EFG-Hermes Investor Relations by mercy2beans125


                                    Investor Relations
                                     Press Release - 11 March 2004


Within EFG-Hermes' strategy of focusing on investment banking activities and reducing its direct investments, the company
has sold its stake in Fenoun holding. This will result in a EGP41 million loss, which will affect EFG-Hermes FY 2003 results. The
total cash flow of this transaction amounted to EGP81 million and will have a positive effect on EFG-Hermes balance sheet.

EFG-Hermes may make or publish forward-looking statements about management expectations, strategic objectives, business prospects, anticipated expense
savings and financial results, and other similar matters. A variety of factors, many of which are beyond EFG-Hermes’ control, could cause actual results and expe-
rience to differ materially from the expectations expressed in these statements. These factors include, but are not limited to, financial market volatility, actions
by competitors, the effect of current and future legislation or regulation, and certain other factors. Readers are cautioned not to place undue reliance on for-
ward-looking statements, which speak only as of the date on which they are made. EFG-Hermes does not undertake to update such statements to reflect the
impact of circumstances or events that arise after the date these statements were made.

EFG-Hermes, 58 Tahrir Street, Dokki, Egypt 12311
Tel.: +202 336 1566 | Fax: +202 336 1536 | Website: www.efg-hermes.com
Stock Exchange & Symbol: Cairo-HRHO.CA | London-HRHOq.L
Bloomberg: EFGH | Reuters pages: .EFGS .HRMT .HRMS .EFGR

Tarek El Shawarby                                       Ramsay Zaki                                             Hesham Khalil
Investor Relations                                      CFO                                                     Assistant to the CFO
Tel: +202 336 1606                                      ramsay@efg-hermes.com                                   hkhalil@efg-hermes.com
Fax: +202 336 1536

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