Ordinary General Meeting Summary of Resolutions

EFG-Hermes Holdings SAE

13 May 2023

 

TRANSLATION FROM ARABIC

Summary of Resolutions for the Annual General Meeting

EFG Hermes Holding S.A.E.

Held on May 13^th, 2023

Resolution no.1

The AGM approved the Board of Directors' report on the company's activities for the financial year ended 31/12/2022.

Resolution no.2

The AGM approved the Company's auditor report on the financial statements for the fiscal year ended 31/12/2022.

Resolution no.3

The AGM ratified the financial statements for the fiscal year ended 31/12/2022.

Resolution no.4

The AGM approved the corporate governance report for the fiscal year ended 31/12/2022.

Resolution no.5

The AGM approved the transfer of EGP1,459,606,010 from the retained earnings account as at 31/12/2022 to the capital increase account, to distribute (1) bonus share for every (4) shares held by each shareholder.

Resolution no.6

The AGM approved the appropriations account for the fiscal year ended 31/12/2022 as follows:

		For the Fiscal Year ended 31/12/2022 (EGP)
	Net Profit for the year	2,097,796,241
	Retained earnings	206,550,120
	Profits appropriate for distribution	2,304,346,361
	Distributed as follows:
	Legal Reserve	104,889,812
	Shareholders' dividends- bonus shares	1,459,606,010
	Employees portion	142,450,000
	Non-Executive Board of Directors' bonus	40,040,000
	Retained Earnings	557,360,539
	Total	2,304,346,361

Resolution no.7

The AGM approved the discharge of the Chairperson and the Board members from all liabilities concerning the activities of fiscal year 2022.

Resolution no.8

The AGM ratified the changes in the composition of the Board which occurred up to the date of the General Assembly Meeting.

Resolution no.9

The AGM elected the company's Board of Directors for a three years-term. The Board of Directors composition will be as follows:

	Name	Title	Executive/Non-Executive
1-	Mona Zulficar	Chairperson	Non-Executive - Independent
2-	Yasser El Mallawany	Vice Chairman	Non-Executive
3-	Karim Awad	Group Chief Executive Officer	Executive
4-	Efstratios Arapoglou	Board Member	Non-Executive
5-	Marwan Al Araby	Board Member	Non-Executive - Independent
6-	Jean Cheval	Board Member	Non-Executive
7-	Abdullah Khalil Al Mutawa	Board Member	Non-Executive - Independent
8-	Khalid Mana Al Otaiba	Board Member	Non-Executive - Independent
9-	Ramsay Zaki	Board Member	Non-Executive - Independent
10-	Géraud Brac de la Perrière	Board Member (DF EFG3 Limited representative)*	Non-Executive
11-	Thomas Volpe	Board Member	Non-Executive - Independent
12-	Mona Yassine	Board Member	Non-Executive - Independent

* Fully owned by Natixis S.A.

Resolution no.10

The AGM approved non-executive Board members' remunerations for the fiscal year 2022, and approved the Board of Directors' remunerations, attendance and travel allowances for the fiscal year 2023.

Resolution no.11

The AGM approved the reappointment of the Company's auditor - Mr. Ihab Mohamed Fouad Abu Al-Majd, Partner, at KPMG Hazem Hassan for the fiscal year 2023 and delegated the Board of Directors to determine the fees based on a recommendation from the audit committee.

Resolution no.12

The AGM ratified the donations for the fiscal year 2022 which totaled to EGP30,050,000; and authorized the Board to approve donations in excess of EGP1,000 during the fiscal year 2023.

For further information:

Investor Relations Department

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Head of Investor Relations - Hanzada Nessim

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Fax: [phone]

www.efg-hermes.com

 

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