CAIRO, EGYPT--(Marketwire - October 20, 2008) -

Cairo, Egypt / October 19, 2008, 4:30 PM

OCI Signs USD 736.5 million Syndicated Loan Facility

Orascom Construction Industries (OCI) announced today that it has
signed and finalized a USD 736.5 million five-year syndicated loan
facility. The Facility is structured on two equal tranches of
USD 368.25 million. Tranche A will be a Medium Term Loan and Tranche B
a Revolving Credit Facility. The Facility will help finance future
company investments.

The Facility was arranged by a syndicate of both local and
international financial institutions. The following banks acted
as mandated lead arrangers: Arab Bank PLC, Barclays Capital, the
investment banking division of Barclays Bank PLC ("Barclays
Capital"), Banque Misr S.A.E, BNP Paribas, Citi, Piraeus
Bank Egypt and National Bank of Abu Dhabi.

Citi was the Global Transaction Coordinator. In addition, Barclays
Capital, Citi and National Bank of Abu Dhabi acted as the
International Book-runners, while Banque Misr S.A.E acted as the
Local Book-runner and Agent Bank. Arab Bank PLC was
the Documentation Bank.

OCI Group Chief Financial Officer, Salman Butt commented, "OCI has been
able to secure a facility of such size amid a tight global credit
market and volatile equity and fixed income markets. We believe the
success of this facility reaffirms confidence on OCI's balance sheet
and cash flow generation."

For additional information
OCI Investor Relations Department:  For additional information on OCI:
Omar Darwazah                       Orascom Construction Industries
Email:  (OCI)
                                    Nile City Towers - South Tower
                                    2005A Corniche El Nil
Ahmed Sultan                        Cairo, Egypt
Tel: +202 2461 1039/1036/0727/0914
Fax: +202 2461 9409

                                    OCI stock symbols: OCIC.CA / ORCI
                                    EY / OCICqL / ORSD

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