CALL FOR EXPRESSION OF INTEREST FOR THE ACQUISITION OF A MAJORITY STAKE (50.52%) IN CARTHAGE CEMENT S.A

Object of the Call for Expression of Interest

The Tunisian State and Bina Corp (the “Sellers”), the controlling shareholders of Carthage Cement S.A (the « Company » or « Carthage Cement »), have decided to proceed, through a public tender, to the sale of majority stake (50.52%) in the Company to a strategic and/or a financial investor who is capable to insure its management and development.

For this purpose, the consortium formed by ECC MAZARS, IEG - TUNISIA – Corporate Advisory and Mrabet Avocats (the “Advisor”), is acting as the Exclusive Advisor of Al Karama for achieving the entire sale transaction (the “Transaction”).

The purpose of this Call for Expression of Interest (the “Call”) is (i) to inform investors about this Transaction, (ii) to describe the sale process, and (iii) to guide the interested investors on the prequalification document’s withdrawal.

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