[PPT] - Investor Presentation August 2014 All figures as at end of Q2-2014, PowerPoint Presentation

SLIDE 1

Investor Presentation

August 2014

All figures as at end of Q2-2014, unless otherwise stated

SLIDE 2

Outline

2

1. Egypt Macroeconomic & Real Estate Sector Overview
A. Egypt Macro Economic Update
B. Egypt Real Estate Update
2. Introduction & Corporate Updates
A. SODIC Overview
C. 2014 Corporate Strategy
D. 2014 Achievements & Targets for H2 2014
F. Capital Increase Mechanics
3. Land Bank & Launched Projects Profile
A. Land Bank Location & Utilization
B. Launched Projects’ Highlights
C. New Acquisition: 301 Acres
D. Westown & Eastown Updates
5. Annex
A. Egypt Macroeconomic Indicators
B. Board of Directors and Executive Management
C. Shareholder Structure & Share Performance
D. Awards
4. SODIC Operational & Financial Overview
A. Sales Performance & Unrecognized Revenues
B. Launched Projects’ Profitability
C. Execution & Delivery
D. 2014 H1 Vs. 2013 H1
B. Organizational Strengths
E. Share Performance Vs. EGX 30

SLIDE 3

Egypt Macroeconomic & Real Estate Sector Overview

3

SLIDE 4

Egypt Macroeconomic Update1

Planned government initiatives to address long-standing economic issues

4 The government has embarked on a number of schemes that aim to address economic issues These initiatives are expected to have positive effects on macro economic indicators

Recent Government Initiatives Subsidy Reforms

In July 2014, the Egyptian government kicked off a

much-awaited fiscal consolidation, aiming to bring the fiscal deficit towards a sustainable path and revive economic growth. The approved measures constitute:

Rationing wide-range of fuel products
Re-pricing of electricity and outlining a five-year

plan for phasing out fuel subsidies

Increasing sales taxes on tobacco and alcohol

1

Item Annual Saving (EGP Bn) Diesel 16.8 Gasoline 8.9 Fuel Oil 4.0 Natural Gas 3.7 Electricity 8.5 Cigarettes & Alcohol 4.5 Total 46.4 % of GDP 2.0%

Mortgage Finance

2

The government is stimulating private and household credit through the

launch of an EGP 10bn programme by CBE to promote mortgage finance

The programme would lend banks funds at preferential rates for

maturities of more than 10 years that would be utilized in the financing mortgage for low and middle income families

Suez Canal & New Road Network

The government recently announced to build a new Suez Canal alongside

the existing 145-year-old historic waterway with an estimated cost of USD 8.2 bn (including building underground tunnels) to be completed in five

years. The new canal is set to boost annual revenues to USD13.5 bn by

2023 from USD5.2 bn in FY12/13

3,600 KM of new roads to be constructed at a cost of EGP 36 billion

On-going Talks With Bretton Woods Institutions

President Al-Sisi has decided to

renew talks with the IMF & World Bank and hired western advisors to advise on policy decisions

Macroeconomic Indicators Real GDP Growth

5.2% 1.8% 2.2% 2.1% 2.3% 3.3% 4.5% 09/10A10/11A11/12A12/13A 13/14E 14/15F 15/16F

Budget Deficit (%GDP)2

8.1% 9.8% 10.8% 13.7% 12.0% 12.0% 10.4% 09/10A10/11A11/12A12/13A 13/14E 14/15F 15/16F

Inflation

12% 11% 9% 7% 10% 10% 8% 09/10A 10/11A 11/12A 12/13A 13/14E 14/15F 15/16F

1 Source: IMF, Bloomberg, Reuters, EFG Hermes Research 2 Expected budget deficit is based on press release by the Ministry of Finance

“The World Bank Group (WBG) is preparing to form a new partnership strategy with Egypt to guide the group’s engagement in the country for the next five years. The group stated that the Country Partnership Strategy (CPS) was launched on Wednesday in collaboration with the Egyptian government.” DNE, March 8, 2014

3 4

SLIDE 5

Egypt Real Estate Market Update1

Young population to fuel growth

5 A large and growing population is Egypt’s key asset compared to its MENA counterparts Unlike aging economies, Egypt is likely to exhibit a strong working age population growth over the coming period

Market Drivers Remain Intact

Population & Growth Vs Arab States

1 Source: CAPMAS, IMF, US Census, Central Banks of respective countries and Industry reports; Data as at 31/12/2013.

Demographics Annual Marriages (‘000) Mortgage Penetration

Egypt benefits from an attractive demographic profile due to its large and growing young population The increasing marriage rate and urbanization levels have resulted in an increased demand for housing units, With significantly below average leverage levels, the sector is expected to witness enhanced demand especially when considering recent government initiatives relating to mortgage financing

87 33 32 28 25 5 4 3 2 2% 1% 1% 2% 3% 5% 3% 2% 6%

10

20 30 40 50 60 70 80 90

Population (mn) Growth (%)

World Average: 1.2%

21% 22% 20% 13% 11% 7% 4% 2% 21% 23% 19% 13% 11% 7% 4% 2%

25% 15% 5% 5% 15% 25% <10 10-20 20-30 30-40 40-50 50-60 60-70 >70

Female Male

Young population (around 60% below the age of 30)

778 848 898 933 2009 2010 2011 2012 2% 2% 5% 6% 6% 8% 15% 17%

SLIDE 6

Egypt Real Estate Market Update1

Key fundamentals

6 The real estate market is underpinned by real demand and limited speculation with a large supply-demand gap

Market Characteristics/Trends

1 Source: Jones Lang LaSalle, EFG Hermes research, CAPMAS, American Chamber.

Most of demand seen in new urban communities / satellite cities (e.g. East- Cairo, West-Cairo, Shorouk, etc) These cities offer high quality newly constructed homes within a fully functional community, offering necessary amenities and facilities (e.g. schools, shopping centers and medical centers) and supported by emergence of new business districts (e.g. Smart Village near 6th of October)

Market characterized by a small number of densely populated cities, with low urbanization. Cairo is one of the most

dense metropolitan areas in the world

Sales are supported by a large population with an increasing number of marriages to spur demand
Strong pent-up demand still not matched by equal supply (estimated at not less than 200k units annually)
Inefficiencies of public sector players led to emergence of a number of mega private sector developers
Summer 2014 witnessed an increasing demand for secondary homes

Gross Pre Sales for Key Developers (EGP million) Vs. FX Rate

SLIDE 7

7

Introduction & Corporate Updates

SLIDE 8

SODIC Overview

A fully integrated real estate developer specialized in building complete communities
IPO in 1996, non-family owned, largest shareholder owning 13%
Diversified Launched Project Portfolio:
6 residential projects comprising 4,400 units
2 retail projects comprising 43,000 sqm of BUA
1 commercial project comprising 70,000 sqm of BUA
In-House execution capabilities: Design, Construction Management, and Facility Management
I

Brief Overview

SODIC, Egypt’s trusted developer, emerging stronger post revolution

MCap of some EGP 3.5 billion, with a diversified shareholder base 9 launched projects with

ver 5,000 residential

units valued at EGP 11 billion SODIC’s Egypt raw land bank expected to generate some EGP 17 billion of residential sales YTD stock performance of +89% 8

Company Highlights

EGP 10.2 billion1
4,542 units contracted

Contracted Sales

1,705 units delivered1
Delivering seven projects in West Cairo, with one project in East Cairo

Delivery

EGP 4 billion of receivables
EGP 5.1 billion of unrecognized revenues

Backlog

3.6 million sqm of undeveloped land
Newly acquired plot of 1.26 million sqm in New Cairo

Egypt Land Bank

EGX/EGM approved EGP 1 billion capital increase to existing shareholders
3 debt facilities secured with a value of EGP 2.2 billion

Funding

1 Since inception; Excluding Beverly Hills Project.

SLIDE 9

Organizational Strengths

Ability to take a project from concept to delivery
Depth of in-house capabilities including:
Market research
Product Development/ Design
Finance
Licensing & permitting
Sales
Procurement & Construction Management
Delivery & Operation

A developer building on the positives and tackling the challenges

Fully Integrated Developer

Strength Description

Proprietary, Honed Process
Efficient management of input from all stakeholders

achieving optimal business cases

Emphasizing on coordination between project

development and sales team

Efficiencies & capabilities to standardize processes,

evolve & optimize products

Process Driven Development

Successful navigation through different market

conditions including:

Boom (2006-2008)
Global Recession (2009)
Revolution Year (2011)
Post Revolution, Political/Economic Unease
Revolution Continues (2013)
Stability (Post presidential elections - 2014)

Full Cycle Experience

9

Post-revolution strategy shift of launching market-tailored projects

New market needs

Extensive interviews/focus groups with

potential customers

Competition Research/ Sales Analysis
Review of SODIC’s experience during the

2009 recession

Assessments

4 key elements to target “Upper Middle Income Class”

Affordability
Functionality
Exclusivity
Safety

Outcomes

New products with ticket price of EGP 0.8 – 2.8 million

Efficient structural design & construction
Higher densities
Smart design with unique features

Actions

Unparalleled success of WTR I - X

Some EGP 4 billion of sales1
Higher margins
Quicker process
Market leader

Results

1 Includes all phases in WTR & ETR projects since launch to 30/6/2014, some 2,430 units.

SLIDE 10

2014 Corporate Strategy

With a raw land bank of 3.6 million sqm1, SODIC is perfectly positioned for growth

10

1 Excluding 1.56 million sqm in Syria. 2 Includes EGP 1.1 billion of land payments

Development

SODIC Corporate Business Units Strategic Initiatives

Sales & Marketing Execution Finance

Develop functional,

affordable, community centric products

Increase densities to

improve land utilization

Shift from primarily

residential to mixed use developer

Develop world class

master plan for the 301 Acre plot

Maintain “Market

Leader” Positioning

Increase the SODIC

Family of Brands

Interaction with

development ensuring best product offering

Prepared team for EGP

1.2 billion of new launches ( H2 2014)

Spend EGP 1.9 billion

in 20142

Deliver 441 units (310

West, 131 East)

Maintain reputation

for delivery ahead of schedule

Bolster in house

capabilities to reduce construction costs

Preparations for swift

execution post 301 plot launch

Swift drawdown to

support timely execution

Finalize securitization

transaction (EGP 150 million)

Improve internal book

keeping to eliminate future surprises

Conclude EGP 1 billion

capital increase (October 2014)

Leveraging platform; Bringing to market some EGP 17 billion of new residential inventory Expected Outcome (3-6 Years) 1 Collect some EGP 4 billion of receivables from existing sales; Maintain collection rate of over 90% 2 Timely execution spending, delivering more than 8,000 residential units 3 Positive free cash flows to equity post 2016 4 Increase recurring income portfolio (retail + commercial) 5

Facility Management

Maintain best in class

customer service experience

Enhance value added

services

Penetrate secondary homes & secondary city markets 5

SLIDE 11

2014 Achievements – Monthly Timeline & Targets for H2 2014

Securitization Signature: first real estate securitization transaction with 2 leading local banks (EGP 150 million)
3 mega villas sold in Allegria worth EGP 52 million; 27 offices sold in The Polygon worth EGP 79 million

January March April May June February July

Month Description

Amicable Settlement with Solidere International (SI) unlocking 250,000 sqm of land in the heart of Westown,

expected to generate some EGP 1.3 billion of sales

Westown Residences Phase X launch worth EGP 531 million selling out
SODIC West Syndication Drawdown: Tranche A worth EGP 330 million, refinancing 3 existing facilities
Eastown settlement with Ministry of Housing for an additional payment of EGP 900 million over 7 years

unlocking some EGP 5 billion of residential inventory

Financial cleansing: reversal of non performing land sales & fully impairing Syria’s investment (FY 2013)
Ripplewood acquires 9.4% stake in SODIC (previously owned by EFG)
Eastown Residences (ETR) Phase V launch worth EGP 246 million selling out
301 Acre award letter received from New Urban Communities Authority
ETR Phase VI launch worth EGP 359 million selling out
EGX approves capital increase subject to EGM approval
Signature of EGP 950 million loan with AAIB (301 Acre); EGP 255 million drawdown in less than 2 weeks
EGM approves EGP 1 billion capital increase to existing shareholders
Signature of EGP 300 million loan with CIB (SI Blocks); Preliminary indications for positive ratings for Egypt’s

first real estate securitization issuance

11

Targets for H2 2014

Successful closure of the EGP 1 billion capital increase
Launch EGP 1.2 billion of residential inventory across 3 projects
Deliver some 210 units
Swift drawdown to support timely execution (EGP 1.2 billion of undrawn facilities)

SLIDE 12

Share Performance Vs EGX 30 (Rebased)1

SODIC’s achievements reflected positively on the stock performance, YTD +89%

12

1 As at 12/8/2014.

Q1 2014

SODIC Quarterly Performance: +14% EGX 30 Quarterly Performance: +15%

Solidere settlement
WTR Phase X launch
Syndication drawdown

Q2 2014

Quarterly Performance: +28% EGX 30 Quarterly Performance: +5%

Eastown settlement
301 Acre award letter
EGX approves capital

increase

ETR Phase V/VI launch
Ripplewood acquires 9.4%

July/Aug 2014 +24% +14%

EGM approves

capital increase

301 Acre loan &

down payment

CIB loan
Positive Q2 results

80 100 120 140 160 180 200 2-Jan-14 9-Jan-14 16-Jan-14 23-Jan-14 30-Jan-14 6-Feb-14 13-Feb-14 20-Feb-14 27-Feb-14 6-Mar-14 13-Mar-14 20-Mar-14 27-Mar-14 3-Apr-14 10-Apr-14 17-Apr-14 24-Apr-14 1-May-14 8-May-14 15-May-14 22-May-14 29-May-14 5-Jun-14 12-Jun-14 19-Jun-14 26-Jun-14 3-Jul-14 10-Jul-14 17-Jul-14 24-Jul-14 31-Jul-14 7-Aug-14 EGX SODIC

SLIDE 13

Capital Increase Mechanics

Capital increase through rights issue to existing shareholders

Offer Type Offer Size Pre/Post No. of Shares Pre/Post Paid In Capital Offer Price Trading of Rights Use of Proceeds

Item Description

Rights will be tradable on EGX
EGP 1 billion, divided into 250 million shares
90,672,985 / 340,672,985
362,705,392 / 1,362,705,392
EGP 4.0 (Par), excluding issuance fees
Expanding the company’s land bank through
Recently awarded 301 acre plot in New Cairo
Mansoura Mall (and/or similar opportunity)
Proceeds will not be used to pay the remaining Eastown settlement amount

13

Subscription Ratio

275.7%

Benefits of

ffering
Land bank growth; enhancing company valuation
Adding a recurring income component
Reducing share price/ enhancing liquidity
Availability of tradable rights minimizes dilution risks for non-participating shareholders

SLIDE 14

Land Bank & Launched Projects Profile

14

SLIDE 15

Land Bank Location & Utilization

Diversified prime locations, unencumbered, low-cost base, & 54% utilized

Location

Sheikh Zayed/Sixth of October

Utilized Raw Description

5.75 mln sqm 1.78 mln sqm1 Corner of Dahshour Road & Cairo-Alex Road New Cairo 0.42 mln sqm2 1.82 mln sqm Eastown & 301 Acre Plot Syria

1.56 mln sqm

Proportionate to ownership – Fully impaired

Total 6.17 mln sqm 5.16 mln sqm

Egypt Land Bank Advantages Low Cost Base3 Prime Locations

Located in premium city spots at East/West Cairo Average cost of USD 75 per sqm of gross land

54% utilized of total land bank

1 Consists of 525,000 sqm in Sheikh Zayed & 1,260,000 sqm in KM 42 Cairo-Alex Road (El Yousr land/Esplanade West). As at 30/6/2014. 2 Kattameya Plaza Project (126,000 sqm) and ET Residences Phases I-IV (291,754 sqm). As at 30/6/2014. 3 For Egypt land bank only.

15

Dispute Free

Egypt land bank is free of any legal encumbrances

SLIDE 16

Since 2006 SODIC successfully launched 9 projects; diversified project portfolio

Project Description

Residential single-family units
Launched 5 phases
1,254 units
High-end apartment buildings
Includes hotel, retail and commercial buildings
133 units
Various types of residential units
Launched 10 phases
1,391 units
Upper middle class apartment buildings
Includes a retail complex
466 units
Integrated mixed-use office park
Sales to lease ratio of 77%
250 offices (office space ranging from 70 sqm to 200 sqm )
Retail stretch mall offering multiple shop categories and eateries over seven zones
Sales to lease ratio of 78%
Launched 2 phases comprising 84 units
Entertainment retail complex
100 % lease
47 units
Various types of residential units
Launched 6 phases
1,123 units

16

Launched Projects Highlights

Allegria Forty West Eastown Residences Kattameya Plaza The Polygon The Strip WT Hub Westown Residences

SLIDE 17

New Acquisition: 301 Acre Plot

SODIC envisages a “hip/trendy,” upscale suburban village, targeting young affluent families

Project Brief Renders

Location: New Cairo
Adjacent to Emaar’s Mivida
Gross Land Area: 1.26 million sqm
Development Vision: A relaxed suburban development with an

active social center. The development will offer a variety of sports activities with a special focus on kids entertainment facilities.

Master Planning:
Houston, USA based SWA
Project Financials (subject to master plan finalization):
Residential land area: 1.03 million sqm
Residential sales: EGP 9.5 billion
Residential development cost: EGP 5.8 billion1
Sales time line: 5 years
Starting delivery dates: H2 2018

17

1 Includes the total land cost of EGP 2.9 billion.

Surrounding Projects Location

SLIDE 18

Westown & Eastown Update

Cairo’s top destinations

Project Status

18

Master Plan Westown

Gross Land Area: 1,223,620 sqm
Launched Area: 718,334 sqm
Non Launched Residential Area: 339,389 sqm
Non Residential Area: 165,897 sqm
Contracted Units: 3,029 units
Launched Projects: Allegria, Forty West, The Polygon,

Westown Residences (Phases I to X), Westown Retail Hub

Contracted Sales: EGP 7.6 billion
Development Time Frame: Ends January 2017
Future Residential Launches: EGP 2.5 billion

Eastown

Gross Land Area: 857,964 sqm
Launched Residential Area: 292,718 sqm
Non Launched Residential Area: 406,687 sqm
Retail/Commercial Area: 158,559 sqm
Number of Residential Units: approx. 2,550 units
Launched Phases: Eastown Residences Phases I to VI
Contracted Sales: EGP 1.7 billion (1,073 units)
Development Time Frame: Up to 5 years (from April 2014)
Future Residential Launches: EGP 3.5 billion

SLIDE 19

SODIC Operational & Financial Overview

19

SLIDE 20

Sales Performance & Unrecognized Revenues1

FY 2014 is expected to be slightly higher than FY 2013

2013

Some EGP 10.2 billion of net sales since 2008 of which 50% yet to be recognized

Annual Net Sales (EGP Million)

20

1 Monthly Sales from January 2008 to June 2014. Unrecognized revenues accounting for EGP 5.1 billion as at 30th of June 2014. 2 Actual Contracted Net Sales as at 30th of June 2014. 3 Expected contracted net sales in H2 2014.

Launch of:
WTR phases 7, 8

& 9

Eastown

Residences “ETR” phases 1 to 4 account to 50%

f total sales

2,478

2008 2009 2010 2011 2012

Allegria Phase 1&2

launch

Some 650 Allegria

units contracted

Launch of:
Allegria phase 3 &

4

The Polygon
Forty West
The Strip
Cumulative Sales:

EGP 2.7 Billion

Regular Operating Environment

Global Financial Recession

KP launch achieving

EGP 250 million of sales

Cumulative Sales:

EGP 4.6 Billion

Regular Operating Environment

Launch of:
Small offices in The

Polygon

Westown Residences

“WTR” Phase 1

Turmoil causing EGP

735 million in cancellations

Cumulative Sales: EGP

4.6 Billion

Jan 25th Revolution

Launch of:
Allegria phase 5
WTR Phases 2 to

6

WTR achieved

sales of some EGP 1 billion

Cumulative Sales:

EGP 6.2 Billion

Regular Operating Environment

1,884 849 1,839 1,619 6

June 30th Revolution

2014

Launch of:
WTR phases 10
ETR phases 5-6
Expected to

launch EGP 1.2 billion in H2 2014

15842

Regular Operating Environment

9623

1,000

2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000

SLIDE 21

Launched Projects’ Profitability

GPM of 36% on some EGP 9.6 billion of unit sales

Expected Lease Revenues (From Existing Launched Projects)

Sellable Inventory Profitability 1 Percentage Sold (Value)

21

1 All figures in EGP unless otherwise stated. 2 Expected gross profit margin, excluding NPV adjustments. 3 Unsold Allegria inventory amounts to EGP 204 mln (13 units), displaying an average price per unit of EGP 16 million. 4 Includes the investment cost of leasable assets.

Total Inventory Development Cost4 Sold Inventory Projects’ GPM 2 Project (EGP millions) Allegria3 Polygon Forty West KP WTR (I-X) Total 4,387 2,731 4,183 38% 711 639 532 31% 588 495 374 33% 648 438 616 33% 2,233 1,304 2,169 42%

10,391 36%

Sold Unsold 95% 5% 75% 63% 37% 100% 97%

3%

92% 8% Sales / Lease Ratio 100% 77% 80% 100% 100%

25%

ETR (I-VI) 1,824 1,337 1,716 27% 94% 100%

9,590

3%

6,944

750

200

400 600 800

20

40 60 80 100 120 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Cumulative Lease Revenues EGP Million Annual Lease Revenues EGP Million Polygon Forty West The Strip Westown Hub Cumulative Lease Revenues 34 57 79 84 93 96 99 102 105

SLIDE 22

Execution & Delivery1

SODIC delivered some 222 units during H1 2014 across 8 different projects, namely: Allegria, Kattameya Plaza, Forty West, The Polygon, The Strip, Casa ,WT Hub & WT Residences

Project

Number of Units Delivered Units % Delivered Investment Cost2 % Completion3 Delivery Start Date Delivery End Date

1 All figures as at 30th of June 2014. 2 Investment cost represents the expected construction and land costs. Figures are in EGP millions. 3 Percentage completion represents the actual earned value, calculated on a weighted average basis per project phase. 4 Westown Residences Phase I shows an 86% development completion on a standalone basis. 5 CASA is a jointly owned project (80% Palm Hills subsidiary & 20% SODIC). SODIC owns 63 apartments in addition to its ownership stake.

Over 4,800 units under development (35% delivered) with an investment cost of some EGP 7.3 billion

Delivery Execution

22

Allegria Kattameya Plaza Forty West

WT Residences (I-X)

The Polygon The Strip WT Hub

Total

1,254 1,080 86% 2010 2,731 91% 466 346 74% 2013 438 97% 133 39 29% 2012 495 93% 1,391 71 5% 2013 1,304 32%4 250 102 41% 2013 639 79% 84 24 29% 2012 241 76% 47 2 4% 2014 66 90%

4,811 1,705 35% From 2010 to 2017 7,251 NA

2015 2015 2015 2017 2016 2015 2015 ET Residences (I-VI) 1,123

2016

1,337 9% 2017 CASA5 63 41 65% 2013 NA 100% 2015

SLIDE 23

H1 2014 Vs H1 2013

Building on strengths

Item

(in EGP mln unless otherwise stated)

H1 2014

23

H1 2013

Variance %

Gross Contracted Sales Net Contracted Sales

Net Contracted Sales From New Launches

Cash Collected CAPEX1 Number of Units Delivered (units) Value of Units Delivered Gross Profit Net Profit

1,674 1,584 1,831 1,641

8%
3%

Number of Units Sold (units)

716 928

23%

979 997

2%

38% 540 423 28% 223 212 5% 644 426 51% 232 146 59% 91 49 86%

Debt Raised/Secured

2,150 120 1692%

Cash at banks & on hand

762 370 106% 894 649

1 Includes EGP 167 million of land payments.

SLIDE 24

Annex

24

SLIDE 25

Egypt Macroeconomic Indicators1

Improving macroeconomic backdrop

25 Following the 30th of June protests and the ouster of ex president Morsi, several Macro indicators showed signs of improvement with CDS spread dropping from an alarming 900 bps and a drop in 1 year T-bill yield Macro risk receded with the support package promised by Saudi Arabia, UAE and

Kuwait. The aid received

pulled the breaks on further devaluation of the EGP and revered the constant decrease in Egypt’s foreign reserves

Recent Government Initiatives

Egypt Spot & 12 Months Non Deliverable Forward

1 Source: Bloomberg, IMF, CBE 2 Due to the Monetary Police Committee’s decision to raise overnight lending and deposits rate by 100 bps

CDS Spread (basis points)

9.1 8.3 7.1

Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Forward Spot 900 330 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14

Post 30th June Protests Post 25th Jan Revolution Post Presidential Elections

1 Year T-Bill Yield (%) Dollarization (% of Total Deposits)

15.4% 12.4%

Jan-11 Jun-11 Nov-11 Apr-12 Sep-12 Feb-13 Jul-13 Dec-13 May-14

Due to MPC’s decision to raise lending and deposits rate by 100 bps

2

22% 23% 20%

Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14

Stable FX Reserves (USD Billion)

35 33 30 28 27 27 26 25 24 22 20 18 16 16 15 15 16 16 14 15 15 16 15 15 14 14 13 14 16 15 19 19 19 19 18 17 17 17 17 18 17 17 17 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Country Received Total Pledged

USD 4.0 bn USD 6.9 bn USD 8.6 bn USD 12.2 bn USD 3.0 bn USD 4.0 bn USD 15.6 bn USD 23.1 bn Incoming International Support Packages

SLIDE 26

Board of Directors and Executive Management

SODIC is one of the few companies in Egypt that is not family owned & managed

Board of Directors & Ownership Structure

Management with full economic cycle experience, successfully navigated global recession & revolutions A development

rganization

capable of monetizing land positions at

ptimal value

Diverse team assembled since 2006 with untapped capacity Transitioned from entrepreneurial to corporate

Executive Management

Mr. Ahmed Badrawi

Chief Technical Officer

Eng. Shehab El

Orabi

Chief Financial Officer

Mr. Omar El

Hamawy

Chief Projects Officer

Mr. Hatem

Halwagy

Chief Commercial Officer

Mr. Ahmed

Labib

Chief Projects Development Officer

Mr. Basil

Ramzy Managing Director (Executive)

Dr. Hani Sarieldin

Managing Director (Executive)

Mr. Ahmed Badrawi

Chairman (Non-Executive)

26

Eng. Safwan

Thabet

Mr. Shafik El

Baghdady

Dr. Walid

Abanumay

Mr. Sabah

Barakat

Mr. Omar El

Hamawy

Eng. Shehab

El Orabi

Mr. Basil

Ramzy

Member

(Non-Executive)

Member

(Non-Executive)

Member

(Non-Executive)

Member

(Non-Executive)

Member

(Executive)

Member

(Executive)

Member

(Executive)

SLIDE 27

Shareholder Structure & Share Performance

Shareholders Structure A fragmented shareholding structure with the largest shareholder owning 13%

27

1 As at 12th of August 2014. Closing price EGP 42.75 2 From 2 Jan 2012 to 2 Jul 2014, rebased.

Share Information1

No. of Shares Outstanding

90.68 million Market Capitalization EGP 3,877 million Market Capitalization USD 542 million Index Inclusions EGX 30 EGX 100 MSCI IMI Symbol EGX: OCDI.CA Reuters: OCDI CA Bloomberg: OCDI EY 52 weeks High/Low (EGP): 42.75/13.9 YTD Share Performance 88.9%

30 Months Share Performance : SODIC Vs. EGX (Rebased) 2

1% 17% 45% 24% 13%

ESOP High Net Worth International Institutions Local Institutions Retail

12% 9% 5% 5% 3% 13% 3% 2% 1% 47%

Olayan Group Ripplewood Al Rashed Group EFG Hermes El Maged Company Abanumay Family Abd El Monem Abd Alrahman EL Rashed NORGES BANK ESOP Free Float

50 100 150 200 250 300 350 EGX30 OCDI

SLIDE 28

Awards

2013: Allegria - best residential project – Built
2013: The Polygon - best commercial and mixed use project – Future

A globally recognised developer

Cityscape Euromoney Business Today Ministry of Trade & Authority CNBC Property Euromoney American Society

f Landscape

Architects

Award Description

2011: Best developer overall Egypt
2011: Best mixed use developer Mena
2011: Best residential developer Mena
2010: Best developer overall Egypt
2010: Best mixed use developer Mena
2011: Best company by BT100 rank change at the BT100 Crystal Awards
2010: Enterprise Innovation Award for registering all of its trademarks with the Internal

Trade Development Authority, an affiliate of Ministry of Trade and Industry

CNBC Arabian Property 2009: Allegria best architecture among other developments
CNBC Property 2008: Allegria best development in Egypt with a 5-star award
CNBC Property 2008: Allegria best golf course development with a 4-star award
2007: Allegria award of merit from the American Society of Landscape Architects (ASLA)

for its master plan, developed by world-renowned master planners EDAW

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SLIDE 29

Disclaimer

29

This Presentation is intended for information purposes only and does not constitute or form part of an offer for sale or subscription or an invitation

r solicitation of an offer to subscribe for or purchase securities of any kind and neither this document nor anything contained herein shall form the

basis of any contract or commitment from any party whatsoever. Information, including but not limited to financial information, in this presentation should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities or any other instruments in or, in entities related to, SODIC or any other company. This Presentation contains important and privileged information on SODIC which is solely owned by SODIC and may not be relied on or used by any person whosoever for any purpose, and therefore shall be kept secret and confidential by any receiving party. This document includes forward-looking statements. The words "believe", "anticipate", "expect", "intend", "aim", "plan", "predict", "continue", "assume", "positioned", "may", "will", "should", "shall", "risk" and other similar expressions that are predictions of or indicate future events and future trends identify forward-looking statements. These forward-looking statements include all matters that are not historical facts. In particular, the statements regarding strategy and other future events or prospects are forward-looking statements. Recipients of this document should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are in many cases beyond the control of the Company. By their nature, forward-looking statements & projections involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance and the Company's actual results of operations, financial condition and liquidity, and the development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements contained in this document. The cautionary statements set forth above should be considered in connection with any subsequent written or oral forward-looking statements that the Company, or persons acting on its behalf, may issue. Various factors could cause actual results to differ materially from those expressed or implied by the forward-looking statements in this document including worldwide economic trends, the economic and political climate of Egypt, the Middle East and changes in business strategy and various other factors. All information contained in this presentation, including but not limited to information relating to the Egyptian real estate and financial markets, are compiled from sources known to be reliable and/or publicly available data reasonably assumed to be accurate (the “Source Data”). The Source Data may contain errors and/or inaccuracies; SODIC provides no warranties or guarantees of any kind, expressed or implied, and accepts no responsibility whatsoever, with regard to the accuracy, completeness or correctness of the Source Data used in the Presentation. This disclaimer is to be considered an integral part of the Presentation and SODIC’s liability in respect of this Presentation and is to be governed by Egyptian law under the jurisdiction of Egyptian courts.

SLIDE 30

Thank You

For SODIC investor relations enquiries contact: Mahmoud Badran mbadran@sodic.com Tel: +202 3854 0121 SODIC IR website: ir.sodic.com SODIC corporate website: www.sodic.com