TITAN~ CEMENT EGYPT

Alexandria Portland Cement Co. S.A.E.Subject to law 159 for 1981

Minutes of the Audit Committee Meeting ofAlexandria Portland Cement Company for thefinancial period from 0110112019 till 30/09/2019

Date: November 11,2019

The meeting was attended by the Committeemembers of the non-executive Board of Directors:

- Mr. Loukas Petkid isChairman of the Audit CommitteeDr. Farouk NasserMember of the Audit committee

- Mr. Mohamed Magdy EI BatityMember of the Audit Committee

- Dr. Hany Sary EL DinMember of the Audit Committee

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The Chairman of the Audit Committee, Mr. ul.o~1 r.!~ ~);.JI ~ ~.J U";!~ U"\S") /~I I"~ ~JPetkidis, offered all required information and

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Committee regarding the figures and presentation .~WI r-'i;J1 ~y:..Jof the financial statements.

Mr. Ibrahim Naguib, Head of Shareholders u~)k. o!Ji..lI ~.J)Relations, attended the meeting.

The Audit committee discussed the following:

1) The financial statements for the period from01101/2019 till 30109/2019 and recommendedpresentation to the Board of Directors forapproval.

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TTAN GROUPALEXANDRIA PORTLAND CEMENT CO.Florida Tower, EI Sheikh Ali Gad EI Haq St., 7th floor, Heliopolis, Cairo, Egypt

Tel.: +2 02 26967000, Fax: +2 02 226861921 191/190

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2) The activity of the Internal Audit Departmentand especially the results of the auditsconducted during the period from 0110112019till 30109/2019.

After extensive discussions on the above items, themeeting of the Audit Committee was concludedwithout any remarks or recommendations.

Resolutions:

The members of the Audit Committee agreed topresent the unaudited financial statements for theperiod from 0110112019 till 30109/2019, to theBoard of Directors in its upcoming meeting that isscheduled to be held at 03:00 pm today, MondayNovember IIti1, 2019.

Mr. Loukas PetkidisChairman of the Audit Committee

Dr. Farouk NasserMember of the Audit Committee

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Mr. Magdy Mohamed EL BatityMember of the Audit Committee

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Dr. Hany Sary El DinMember of the Audit Committee

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\Iexandria portland Cement Co.

TITAN GROUPALEXANDRIA PORTLAND CEMENT CO.

Florida Tower, EI Sheikh Ali Gad EI Haq St., 7th floor, Heliopolis, Cairo, Egypt

Tel.: +20226967000, Fax: +2 02 22686192/ 191/190

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