SOURCE: Orascom Construction Inds, S.A.E.

June 03, 2013 03:40 ET

OCI SAE to Convene OGM and EGM

CAIRO--(Marketwired - Jun 3, 2013) -

                       Amsterdam, the Netherlands / 3 June, 2013 8:30 AM

OCI N.V.'s Subsidiary, OCI S.A.E, to Convene Ordinary and Extraordinary
General Meetings

OCI N.V.'s subsidiary, Orascom Construction Industries (OCI S.A.E),
announced today it is convening an Ordinary General Meeting (OGM) and
an Extraordinary General Meeting (EGM), as per the request of the
Egyptian Financial Supervisory Authority (EFSA), to allow its
shareholders to vote on various resolutions pertaining to the Share
Exchange Offer for its shares announced by OCI N.V.

OCI S.A.E shareholders should visit  to access the
proxy voting statements which include all resolutions in full and the
General Meetings' agendas. The agenda includes a discussion of OCI
S.A.E.'s tax settlement with the Egyptian Tax Authority (ETA),
pertaining to the years 2007 - 2010, and the agreed-to paymentschedule. The
agenda also includes a discussion of the intercompany
loan between OCI N.V. and OCI S.A.E which allowed the latter to make
the first payment related to the agreed-to tax settlement.

At present OCI S.A.E has received undertakings to convert in to OCI
N.V. totaling 14,753,662 shares representing 30.7% of the total shares
outstanding on the Egyptian Stock Exchange (EGX). These undertakings
include institutional shareholders and large investors who confirmed
their intention to convert ahead of the approval of the Share Exchange

OCI N.V. expects to resubmit the required tender offer documentation to
EFSA for OCI S.A.E's shares listed on the EGX imminently.

Additional updates related to the Share Exchange Offer and the General
Meetings will be communicated to the market in due course.

About OCI N.V.:

OCI N.V. is a global nitrogen-based fertilizer producer and engineering&
construction contractor based in the Netherlands. The Fertilizer
Group owns and operates nitrogen fertilizer plants in the Netherlands,
the United States, Egypt and Algeria and has an international
distribution platform spanning from the Americas to Asia. The
Fertilizer Group ranks among the world's top fertilizer producers with
a fertilizer production capacity of nearly 7 million metric tons. The
Construction Group provides international engineering and construction
services primarily on infrastructure, industrial and high-end
commercial projects in the United States, Europe, the Middle East,
North Africa and Central Asia for public and private clients. The
Construction Group ranks among the world's top global contractors. OCI
N.V. employs more than 75,000 people in 35 countries around the globe
and is listed on the NYSE Euronext in Amsterdam.

For additional information contact:
Investor Relations Department:
Omar Darwazah

Erika Wakid

Hassan Badrawi

Tel: +202 2461 1036/0727/0917
Fax: +202 2461 9409

For additional information on OCI N.V.: 

Mijnweg 1,
6167 AC Geleen,
The Netherlands

OCI N.V. stock symbols: OCI / OCI.NA / OCI.AS / OCINY

                    This information is provided by RNS
          The company news service from the London Stock Exchange


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