EZZ Steel Company - S.A.E.

Cairo, 20 February 2025 - Ezz Steel (EGX: ESRS; London Stock Exchange: AEZD),

Ezz Steel advises that the Listing Committee of the Egyptian Stock Exchange (EGX) approved the Share Buyback procedures for Ezz Steel shares.

A Special Operations Market (OPR) will be opened from Sunday 23 February 2025 until Thursday 6 March 2025 (the "Expiration Date") to receive selling orders (order registration period), from all shareholders who wish to sell, at the price of EGP 138.15 per share. The selling orders will be executed according to the following:

1.     for shareholders who register their selling orders from the date the OPR commences (23/2/2025) until 1.00 pm Thursday 27 February 2025, buying the shares will be executed in the trading session of Thursday 27 February 2025;

2.     for shareholders who register their selling orders after 1.00 pm on Thursday 27 February 2025 until 1.00 pm Thursday 6 March 2025, buying the shares will be executed in the trading session of Thursday 6 March 2025.

Settlement of both executions in (1) and (2) above will be on T+2 basis (where T is the date of the execution session).

The Company is committed to buying the shares of all shareholders who wish to sell in accordance with the dates and conditions mentioned above.

The Company's broker in Hermes Securities Brokerage, Cairo, Egypt.

GDR holders who wish to sell the shares which represent their GDRs should refer to the Company's statement in this respect entitled "Instructions to GDR Holders", posted on LSE on 29 January 2025 as updated herein. It is further emphasized that the execution dates stipulated herein will apply to selling orders of the shares underlying the GDRs of the GDR holders wishing to participate in the Share Buyback.

Investors Relations