OCI to Receive US$ 287 million Long-term Loan Facility OCI signs an underwriting agreement with local banks for a new seven-year long-term loan facili

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OCI to Receive US$ 287 million Long-term Loan Facility

OCI signs an underwriting agreement with local banks for a new seven-year long-term loan facility of US$ 287 million

Cairo, Egypt - 4 June 2006: Orascom Construction Industries announced that it has signed an underwriting agreement for a new local loan facility of US$ 287 million. The facility is divided into three tranches; a US dollar tranche of US$ 95.5 million with a variable interest rate, an Egyptian pound tranche equivalent to US$ 95.5 million with a fixed rate and a second Egyptian pound tranche also equivalent to US$ 95.5 million with a variable rate. The facility has a tenor of seven years including a two-year grace period on principal repayments. Several local banks including Arab African International Bank (AAIB), Bank of Alexandria, Banque Misr, Barclays Bank, Citibank Egypt, Commercial International Bank and National Bank of Egypt have been appointed as joint Mandated Lead Arrangers. AAIB is the global coordinator for the facility. OCI intends to employ the newly available debt to finance its future investments and expansions in core business activities.

-----------------------------------------------------------------------CONTACT: Hassan H. BadrawiInvestor Relations DirectorTel: +202 461 1039/1036Email: hassan.badrawi@orascomci.com Orascom Construction Industries

Orascom Construction Industries (OCI) is a leading cement producer and construction contractor active in emerging markets. As a cement producer, we own and operate cement plants in Egypt, Algeria, Turkey and Spain which have a combined annual production capacity of 17 million tons. Our new investments in Egypt, Pakistan, northern Iraq, Turkey, Nigeria, Algeria, and the United Arab Emirates will increase our annual production capacity to 30 million tons by 2007. As a contractor, we provide engineering procurement and construction services on industrial, commercial and infrastructure projects for private and public customers principally in the Middle East, Africa and Central Asia. OCI also invests in natural gas-based industries and infrastructure concessions.

For additional information on OCI: www.orascomci.com Orascom Construction Industries (OCI)Nile City Towers - South Tower2005A Corniche El Nil, Cairo, EgyptTel: +202 461 1111, Fax: +202 461 9400, 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

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