Result of Tender Offer

 
TIDMEGP

THE EGYPT TRUST Société Anonyme d'InvestissementRegistered Office: 11, rue Aldringen, L-1118 LuxembourgR.C.S. Luxembourg B 55 584

Notice to shareholders - Result of Tender Offer

Luxembourg, January 2011

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 2011 :

Before , February 23rd, 5 p.m. Luxembourg time for the redemption of end March 2011.

Results of the Tender Offer as per December 31, 2010

The Fund offered to redeem as of end of December 2010 10% per cent (202 948 shares) of its 2 029 486 outstanding shares. The Fund hereby announces that valid redemption requests representing 203 339 shares were received before the fixed deadline.

As redemption requests exceeded 10% of the shares outstanding, shareholders' solicitation had to be reduced on a pro rata basis according to the number of shares presented for redemption.

Shareholders who wish to redeem additional shares will need to apply again for redemption according to the procedure described here above.

Tender Price

The price per share payable to shareholders who have validly tendered their shares for redemption is USD 32.03 (33.72 USD with 5 % fees) and will be paid under value 14th of January 2011.

"Listing Category: Premium - Equity Closed-ended Investment Funds"

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