Ad hoc announcement pursuant to Art. 53 LR.

Orascom Development Holding AG: Publication of the 2023 Annual Report, the ESG-Report and the invitation to the 16^th Annual General Meeting

Altdorf, 22 April 2024 – Orascom Development Holding AG (ODH) has published today the 2023 Annual Report and the inaugural ‘Life with Purpose’ 2023 Environmental, Social, and Governance (ESG) Report. The reports are available on ODH's website at https://www.orascomdh.com/investor-relations.

ODH has also published the invitation to the 16^th Annual General Meeting, which is available on ODH's website at https://www.orascomdh.com/investor-relations/corporate-documents.

About Orascom Development Holding AG:

Orascom Development Holding (ODH) is a leading developer of fully integrated towns, including hotels, private villas and apartments, leisure facilities such as golf courses, marinas and supporting infrastructure. Orascom Development Holding’s diversified portfolio is spread over seven jurisdictions (Egypt, UAE, Oman, Switzerland, Morocco, Montenegro, and the United Kingdom). The group currently operates ten destinations: five in Egypt (El Gouna, Taba Heights, Makadi Heights, O-West and Byoum), The Cove in the United Arab Emirates, Jebel Sifah and Hawana Salalah in Oman, Luštica Bay in Montenegro, and West Carclaze Garden Village in the United Kingdom. The shares of ODH are listed on the SIX Swiss Exchange.

For more information, please visit https://www.orascomdh.com/.

Contact for Investors:      

Ahmed Abou El Ella     

Group Director of Investor Relations    

Tel: +20 224 61 89 61

Mobile: +20 122129 5555      

Email: ir@orascomdh.com

Disclaimer:

This press release may contain forward-looking statements based on current assumptions and forecasts of ODH management. Known and unknown risks, uncertainties, and other factors could lead to material differences between any forward-looking statements made here and the actual development, particularly the results, financial situation, and performance of ODH. ODH accepts no responsibility for updating forward-looking statements or adapting them to future events or developments.