NEWS RELEASE Orascom Construction Industries Receives Approval from CMB to Launch Voluntary Tender Offer for all A & B shares of Baticim Cimento OCI will launch the voluntary tender offer call on 29 March for 100% of A and B class shares Cairo, Egypt - 26 March 2007: Orascom Construction Industries (OCI) has announced that its wholly owned subsidiary, OCI Cimento Anonim Sirketi ("OCI Cimento"), has received approval from the Capital Markets Board ("CMB"), to make a voluntary tender offer for all outstanding A and B class shares in Bati Anadolu Cimento Sanayii Anonim Sirketi ("Baticim") that OCI does not currently own for a minimum price of YTL 11.50 per class B share and YTL 1,880 per class A share each based on a nominal value of YTL 1 per share.. OCI Cimento has issued a formal disclosure to the Istanbul Stock Exchange as required by the Capital Markets Board indicating that the tender call will begin on 29 March 2007 at 9:00 am and end on 12 April 2007 at 5:00 pm. The Information Note with final information on the tender offer mechanics and prices will be published in Turkish newspapers on 28 March 2007. CONTACT: Hassan H. Badrawi Investor Relations Director Tel : +202 24 61 10 39/10 36 Fax : +202 24 61 94 09 Email: hassan.badrawi@orascomci.com For additional information on OCI: www.orascomci.com Orascom Construction Industries (OCI) Nile City Towers - South Tower 2005A Corniche El Nil, Cairo, Egypt Tel: +202 24 61 11 11, Fax: +202 24 61 94 00, OCI stock symbols: OCIC.CA / ORCI EY / OCICqL / ORSD LI This information is provided by RNS The company news service from the London Stock Exchange
Orascom Construction Industries S.A.E. announces Baticim Tender Offer Approved
| Source: Orascom Construction Industries
Cairo -- (MARKET WIRE) -- March 26, 2007 --