For Immediate Release

HC Manages Suez Canal Bank Mutual Fund

Cairo, Egypt -April 19th, 2006- HC announces that it started managing the Suez Canal Bank Mutual Fund on November 20, 2005.

Since then, HC performed a review process of the fund’s operations with the auditors. This process was completed on Thursday April 6, 2006. HC announced the net asset value per certificate of EGP 309.44 on Sunday, April, 16th, 2006. It is worth noting that subscription and redemption of the funds’ certificates will be allowed through the branches of the Suez Canal Bank.

Suez Canal Bank Mutual Fund will join HC’s other equity funds that achieved the highest rates of return in the Egyptian stock market during the past two years. HC also manages Misr-Iran Development Bank Mutual Fund no. 1, and Banque Misr Mutual Fund no. 3 (formerly Misr Exterior Bank Mutual Fund).

Managing the Suez Canal Bank Mutual Fund marks a new success in HC’s history. It is a further confirmation of its leadership in the field of asset management, which resulted from the company’s professional competence as well as its extensive experience that extends for several years.



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Salah El Din Alwy
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