Edita Food Industries - Announcement of Rescinding the Non-binding Letter of Intent entered into by and between Egyptian Belgian Company for Industrial Investments S.A.E. and Edita Food Industries S.A.E.

3 January 2022

With reference to the previous disclosure sent on 21 November 2021 made by Edita Food Industries S.A.E. 2021(" Referred herein after as Edita Company,") related to the signing of the Non-binding Letter of Intent that it entered into with the Egyptian Belgian Company for Industrial Investments S.A.E, which is the manufacturer of the brand "Ole", a manufacturer of croissant, cakes. (" Referred herein after as the Egyptian Belgian Company ") regarding the acquisition by Edita or any of its designated affiliates or subsidiaries to assets owned by the Egyptian Belgian Company; and Edita Company wishes to announce that no satisfactory agreement has been reached, and therefore negotiations on such transaction have been suspended.

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Contacts

Ms. Menna Shams El Din

Investor Relations and Business Development Senior Director

T: +202 3851 6464 | M: +20 100 1542428 | menna.shamseldin@edita.com.eg

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