Results of the first meeting of the ordinary general assembly of the UCI's shareholders.

The first meeting of the ordinary general assembly of the UCI shareholders was held in Cairo as scheduled and the following decisions were made:

1- Report of the chairman of the board of directors on the
    works and results of the financial year 2006 was approved.

2- The report of Saba & company (auditors ) was listened to.

3- Balance sheet and the closing accounts for the financial year
    2006 were approved and the members of the board of
    directors were released from their obligations.

4- The recommendations of the board of directors regarding the     distribution of dividends amounting to( US $ 464,614) were     approved as follows:
    - An amount of US $ 25,895 as a provision for taxes.
    - An amount of US $ 46,461 as a compulsory reserve at the       rate of 15 % of the dividends.
    - An amount of US $ 392,258 as dividends transferred to the
      year 2007.

5- Saba & company were elected as the UCI's auditors for
    2007.

6- The recommendations of the board of directors regarding the     following were approved:
- Appointing Mr. Hassan Khalil Audah as member of the board of   directors in his capacity as the representative of the United   company for marketing and services (In place of Mr. Muneif
   Treesh)
- Appointing Mr. Ihab Yasser Bussiso as member of the board    of directors (provisional)