SOURCE: Orascom Construction Industries

March 26, 2007 05:00 ET

Orascom Construction Industries S.A.E. announces Baticim Tender Offer Approved

Cairo -- (MARKET WIRE) -- March 26, 2007 --


                                 NEWS RELEASE


Orascom Construction Industries Receives Approval from CMB to Launch 
Voluntary Tender Offer for all A & B shares of Baticim Cimento

OCI will launch the voluntary tender offer call on 29 March for 100% 
of A and B class shares

Cairo, Egypt - 26 March 2007:   Orascom Construction Industries 
(OCI) has announced that its wholly owned subsidiary, OCI Cimento 
Anonim Sirketi ("OCI Cimento"), has received approval from the 
Capital Markets Board ("CMB"), to make a voluntary tender offer 
for all outstanding A and B class shares in Bati Anadolu Cimento 
Sanayii Anonim Sirketi ("Baticim") that OCI does not currently
own for a minimum price of YTL 11.50 per class B share and 
YTL 1,880 per class A share each based on a nominal value of 
YTL 1 per share..

OCI Cimento has issued a formal disclosure to the Istanbul 
Stock Exchange as required by the Capital Markets Board indicating 
that the tender call will begin on 29 March 2007 at 9:00 am and 
end on 12 April 2007 at 5:00 pm. The Information Note with 
final information on the tender offer mechanics and prices will 
be published in Turkish newspapers on 28 March 2007.


CONTACT:
Hassan H. Badrawi
Investor Relations Director
Tel :        +202 24 61 10 39/10 36
Fax :       +202 24 61 94 09
Email: hassan.badrawi@orascomci.com

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 24 61 11 11, Fax: +202 24 61 94 00,
OCI stock symbols: OCIC.CA / ORCI EY / OCICqL / ORSD LI



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