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Ezz Steel Board Changes

Ezz Steel today announced that it has reorganized its Board of Directors and appointed Paul Chekaiban as Chairman and Managing Director.
Cairo, 16 May 2011 – ezzsteel (formerly: Al Ezz Steel Rebars S.A.E.) (EGX: ESRS; London Stock
Exchange: AEZD), the largest independent producer of steel in the MENA region, today announced that it has reorganized its Board of Directors and appointed Paul Chekaiban as Chairman and Managing Director, following the resignation of Ahmed Ezz from his position as Chairman. As part of the same reorganization, Alaa Abul-Kheir has resigned from his position as a Director of ezzsteel and
been replaced by Fayez Aly.


The new Board is as follows:

Paul Chekaiban, Chairman and Managing Director

Gamal Omar, Director

Raed El-Beblawy, Director

Mamdouh El-Rouby, Director

Mohammed El-Berry, Director

Fayez Aly, Director