El Sewedy corrects statement regarding purchase of Spanish manufacturer M Torres Olvega

1 February 2009

Egyptian El Sewedy Cables has corrected its original statement in connection with the purchase of 30% of Spanish turbine manufacturer M Torres Olvega (“uåX˜äŠÊ˜·³Ç, December 2008). The agreement does not include an option for El Sewedy to buy the remaining 70% of M Torres Olvega, says El Sewedy.