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EHC, Carbon Holdings’ subsidiary, participates in the 25th Investing in African Mining Indaba Conference

(Cairo, Egypt) – Carbon Holdings, a mid-to-downstream petrochemical company and catalyst of industrial development in Egypt, and its subsidiary Egypt Hydrocarbon Corporation (EHC) announced today its participation in Investing in African Mining Indaba, Africa’s largest mining investment event covering the entire supply chain.

Egypt Hydrocarbon Corporation has the capacity to produce 350,000 metric tons of Low Density Ammonium Nitrate (LDAN) per annum for the mining, quarrying and construction industries. Given its location in the Suez Canal Economic Zone, EHC can transport, via land and sea, its high-quality products across the entire continent and cost effectively.

The 25th anniversary of Mining Indaba is a global forum where all mining stakeholders including, companies, government delegates, investors and leading mining professionals gather from across the world with the purpose of advancing mining in Africa. The event offers an opportunity to network amongst an array of high-profile individuals and to celebrate how far the industry has progressed. Attendees this year will include South African President, Cyril Ramaphosa and President Nana Akufo-Addo of Ghana. The four-day event is being held from 4 – 7 February 2019 in Cape Town.

Chief Operating Officer of Carbon Holdings, Tarek Zaghloul commented:

“African Mining Indaba is a fantastic platform for us to showcase our high-quality materials produced by Egypt Hydrocarbon Corporation to key stakeholders in African mining. The products we produce in Egypt are essential for the mining supply chain and this forum allows us to showcase our expertise in this area at the highest level.”

Chief Commercial Officer of EHC, Andre Cunha commented:

“Africa is a key market for Egypt Hydrocarbon Corporation with huge potential and we are excited by what the future holds for the development of mining on the continent.”

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Contacts:

Carbon Holdings

Hana Shoukry

Tel: +20 (0)2 3344 4774

Email: info@carbonholdings.com

 

 

International Enquiries:

Hudson Sandler

Nick Lyon / Bertie Berger

Tel +44 (0) 207 796 4133

Email: carbonholdings@hudsonsandler.com

 

About Carbon Holdings:

Carbon Holdings is a privately owned midstream and downstream petrochemical and process industrial plant company and is the principal shareholder and sponsor of several projects in the industrial zone in the Northwest Gulf of Suez, Egypt. Established in 2008 by Chairman and Chief Executive Officer Basil El-Baz, Carbon Holdings is a leader in the development and operation of petrochemical manufacturing projects in Egypt. Its portfolio includes Oriental Petrochemicals Company (OPC), a top producer of polypropylene, and Egypt Hydrocarbon Corporation (EHC), a leading producer of nitric acid and low-grade ammonium nitrate in the Middle East and Africa. The company is also establishing the Tahrir Petrochemical Complex with an investment of circa US$11 billion, which will be located in Suez Economic Zone.

 

About the conference:

The 25th Investing in African Mining Indaba forum is the largest mining investment conference and the largest mining event in Africa. The forum’s mission is to advance mining in Africa, through bringing together more than over 700 investors and dealmakers, including major stakeholders, governments and mining companies. Mining Inaba is dedicated to supporting sustainable development, employment and education in Africa.

 

Forward-looking statements:

This communication contains certain forward-looking statements. A forward-looking statement is any statement that does not relate to historical facts and events, and can be identified by the use of such words and phrases as “according to estimates”, “aims”, “anticipates”, “assumes”, “believes”, “could”, “estimates”, “expects”, “forecasts”, “intends”, “is of the opinion”, “may”, “plans”, “potential”, “predicts”, “projects”, “should”, “to the knowledge of”, “will”, “would” or, in each case their negatives or other similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements containing information on future financial results, plans, or expectations regarding business and management, future growth or profitability and general economic and regulatory conditions and other matters affecting the Company.

Forward-looking statements reflect the current views of the Company’s management (“Management”) on future events, which are based on the assumptions of the Management and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. The occurrence or non-occurrence of an assumption could cause the Company’s actual financial condition and results of operations to differ materially from, or fail to meet expectations expressed or implied by, such forward-looking statements.

The Company’s business is subject to a number of risks and uncertainties that could also cause a forward-looking statement, estimate or prediction to differ materially from those expressed or implied by the forward-looking statements contained herein. The information, opinions and forward-looking statements contained in this communication speak only as at its date and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this communication.