For Immediate Release

HCSI One of AmCham Capital Market Luncheon’s Main Sponsors

Cairo, Egypt -November 27th, 2005- As part of HCSI’s efforts to raise awareness and promote growth and development of the capital markets in Egypt, HC Securities & Investment were one of the main sponsors of the “Egyptian Capital Market,” luncheon, held today by the American Chamber of Commerce (AmCham) at the Grand Hyatt Hotel.

“We believe that the reform measures initiated by the government on taxes and custom regulations, the vigorous privatization efforts among many others have positively impacted the investment climate in the country and are of utmost significance to future sustainable economic growth,” said Mr. Choucri, Chairman and Managing Director of HCSI. “By sponsoring the luncheon, we aim to do our part in enhancing awareness to help businesses and investors evaluate and come up with innovative financing and investment choices,” he added.

The luncheon was held to discuss the various factors that affect the stock market performance. Discussions touched upon equities trading volumes, which have flourished over this past year, propelled by a sizable flow of privatization deals; corporate earnings hike in 2005 and forecast growth in 2006. In sum, the outlook for the market was positive, despite of the rally by more than 130% since the beginning of the year, corporate earnings continue to promise low trading multiples of 13.0 times 2006 estimated earnings. .

“We are pleased to have HCSI on board,” said Hisham Fahmy, Executive Director from AmCham. “As one of the top securities and investment firms internationally, the company’s extensive expertise was a focal highlight in the event and a beneficial addition for all those present.”

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About HCSI:

HCSI is the holding company of HC Group and owns HC Brokerage and Hussein Choucri Financial Advisors. HCSI has developed its position as a leader in the Egyptian financial services industry and has initiated and cemented numerous relationships with Egypt’s most prominent companies and political figures and participated in the overall development of the Egyptian capital markets. HCSI is able to leverage on the vast global network of its shareholder Morgan Stanley.
The HC Group is active in investment banking, asset management and securities brokerage. The company’s shareholders equity was EGP 43 Million as of December 31st, 2003

Contact Information:

Ms. Malak Madkour
Assistant Media Relations Manager
Promoseven Weber Shandwick
Tel: (202) 736-3574/5
Fax: (202) 736-2821
Mob: (2) 010-1012001