OCI NV Confirms Acceptances Of 97.2 % Of GDRs Holders To Exchange Offer

OCI N.V. announced that shareholders, including the Sawiris family and Abraaj Capital, holding a total of 153,967,710 shares representing 97.2 % of OCI’s (OCIC.CA) (GDRs) and 74.4% of total shares outstanding have accepted the offer to exchange their GDRs for OCI N.V. shares.

As of the latest filings on 7 February 2013, GDR holders holding a total of 153,976,610 GDRs (being 97.2% of Orascom Construction Industries’ GDRs and representing 74.4% 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.

OCI N.V. is delighted with the great success of the Offer. To enable holders of GDRs who have not yet accepted the Offer to tender their GDRs, such holders will be given the opportunity to tender their GDRs until 12 noon (New York time)/5 p.m. (London time) on 14 February 2013 (the “Revised Expiration Time”). Holders of GDRs who have not yet tendered their GDRs can tender their GDRs in the same manner and subject to the same conditions as described in the offer document issued by OCI N.V. on 18 January 2013 and available on the website of OCI N.V. (www.ocinv.nl).

In respect of the Revised Expiration Time, each clearing system and each direct and indirect participant in those systems will establish its own cut-off date and time for giving instructions to accept the Offer, which will be earlier than the Revised Expiration Time.

Settlement of any acceptances received on or prior to 12 noon (New York time)/5 p.m. (London time) on 14 February 2013 will take place on 19 February 2013. The extension of the Offer does not affect the settlement of any acceptances received prior to the previous expiration time of 12 noon (New York time)/5 p.m. (London time) on 7 February 2013, which will take place on 12 February 2013.