Investor Presentaiton

Tourism in Egypt 9/11 EGP Tourism Sector devaluation Sharm El-Sheikh attacks Resilience, returning tourists and continued investment boost sector Tourist Arrivals to Egypt | Millions Breakdown of Arrivals by Region of Origin | Year 2014 11.1 8.6 9.1 8.1 6 5.2 12.8 12.3 14.7 Jan. 25 uprising Germany lifts travel warning June 30 protests 11.5 9.9 9.8 9.5 Taba and Nuweiba attacks Dahab attacks Mohamed Morsi elected president Taba attack 2011 2012 2013 2014 2015f 2016f Tourist numbers up 4.9% y-o-y in 8M2015 to 6.6 mn. • Tourism revenues reached USD 4.6 bn in 8M2015 reflecting a year-on-year increase of 2.2% Average number of nights spent grew 18.3% y-o-y in July 2015 to stand at around 9.5 nights Total number of nights spent had increased in the seven-month period (January to July) 2015 to reach approximately 53.6 mn compared to 50.1 mn during the same period in 2014 Americans, 2.5% others, 4.4% Arabs, 16.4% 14.1 13.1 Tourism on the Egyptian Red Sea Source: Ministry of Tourism, Tourism Investors Association, GAAFI, Egyptian Union for Tourism Chambers, CAPMAS Europe, 76.7% • • • Capacity in the Red Sea governorate stands at 69,000 hotel rooms, 31% of Egypt's total hotel capacity of 225,000 Occupancy rate in Sahl Hasheesh remains higher than norms in Egypt, standing at c. 75% in 10M 2015. Turnaround was aided by increased government spending on infrastructure projects such as the USD 335 million expansion of Hurghada International Airport, as well as investments made by forward-looking companies such as ERC to build-up capacity and infrastructure in the area 36 Investor Presentation 3Q 2015 ERC Egyptian Resorts Company

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