Result of AGM

Commercial Intnl Bank (Egypt) SAE
29 March 2005


Date: March 29, 2005




    Commercial International Bank ( S.A.E.)  Annual General Assembly Meeting
                                   Decisions

                        Held on the 29th of  March 2005




The First Decision

Board of Directors Report

The General Assembly Meeting approved the Board of Directors Report for the
bank's activities and The Financial Position  for the year ending 31st of
December 2004.



The Second Decision

The approval of Balance Sheet , Income Statement and the other financial
statements for the year ending 31 December 2004.



The General Assembly approved with  majority votes the Balance Sheet , Income
Statement and the other financial statements for the year ending  31st of
December 2004.



The Third Decision

Approving the appropriation account  for the year 2004



The General Assembly approved with  majority votes the appropriation account for
the year 2004 and distributing  L.E. 1.75 dividend* per share .




                                            Egyptian Pounds

Net Profit for the year                     505,755,650

Total Dividends for distribution            505,755,650

                                            ===========



Distributed as follows:-

Legal Reserves                              25,287,783

Shareholders Dividends - First Tranche-     65,000,000

Staff profit sharing                        50,575,565

Board Remuneration                          7,586,335

Shareholders Dividends - Second  Tranche-   162,500,000

General Reserves                            194,805,967
                                            ___________

Total                                       505,755,650

                                            ===========



* Dividends will be distributed on Thursday 14th April 2005.


The Fourth Decision

Releasing the Board Members for the year ending December 31st 2004, and deciding
on their bonuses for the year 2005.



The General Assembly has approved in a majority the release of the Board Members
for the year ending December 31st 2004, and it also approved -in a majority- the
annual bonus for the Board Members for the year 2005, being seventy five
thousand Egyptian Pounds broken down as follows:



a)       A sum of Fifteen Thousand Egyptian Pounds annually being Transportation
Allowance paid to the Member directly without the need for submitting any
documents. The Chairman and Members of the Board that are assigned a car with a
driver are not entitled to receive this amount.

b)      A sum of Sixty Thousand Egyptian Pounds being a membership bonus



The payment of this bonus in full is to be tied to the Board Member's attendance
in person to the Board Meetings held during the year, otherwise the bonus will
be paid on pro-rata basis.



The Fifth Decision

Appointing the bank's external auditors and deciding on their fees for the year
ending December 31st 2005



The General Assembly has approved the rehiring of Mr. Hazem Hassan and Mr. Emad
Ragheb as the bank's external auditors for the financial year ending December
31st 2005, for annual fees of Two Hundred and Fifteen Thousand Egyptian Pounds
to be divided equally between the two offices, and the issuance of the relevant
reports in accordance with the requirements of the inclusive of the quarterly
auditing Central Bank of Egypt and the Capital Market Authority.




The Sixth Decision

Authorizing the Board of Directors donations during the year 2005

The General Assembly has approved granting the Board of Directors a general
authority to give donations during the year 2005 that exceed one thousand
Egyptian Pounds each, to be granted in accordance with Article 101 of the
Companies Law no. 159 for the year 1981.



The Seventh Decision

The Reformation of the Board of Directors



The General Assembly has approved the reformation of the Board of Directors as
follows:



1-      Mr. Amin Hisham Ezz Al-Arab
2-      Mr. Mohamed Hamdan Ashmawy
3-      Mrs. Sahar Mohamed Aly El-Sallab
4-      Dr. William Messiha Michael
5-      Mr. Mahmoud Mohamed Fahmy
6-      Mr. Mohamed Hany Seif El-Nasr representing National Bank of Egypt
7-      Dr. Nadia Makram Ebeid


For any further information contact :



Suha Awny
Investor Relations Officer
Direct : 00 202 747 2776
Fax    : [phone]
e-mail: [e-mail]


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