AGM invitation

First Notice

Madinet Nasr for Housing and Development (MNHD)

An Egyptian Joint Stock Company

Invitation to the Shareholders

for the Annual General Meeting (AGM)

The Chairman of the Board of Directors (BOD) and Chairman of the AGM is honored to invite the shareholders of the Company to the AGM to be held on Sunday April 1, 2018 at 2:30 p.m. at the Company's Sales Center on the site of Taj City project; Extension of Thawra Street- Opposite to the Entry of Cairo International Airport- Cairo, Egypt

If the required quorum for the validity of the AGM is not met, a second meeting of the AGM will be held after one hour of the time of the first meeting of the AGM and at the same place.

The AGM will discuss the following agenda:

1. Ratification of the BOD's report on the Company's operations and their results for the fiscal year (FY) ended 31 December 2017

2. The Independent Auditor's report on the financial statements (FS) of the Company for the FY ended 31 December 2017

3. Approval of the FS for the FY ended 31 December 2017

4. Approval of the proposed dividends for the FY ended 31 December 2017

5. Authorizing the BOD to allow donations in excess of EGP 1,000 (one thousand Egyptian Pound), and approval of the of the donations made in 2017

6. Appointment of the Independent Auditor and determine audit fees for the FY 2018

7. Determine the allowances and transportation expenses for the members of the BOD for the FY 2018

8. Release of the Chairman and BOD of their responsibilities for the FY 2017

9. Approval of the BOD's decision No. (3) dated 15 June 2017 to hire independent director Mr. Yasser Mohamed Kamel El Malah for the current term of the BOD; 2017-2020

· Each shareholder has the right to attend the AGM in person or by proxy to other shareholder. A proxy should be officially documented in special or general proxy statement with notarization of signatures

· Shareholders interested in attending the AGM are required to register with the Company and present a statement of their shareholding as issued by a securities custodian bank or firm. The statement should indicate that the entire balance of shareholding is blocked from trading for at least three days prior to the AGM; excluding the day of blocking and the day of the AGM.

· Any inquiries regarding the AGM to be presented or addressed in writing to the Management of the Company at its premises (4 Youseif Abbas St. Nasr City- Cairo- Egypt) at least three days prior to the date of the AGM.

· The BOD's report, the agenda of the AGM, and underlying documents are available at the Company's premises at the request of the shareholders

Chairman of the Board and AGM

Eng. Mohamed Hazem Barakat

Date: 9 March 2018