As part of its corporate social responsibility, Palm Hills Developments (“Palm Hills” or “The Company”) placed one of its hotel properties, located in Cairo, under the supervision of the Egyptian Ministry of Health, with 71 positive cases already quarantined at the property. The Company will cover all expenses related to the full stay of patients, medical teams and supporting staff (including employees and maintenance workers of the hotel), coupled with financial aid to the Egyptian

Ministry of Health of EGP5 million to enhance the Ministry's precautionary measures and improve the operational efficiency of its central laboratories against the Corona Virus (“COVID-19”).

In addition, Palm Hills will cover the needs of 10,000 families from the daily work who were negatively impacted from COVID-19 crisis by EGP2.5 million throughout all governorates. Mr. Yasseen Mansour, PHD's Chairman & Group CEO, commented: “Egypt is currently going through unprecedented times which requires all Egyptians to be hand in hand with the nation seeking only one goal which is to overcome these exceptional moments, and support the state’s efforts in mitigating the impact of COVID-19. As the health of Egyptians is a top priority, we have contacted Her Excellency Dr.

Hala Zayed, Minister of Health, to discuss and coordinate what can we provide”. Mr. Yasseen Mansour praised the efforts of the Egyptian Government and the Ministry of Health in dealing with Corona Virus and confirmed that “All the support we provide to Egypt is a small part of returning the favor to a country where we grew up, worked and witnessed our success. We are ready to meet the Ministry of Health’s future needs as part of our social responsibility in supporting the Ministry's pioneering role and the team of doctors and nursing and enable them to perform their national duty in safety and peace”.

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