THE EGYPT TRUST 
    Soci�t� Anonyme d'Investissement
    Registered Office: 11, rue Aldringen, L-1118 Luxembourg
    R.C.S. Luxembourg B 55 584
     Notice to shareholders 
    Luxembourg, December 2008
    As you know shareholders have the right to tender their shares for redemption on a quarterly basis subject to a 5%
redemption fee.
    The established procedures require that a notice of redemption must be presented to the Fund's TA Agent (European
Fund Administration S.A.) at least 30 days prior to the close of the quarter. The following cut-off will be applicable
for the forthcoming tender offers in the year 2009 :
    Before , February 25, 5 p.m. Luxembourg time for the redemption of end March 2009.
     Results of the Tender Offer as per December 29, 2008 
    The Fund offered to redeem as of end of december 2008 10% per cent (242 948 shares) of its 2 429 483 outstanding
shares.
    Shareholders who wish to redeem additional shares will need to apply again for redemption according to the
procedures described here above.
     Tender Price 
    The price per share payable to shareholders who have validly tendered their Shares for redemption is USD 21.08 (
22.19 USD with 5 % fees) and was paid under value 12(th)January 2009.
    


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