SOURCE: Orascom Construction Industries

May 16, 2007 09:26 ET

Orascom Construction Industries announces Dividend Distribution Date

Cairo -- (MARKET WIRE) -- May 16, 2007 --

                                                              NEWS RELEASE

OCI Announces Dividend Distribution Date

OCI to distribute a EGP 5.5 cash dividend per share on 30 May 2007

Cairo, Egypt - 16 May 2007: Orascom Construction Industries (OCI) has announced today that it will distribute a cash dividend of EGP 5.5 per share (US$ 1.93 per Global Depository Receipt) on 30 May 2007 to holders of the share as at 27 May 2007.

Global Depository Receipts (GDRs) holders should contact the Bank of New York for information the dividend payment process.

In the Annual General Assembly (AGM) which was held on Sunday 6 May, OCI shareholders approved all proposed resolutions including a EGP 5.5 cash dividend per share which implies a payout ratio of 42% of consolidated net income for the fiscal year ended 31 December 2006 and an increase of 175% over the total cash dividend distribution for the previous year. Shareholders also approved an increase in the ratio of independent directors on the Company's Board of Directors through the resignation of two executive directors without replacement.

Please visit the OCI corporate website to view the 2006 Annual Report and audited consolidated financial statements.

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For additional information CONTACT:


Investor Relations Department:


Hassan H. Badrawi - Director
Sarah Makiya
Omar Darwazah
Tel:  +202 2461 1039/1036
Fax: +202 2461 9409
Email: hassan.badrawi@orascomci.com

Orascom Construction Industries

Orascom Construction Industries (OCI) is a leading cement producer and construction contractor active in emerging markets. Based in Cairo, we employ more than 40,000 people in over 20 countries. Working together with our employees, business partners and customers, we are helping to build the future in developing countries around the world.

As a cement producer, we own and operate cement plants in Egypt, Algeria, Turkey, Pakistan, northern Iraq, and Spain which have a combined annual production capacity approaching 21 million tonnes. Our new investments in northern Iraq, Turkey, Nigeria, Algeria, the United Arab Emirates, Syria and Saudi Arabia will increase our annual production capacity to 39 million tonnes. Our Cement Group exports primarily from Egypt to customers in more than 30 countries including the USA, Europe, Africa and the Middle East. We produce and distribute aggregates and ready-mix concrete in Spain, Egypt and Algeria. We also manufacture cement bags in Egypt and Algeria.

As a contractor, we provide engineering procurement and construction services on large, complex and demanding industrial, commercial, water/sewage, transportation, telecommunications, maritime, tourism and railway projects for private and public customers principally in the Middle East, Africa and Central Asia. Our Construction Group is active in over 100 projects in more than 20 countries. Through partnerships with industry leaders, we also manufacture fabricated steel products as well as architectural curtain walling and window systems. As part of our long- term strategy to create a sustainable flow of construction opportunities, we also have investments in natural gas industries, including fertilizers and in infrastructure concessions including a port operator and an industrial park developer.

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 2461 1111, Fax: +202 2461 9400,
OCI stock symbols: OCIC.CA / ORCI EY / OCICqL / ORSD LI





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