Edita Food Industries - Finalizing a deal to acquire an additional cakes line

Cairo, 13 September, 2022

Edita Food Industries SAE ("the Company") announces that the company is in the final stage to acquire a used cakes production line from a company that stopped operations in the last recent years. The production line's value is around EGP 20 million.

The additional cake line will increase the company's total capacity to meet the consumer's growing demand; given that the company is currently operating at high utilization rates in this segment. It is also in line with the company's strategy to expand its capacities especially in its core segments.

Its worth noting that we are in the final stage of legal procedures to acquire the asset.

Contacts

Ms. Menna Shams El Din

Head of Investor Relations and Corporate Affairs

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END