RNS Number:2527U
EFG-Hermes Holdings SAE
14 January 2004



                            EFG-Hermes

Notice to EFG-Hermes GDR Holders:

EFG-Hermes is pleased to announce that it has concluded the subscription to its
EGP200 million (40 million shares) rights issue. The number of shares subscribed
to in round 1 was 12,685,367 shares. The number of shares left for subscription
in round 2 was 27,314,633 shares. This number of shares was over subscribed to;
hence the allocation in round 2 was approximately 42.2%.

The company is currently completing all legal and administrative procedures to
issue the mentioned shares.

For further information please contact:

Tarek El Shawarby
Investor Relations Department
Tel: +202 3361-606
Fax: +202 3361-536
tshawarby@efg-hermes.com

Ramsay Zaki
CFO
ramsay@efg-hermes.com

Hesham Khalil
Assistant to the CFO
Khalil@efg-hermes.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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