Disclosure Statement

Citadel Capital (CCAP.CA on the Egyptian Exchange) announced today the results of the first call for subscriptions to its EGP 1.05 billion capital increase via a rights issue raising the firm's capital to EGP 4,358,125,000 from EGP 3,308,125,000. Total number of shares offeredwere 210,000,000 shares (157,500,000 common shares and 52,500,000 preferred shares), all at a par value of EGP 5 per share.

Citadel Capital (CCAP.CA on the Egyptian Exchange) announced today the results of the first call for subscriptions to its EGP 1.05 billion capital increase via a rights issue raising the firm’s capital to EGP 4,358,125,000 from EGP 3,308,125,000. Total number of shares offeredwere 210,000,000 shares (157,500,000 common shares and 52,500,000 preferred shares), all at a par value of EGP 5 per share.

Shareholders had subscribed to 87,608,127 shares (35,108,127 common shares, and 52,500,000 preferred shares,) with a total value of EGP 438,040,635 during the one-month subscription period which ran from 4 September 2011 through 3 October 2011. This represents 41.72% of the total offering.

Citadel Capital Partners (CCP), the vehicle through which Citadel Capital’s executive committee holds its equity in the firm, had subscribed fully to its pro-rata share.

The firm will shortly invite shareholders as of the close of session on 25 August 2011 to subscribe to the remaining shares (totaling 122,391,873 common shares) on a non-pro-rata basis in a second round that will last for one week.

A call to participate in the second round will be made in the Arabic language in two national newspapers after obtaining the necessary regulatory approvals. An English-language summary of that announcement will be forwarded to shareholders as a courtesy at that time.