OCI N.V. Announces Closure Of Exchange Offer For GDRs

As of the latest filings on 21 February 2013, GDR holders holding a total of 156,722,280 GDRs (being 99.0% of Orascom Construction Industries’ GDRs and representing 75.7% of total shares outstanding) have accepted the offer to exchange their GDRs for OCI N.V. shares.

Trading of OCI N.V. shares on the NYSE Euronext in Amsterdam began on 25 January 2013. OCI N.V. has confirmed that the Offer is wholly-unconditional.

The Offer has now closed.  Settlement of any acceptances received on or prior to 12 noon (New York time)/5 p.m. (London time) on 21 February 2013 will take place on 26 February 2013.

Holders of GDRs that did not tender in the Offer are still entitled to surrender their GDRs to the depositary and receive delivery of the ordinary shares in Orascom Construction Industries (OCIC.CA) represented by their GDRs.

As announced on 18 January 2013, OCI N.V. intends, subject to receipt of all relevant regulatory approvals, to commence an offer (the “Share Offer”) to acquire all of the outstanding ordinary shares in Orascom Construction Industries in exchange for OCI N.V. Shares (or, at the election of the relevant holder, a cash amount of EGP 280 per share).

On 18 January 2013, OCI N.V. launched an exchange offer to acquire all of the outstanding Regulation S global depositary receipts (“GDRs”) of Orascom Construction Industries S.A.E. in exchange for ordinary shares in OCI N.V. (the “Offer”).