Edita Food Industries - Summary of Resolutions of the Board of Directors Meeting of the company convened on Tuesday, 28 February 2023

Cairo, 28 February 2023

Edita Food Industries SAE ("the Company") announces that the Board of Directors Meeting of the Company convened on 28 February 2023 and unanimously resolved the following resolutions:

1. Approved the minutes of the previous board of directors meeting (no. 168) dated 26/2/2023.

2. Approved the Board of Directors report for the Company's activities for the fiscal year ending on 31 December 2022 and the Corporate Governance Annual Report & the Auditor's report thereon. Activitiest to be presented to the ordinary general meeting for its approval

3. Approved the Auditor's report on the standalone and consolidated financial statements for the fiscal year ending on 31 December 2022 and to be presented to the ordinary general meeting for its approval.

4. Approved the standalone and consolidated financial statements for the fiscal year ending on 31 December 2022 and to be presented to the ordinary general meeting for its approval.

5. Approved the proposal for distribution of dividends for the fiscal year ending on 31 December 2022, which entails distributing to the shareholders an amount of EGP 400 million from the Company's profits for the fiscal year ending December 31, 2022, by way of a coupon of 0.553 for each share and to be presented to the ordinary general meeting for its approval.

6. Approved the calling of the Ordinary General Meeting to convene and delegating the chairman of the company in determining the place and methodology of convening the meeting and amending the date of meeting, as the case may be.

7. Approved to amend the signatory authorities and spending limits of the Company.

8. The Board of Directors was updated on the Audit Committee report.

9. The Board of Directors was updated on the Remuneration Committee report.

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Contacts

Ms. Menna Shams El Din

Head of Investor Relations & Corporate Affairs

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

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