1. ODEON TOURS EGYPT

2. Russia Ukraine Poland MAIN MARKETS

3. MARKETS 2011 PAX REALIZATION 2012 PAX REALIZATION 2013 PAX 9 MONTHS 2013 PAX EXPECTED RUSSIA UKRAINE POLAND 236.279452.026320.767430.598

4. MARKETS EXPECTED PAX NUMBERS IN 2013 % RUSSIAN361.19584 % UKRAINIAN39.8409 % POLISH29.5637 % TOTAL430.598

5. MARKETS TOTAL EGYPT ARRIVALS 2012 ODEON TOURS ARRIVALS 2012 MARKET SHARE IN 2012 RUSSIAN 2.282.212374.67216 % UKRAINIAN 284.11631.16011 % POLISH 382.44046.19412 %

6. MARKETS TOTAL EGYPT ARRIVALS 2013 9 MONTHS ODEON TOURS ARRIVALS 2013 9 MONTHS MARKET SHARE IN 2013 9 MONTHS RUSSIAN 1.572.525261.19516 % UKRAINIAN 196.94831.80916 % POLISH 199.43127.76313 %

7. 2013 REALIZED PAX NUMBERS TILL OCTOBER 320.767 2012 REALIZED PAX NUMBERS TILL OCTOBER 343.357 Comparing the first 9 months of 2012 and 2013 There is 7 % decrease in pax numbers due the the political unrest in Egypt.

8. RUSSIAN ARRIVALS (SSH & HRG) TOUR OPERATORS TOTAL ARRIVALS PEGAS 435,262 BIBLIO GLOBUS 383,338 TEZ TOUR 268,267 CORAL TRAVEL & SUNMAR 261,143 ANEX TOUR 160,751 TUI 95,684 INTOURIST 48,468 TOTAL ARRIVALS 1,652,913

9. UKR ARRIVALS (SSH & HRG) TOUR OPERATORS TOTAL ARRIVALS ANEX TOUR 42,216 PEGAS 40,634 TEZ TOUR 34,311 CORAL TRAVEL 31,917 TUI 20,741 BIBLIO GLOBUS 563 INTOURIST 289 TOTAL ARRIVALS 170,671

10. POLISH ARRIVALS (SSH & HRG) TOUR OPERATORS TOTAL ARRIVALS WEZYR 27,755 SUN & FUN 26,502 TRAVEL WAYS (EXIM & ITAKA ) 24,845 REGENCY (ALFA STAR ) 18,391 PLANET (BEE FREE &RAINBOW) 9,150 TUI 5,520 TOTAL ARRIVALS 112,163

11. 2011 TURNOVER REALIZATION 2012 TURNOVER REALIZATION 2013 ESTIMATED TURNOVER 16.831.704 USD29.176.544 USD26.762.331 USD

12. REGIONSHOTELS Sharm 124 Hurghada 97 Marsa Alam 24 Taba17 Dahab9 Total271

13. REGIONSOFFICEGUIDESTOTAL% HURGHADA12313826166 % SHARM EL SHEIKH 369212833 % CAIRO303 1 % LUXOR101 TOTAL EGYPT163230393 %41 %59 %

14. ISO 9001:2008 Quality Management System has been applied in Odeon Tours Egypt and will be certified in December 2013. In 2013 ODEON TOURS updated its OTIS and GP Softwares. We changed our garage. We arranged training programs for drivers and guides. Security cameras has been installed in our offices and in our garage. Shopping suppliers have developed in general. CHANGES AND NEWS IN 2013

15. Summary of 2013 Egyptian tourism adversely affected in 2013. Political unrest following January 2011 affected tourist areas. Business stopped this year between the dates 18th of August and first of October for 43 days. There are still curfews in place in some cities. Hurghada, Sharm and Marsa Alam are safe cities: business has resumed. I have lived and worked in the Antalya region for 25 years. With one year’s experience working in Egypt, let me compare briefly the two countries. Egypt’s tourist spots are the most serious competitors to Turkey’s. If you look at the weather forecast, Hurghada is warmer then Antalya in any season, especially in the summer. But the fact is, with the low humidity and lack of rain, guests feel (from a climate point of view) much better in Egypt then in Antalya.

16. Summary of 2013 The Red Sea is a part of the Indian Ocean. Its underwater world, rich with marine life is superior to that of the Mediterranean. I believe, after a few peaceful years in Egypt, we may easily reach the pax numbers of Antalya. Therefore, I strongly recommend to our operators, depending on the availability of flights, to concentrate on Egypt more in the summer time. We serve our strong tour operator partners from Russia, Ukraine and Poland in Egypt. Normally we have no occupation problems. It's time to manage our own hotels here. Starting with one hotel in Sharm: implement our concept there and enlarge accordingly. I see it as an opportunity for us. I hope for all of us, to have a productive season.

17. THANK YOU…