78 183 RevenuesThe Company under experimental run Net Profit-11 Net Equity214202190 In million LE

18. Ministry of Investment www.investment.gov.eg Banking

19. Ministry of Investment www.investment.gov.eg (37%) Egyptian Saudi Finance Bank Performing all banking services & financial transactions The capital issued in L.E. equal to 150 Million. Total shares are 2142871. The share par value is L.E. 7 The Bank is listed in the Stock Market. & shares Circulation activated Bank of Alexandria Statement200120022003 Fixed Assets757371 Revenues696143 Net Profit11022 Net Equity156168169 Main Activities: Financial Status and Stock Market: Authorized to sell: Financial Indicators In million LE

20. Ministry of Investment www.investment.gov.eg Tourism Sector

21. Ministry of Investment www.investment.gov.eg Constructing hotels mainly connected with international hotel chains which take over the management of constructed hotels such as the Hilton Hotel. It also constructs tourist villages and entertainment parks Statement200220032004 Revenues374844513361548 Net Profit247532960433011 Main Activities: Financial Indicators In thousand LE Sale Delegate Misr Hotels Co. Holding Company for Housing, Tourism & Cinema The capital issued in L.E. equal to 49.5 million Financial Status and Stock Market:

22. Ministry of Investment www.investment.gov.eg Statement200220032004 Revenues906489948081369 Net Profit365544073340134 Main Activities: Financial Indicators In thousand LE Sale Delegate El Maamoura Housing land reclamation, Housing, construction of touristic sites, leasing and investing agricultural land, as well as sale or renting lands. The capital issued in L.E. equal to 75 million Financial Status and Stock Market: Holding Company for Housing, Tourism & Cinema

23. Ministry of Investment www.investment.gov.eg (48%) Building Hotels, tourism village, Motels, restaurants, casino & complementary services for these constructions like entertainment tools, commercial stores & shops also building & installation for these construction & Managing it The capital issued in L.E equal to 100 Million. Total shares are 1Million. The share par value is 100L.E. The company is listed in the Stock Market & shares circulation activated. Statement200220032004 Fixed Assets159157114 Revenues102131 Net Profit91822 Net Equity199214225 Main Activities: Financial Status and Stock Market: Authorized to sell: Financial Indicators In million Holding co. for Housing Tourism & Cinema Rowad Misr for Tourist Investment

24. Ministry of Investment www.investment.gov.eg The Site is between the Mediterranean coast and the North Africa international highway 125 km west of Alexandria and 280 km north of Cairo Objective: The objective of the project is to develop the plot into a tourist Attraction point for European & Arabs Sidi Abd El-Rahman Gulf (El Alamin)

25. Ministry of Investment Chemical Industries www.investment.gov.eg

26. Ministry of Investment www.investment.gov.eg (46%) Egyptian Financial and Industrial Co. Manufacture Producing chemical materials and fertilizers The capital issued is L.E. 259.9Million. Total shares are 6497028. The share par value is L.E. 40.The Company is listed in the Stock Market & shares circulation activated Statement200120022003 Fixed Assets391443471 Revenues200222288 Net Profit424854 Net Equity487500518 Main Activities: Financial Status and Stock Market: Authorized to sell: Financial Indicators In million LE Holding Co. for Metallurgical Industries

27. Ministry of Investment www.investment.gov.eg (46%) The company is the producing paints, varnishes, printing inks, and animal bone products. The capital issued is L.E. 200 millions. Total shares are 20 Million. The share par value is L.E. 10.The Company is listed in the Stock Market. & shares circulation activated Holding Co. for Chemical Industries Statement200220032004 Fixed Assets272523 Revenues302313 Net Profit635564 Net Equity427421424 Paints and chemical industries (PACHIN) Main Activities: Financial Status and Stock Market: Authorized to sell: Financial Indicators In MILLION LE

28. Ministry of Investment Construction www.investment.gov.eg

29. Ministry of Investment www.investment.gov.eg (22%) Portland Tora Cement Manufacturing & producing all types of cement The capital issued in L.E. equal to 238,414,000. Total shares are 23,841,400. The share par value is L.E. 10 The Company is listed in the Stock Market & shares circulation activates. Banque Misr Statement200120022003 Fixed Assets957977978 Revenues502461510 Net Profit1003554 Net Equity734644669 Main Activities: Financial Status and Stock Market: Authorized to sell: Financial Indicators In MILLION LE

30. Ministry of Investment Metallurgical Industries www.investment.gov.eg

31. Ministry of Investment www.investment.gov.eg (71%) Suez Steel Company Producing steel by fusion in electric furnaces The capital issued in L.E. equal to 136.5 Million. Total shares are 1364616. The share par value is L.E. 100 The Company is not listed in the Stock Market. & shares Circulation inactivated Banque du caire Statement200120022003 Fixed Assets468470 Revenues244315247 Net Profit-47-37-44 Net Equity83451 Main Activities: Financial Status and Stock Market: Authorized to sell: Financial Indicators In MILLION LE

32. Ministry of Investment www.investment.gov.eg Future Plans ►Bank of Alexandria is currently being Offered for sale as the first State owned bank being privatized. ►The Insurance sector is currently being restructured to offer one of its companies for sale.

33. Ministry of Investment www.investment.gov.eg The Sale Procedures The Ministry of Investment has modified asset and companies sale procedures to ensure : ►Speed ►Efficiency ►Transparency To materialize these principles, all necessary decrees and regulations have been issued and the result is : ONE Entity monitoring and coordinating the sale process. ONE entity specialized for endorsing valuations. ONE set of procedures that is unified, generalized and published for the selling process.

34. Ministry of Investment Thank You www.investment.gov.eg