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March 31, 2016

Cairo Poultry Group (CPC) acquires 100% of Joe Trade Assets

Cairo Poultry Company, a leading fully integrated poultry group in Egypt, announces its successful acquisition of 100% of Joe Trade Assets specialized in aqua feed & pet food production.

This transaction further emphasizes the attractiveness of the Egyptian aqua feed market, as well as attractiveness in investment opportunities in Egypt currently. As a result of the acquisition, CPC is adding a new product lines to its current product mix. CPC will develop on such new products its recipes, quality and economy of scale, hence enhancing aqua culture’s feed conversion ratio that enjoy higher nutritional values and quality standards, in addition to the increase in fish breeders awareness towards the extruded aqua feed.

It is worth mentioning that Egypt is one of the world top three aquaculture producers, specifically Nile Tilapia, accounting for approximately one million metric ton per annum of production.

Our team was able to conclude such transaction regardless the sophistication of the transaction that involved several strategic, financial and legal initiatives.

CPC team of advisors were Helmy, Hamza and Partners (member of Becker & Mackenzie International) as a legal advisor, and KPMG Hazem Hassan as a tax advisor team.

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