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Bär & Karrer Ltd.

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14 May 2008 - Orascom Development Holding gets listed on SWX

September 2008

Orascom Development Holding AG ("OD Holding" or "the Company"), the newly established Swiss top company of the OD Holding Group, a leading resort and town developer primarily active in the Middle East, was listed on the SWX on 14 May 2008 with a simultaneous flotation on the Cairo & Alexandria Stock Exchanges in Egypt.

Prior to its listing on SWX, OD Holding completed an exchange and tender offer for the shares of the former group parent company, Orascom Hotels & Development S.A.E., Cairo. Concurrently with the listing on SWX, 1,250,000 new shares of OD Holding were offered to investors. Based on the offer price of CHF 152 per share, OD Holding was valued approximately CHF 3.4 billion on the first day of trading on SWX. UBS Investment Bank acted as financial adviser to the Company and was sole bookrunner and lead manager in the offering. Beltone Investment Banking acted as financial adviser to OD Holding in Egypt. The Company was advised by Bär & Karrer as to Swiss law. The team comprised Thomas U. Reutter, Philippe Huber, Sonja Kissling, Ariane Riedi Wirth and Thomas Rohde. Orascom Hotels & Development S.A.E. was advised by Amereller Legal Consultants as to Egyptian law. Homburger acted as Swiss legal adviser to UBS.

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