Orascom Development : Life with Purpose 2023 ESG Bericht publiziert.

ABOUT THIS REPORT

This Environmental, Social and Governance (ESG) report marks a significant milestone for Orascom Development (OD). While we have been actively engaged in sustainable activities since establishing our first town, this report presents the first consolidated overview of our activities and external impact on sustainability. It notably includes our first greenhouse gas (GHG) emissions assessment covering operations across four countries.

We have chosen to structure our report following the recommendations of Global Reporting Initiative (GRI - see appendix 6.4 tables A-C) for reporting on sustainability and aligned with the United Nations Sustainable Development Goals (UN SDGs - see appendix 6.5 table A). In this respect, we also affirm our endorsement to the Ten Principles of the United Nations Global Compact (UNGC - see appendix 6.6 table A). Throughout the report, we have referenced the SDGs (see this page) to highlight where and how we have integrated these goals within the sustainability activities and strategies deployed throughout our operations.

By using GRI's framework, we are adhering to international guidelines on Environmental (for example air emissions, energy management and habitat protection), Social (for example consumer rights, community development and human capital) and Governance (for example anti-corruption, business ethics and anti-competition) pillars. Paired with our endorsement of the UNGC Ten Principles, we are committed to respecting human rights, labour rights, environmental protection, and anti-corruption laws.

Art. 964b of the Swiss Code of Obligations provides for reporting requirements regarding certain non-financial matters (see appendix 6.3 table A for a summary of how this report complies with these requirements).

Throughout the report, we have referenced the SDGs to highlight where and how we have integrated these goals within the sustainability activities and strategies deployed throughout our operations.

The data in this report covers the fiscal year 2023, from 1 January to 31 December 2023, unless specified otherwise.

The scope of this 2023 report includes nine destinations in the following geographies:

• Egypt: El Gouna and Makadi Heights by the Red Sea, Taba Heights on the Sinai Peninsula; Byoum in Fayoum; O West in west Cairo
• Montenegro: Luštica Bay
• Oman: Jebel Sifah and Hawana Salalah
• United Arab Emirates: The Cove Rotana Resort in Ras Al Khaimah

Andermatt Swiss Alps in Switzerland (in which OD currently holds a 49% stake and which is not consolidated in the Group's Financials) is not included in the scope of this integrated report, nor is our destination in the UK (West Carclaze) that started operations recently. A separate ESG report is available on Andermatt Swiss Alps' website: www.andermatt-swissalps.ch.

In 2023, we introduced unifying principles that guide our journey to transform Orascom Development from a family-owned business to a pre-eminent,multi-national developer. These principles comprise our shared vision, mission, and values.

We are pioneers in destination development with towns across Europe, the Middle East and North Africa. We work with private sector and public sector partners to build the structures and networks that enable our economies and societies to be more resilient, more prosperous, and more sustainable - in all senses of the word.

While our residences and hotels generally attract premium customers, we have also focused on creating jobs, housing and public places for the wider society. Lifting people out of poverty. Providing access to healthcare and learning. And building communities that work. This is placemaking at its best and most purposeful.

El Gouna, our first destination established in 1989, has long been committed to being a fully integrated, sustainable town. Over the years, our approach to placemaking has allowed us to replicate El Gouna's success in other integrated towns in Egypt and further afield in Europe and the GCC.

Throughout this report, you will find examples of how we are modernizing our current operations and properties, incorporating eco-friendly building designs, and bringing to life more sustainable communities in our towns.

We recognize the urgency of addressing climate change and acknowledge our responsibility as a global developer in contributing to a healthier planet. Our environmental commitment is best reflected in proactive, impactful measures we are taking to decarbonize our operations, enhance energy efficiency, conserve water responsibly, manage waste sustainably, and protect biodiversity actively. By putting resources into nature-based solutions

• such as protecting wildlife habitats or marine life, we enhance environmental resilience through greater ecological balance and improved ecosystems.

Our people are our bedrock, and their persistent dedication and hard work is instrumental in achieving our sustainable development goals. We prioritize their professional development, well-being and safety. We are nurturing a supportive and empowering environment through workplace practices and initiatives such as a new Learning and Development (L&D) platform we established in 2022 and adherence to local health and safety laws and compliance with international standards for health and safety management practices in our hotels.

This report comes as a milestone in our journey towards Orascom Development's sustainable future, and with full alignment and active support from our Board of Directors.

Our shared vision and roadmap for future growth reinforce our commitment to environmental sustainability, social responsibility, and transparent governance. We have a long-term view as we navigate the evolving landscape of responsible business practices and sustainable development.

Just as the climate crisis is indicative of the interconnectedness of our natural ecosystems, the way we do business has effects beyond our organization. Our processes, policies, sourcing and commitment to ethics also influence our people, suppliers, partners, and the broader economies of the markets where we operate. This underscores the importance of embedding transparency in our governance framework and leadership practices, ensuring that our stakeholders are well informed and integrity stands as a hallmark of our employees' shared values.

By focusing on the future and working with government and private sector partners to build trust, we can build better towns - improving efficiency, sustainability, and quality of life in our communities - while creating long-term value for our stakeholders. Together, we aim to continue making a lasting impact and building a better future for generations to come.

Sincerely,

Omar El Hamamsy

Group CEO

Orascom Development Holding

Orascom Development's operating business is organized along the following segments: Real Estate and Construction; Hotels; Destination Management and Other Operations and Land Sales. Each segment plays a strategic role in our integrated business model. Managing our activities through this structured approach allows us to optimize our operations within each segment, capture synergies at the destination level and deliver excellence across our operating business units.

GROUP

REAL ESTATE

Orascom Development's residential real estate offering plays a key role within our integrated towns to position us as a leader in the markets where we operate. Our successful track record is driven by high quality building standards, robust sales and pricing strategies, customer insights and technical acumen in developing homes that range from multi-tenant properties to high-end luxury villas across Egypt, the GCC and Europe.

HOSPITALITY

Orascom Development owns 33 hotels with more than 7,000 rooms in six countries, with facilities that are either self-managed by Orascom Hotels Management or by select third-party hotel managers under contract. We operate our hotels with internationally renowned strategic franchise partners, including Mövenpick, Radisson, Rotana, Steigenberger, Sheraton, and the luxury brand, The Chedi, or as independently branded properties.

DESTINATION MANAGEMENT AND OTHER OPERATIONS

This segment includes all key infrastructures and services needed for our towns to be self-sufficient (including all utilities) as well as operations delivered to turn our destinations into vibrant communities. These include the management of commercial assets, such as marinas, golf courses, sports facilities, leisure events, retail shops, and food and beverage establishments, as well as the delivery of a broad range of community activities (notably via our events agenda).

Orascom Development is listed on the SIX Swiss Exchange. To view its 2023 Annual Report, please visit: www.orascomdh.com/investor-relations

2023 HIGHLIGHTS

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