Establisihing & Operating A phosphate Fertilizer Plant

• Obtaining the approval of the Industrial Development Authority on the establishment of licensing factory with production capacity of 1,200,000 tons / year with approve No. 02/01/10/95 & the Financial Supervisory Authorityapproval to issue shares of the company on 06.14.2011 with No. 3098.Allocation of an area of 150,000 m2 in the industrial zone - Minya –Industrial Eastern Alatahra - east of the Nile,according to the minutes of receipt dated 16/02/2012.

• Conservation of the company’s shares at Bloom Bank Egypt on 2010/12/29.Obtaining contracts with Helwan Fertilizer Company for the supply of urea fertilizer 46% of their factoriesproduction at Al Tebeen for the amount of 5000 tons / month to use it to manufacture phosphate fertilizersstarting from 01/01/2011 for one year and to renewed automatically and which is necessary for the manufactureof super phosphate fertilizer.

• Feasibility Studies of the project have been prepared (technical - geology - economic - market study) from oneof the experienced consulting offices working in this field and the technical and geological study have beenfully completed as well as the economic study on 12/01/2012 by finbi company for studies (Dr. Amr Hassanein)

• Contract with Aresco company (one of ASEC companies) has been done for the supply and installation of theproduction line (turnkey)

• The average return on the capital is about 47%, and the average yield on the investment cost is about 26.7%,both of which far exceeds the revenue derived from the opportunity (10%)