Egypt Trust Fund


RE: Top Holdings

The Egypt Trust

Top Ten Holdings And All Holdings Over 5% Of
 Total Net Assets As At December 31, 2007

Stock                               % of Total
                                     Net
                                     Assets
----------------------------------------------
Orascom Construction Industrie           7.07%
Telecom Egypt                            6.95%
Orascom Telecom Holding                  6.77%
Commercial Int'l Bank                    6.06%
National Societe Generale Bank           6.06%
Orascom Hotels and Dev                   5.42%
Egyptian Int'l Pharma Invest             5.38%
Egyptian Financial & Industrial Co       5.35%
Heliopolis Housing & Dev                 4.71%
Alexandria Mineral Oils                  4.53%



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