Press Release

MNHD Reports c.520% Increase in Contracted Sales

Madinet Nasr Housing & Development Reports c.520% Increase in Contracted Sales for the Month of August 2016 to EGP 519.1mn; the Strongest Recorded One-Month Sales in the Company’s History Madinet Nasr Housing & Development (EGX: MNHD.CA, “MNHD”), Egypt’s leading urban developer, announced today its Contracted Sales figures for the eight-month period ending 31 August, 2016 showing impressive growth of 221% y-o-y to EGP 1.411 billion. Sales performance has particularly improved during the month of August 2016, showing a y-o-y growth of almost 520% to EGP 519.1 million versus the EGP 83.7 million recorded in August 2015.