Disposal

Commercial Intnl Bank (Egypt) SAE
08 February 2006



                                                           February 8,2006


        Investor Group Led by Ripplewood Holdings and Eton Park Acquires 18.7% 
                   Equity Stake in Commercial International Bank of Egypt


A consortium of investors today announced that it has acquired an 18.7% equity
stake in Commercial International Bank of Egypt ('CIB'), the largest private
sector commercial bank in Egypt. The group includes Ripplewood Holdings, Eton
Park and RHJ International, as well as other investors ('Investor Group') and
prominent international business executives.

The 18.7% stake in CIB represents an investment of approximately $230m -
equivalent to a stock price of LE 53.50 per share - for the consortium. The
transaction takes place after a detailed regulatory process by the Egyptian
authorities and after several months of study of both CIB and the Egyptian
economy by Ripplewood and its co-investors.

The investment is being made as part of a strategy to support CIB as it grows
both organically and through acquisitions.

CIB is the most profitable bank in Egypt, achieving net income of LE 610 million
in its last fiscal year. CIB's market value is approximately LE 8 billion with
assets of LE 30 billion. It has Egypt's largest private sector retail banking
network with 100 branches and banking units and more than 287 ATMs.


CIB Investor Relations





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