With reference to recent reports in certain media outlets concerning Talaat Moustafa Group Holding ("the Group") and its Sharm Bay development in Sharm El Sheikh, we would like to clarify the following:

The Sharm Bay project is indeed one of the Group's upcoming developments. It is strategically located near the Group-owned Four Seasons Resort in Sharm El Sheikh, just minutes from Sharm El Sheikh International Airport.

The development will feature approximately 3,000 residential units, including a mix of luxury villas and elegantly designed boathouses. The project is expected to generate total sales of EGP 120 billion over its lifespan, with an average net profit margin of 20% and projected recurring income of EGP 30.2 billion upon completion and full operation.

The tourism resort will be complemented by a wide range of premium amenities such as a world-class marina, high-end retail and entertainment venues, a wellness center, and comprehensive sports facilities. These features are designed to elevate the standard of local infrastructure and reinforce Sharm El Sheikh's position as a leading destination for upscale tourism and leisure.

Given the group's extensive history and proven track record, the Sharm Bay project will further consolidate Talaat Moustafa Group Holding's position as a leading real estate, hotel, and resort company.

The Group will notify the Egyptian Exchange of about commencement of sales and execution of the project.