SOURCE: Orascom Construction Industries

January 26, 2006 05:13 ET

Orascom Construction Industries - EGM Approval

Cairo -- (MARKET WIRE) -- January 26, 2006 --NEWS RELEASE

FOR IMMEDIATE RELEASE

OCI Shareholders Approve an Increase in Authorized Capital

EGM approves proposal by Board of Directors to raise authorized capital to EGP 5 billion

Cairo, Egypt - 26 January 2006: Orascom Construction Industries announced that in an Extraordinary General Meeting convened yesterday, its shareholders approved a proposal by the Board of Directors to increase the Company's authorized capital from EGP 2 billion to EGP 5 billion. OCI currently has a paid-in capital of EGP 952.875 million with a par value of EGP 5 per share. OCI has 190.575 million issued shares.

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CONTACT: Hassan H. Badrawi

Investor Relations Director

Tel: +202 461 1039/1036

Email: 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 and Algeria which have a combined annual production capacity of 13.5 million tons. Our new investments in Pakistan, northern Iraq, Nigeria, Algeria, the United Arab Emirates and Spain 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.

For additional information on OCI: www.orascomci.com


Orascom Construction Industries (OCI)
Nile City Towers - South Tower
2005A Corniche El Nil, Cairo, Egypt
Tel: +202 461 1111, Fax: +202 461 9400,
OCI stock symbols: OCIC.CA / ORCI EY / OCICqL / ORSD LI




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