Filing pursuant to Rule 425 under the Securities Act of 1933, as amended Deemed filed under Rule 14a-12 under the Securities Exchange Act of 1934, as amended
Filer: OCI N.V.
Subject Companies: OCI N.V.; CF Industries Holdings, Inc.
Form S-4 File Number: [●] |
The following is an investor presentation posted to OCI N.V.s website on September 2, 2015.
OCI
OCI N.V. Investor
Presentation
September 2015
Combination with CF Industries
OCI
Combination with CF Creates the Global Nitrogen Leader
Summary Overview
On 6 August 2015, OCI and CF announced the agreement to combine
OCIs North American, European and Global Distribution businesses with CF Industries global assets
Combination creates the global nitrogen leader
- Creation of the worlds largest publicly-traded nitrogen company
- c.
12 million nitrogen-equivalent nutrient tons of production capacity by mid-year 2016
- Unparalleled growth pipeline: c.65% increase in production capacity
over the next 24 months
Significant value creation for both sets of shareholders
- Stock consideration and structure allows both sets of shareholders to participate in combination benefits
- OCI shareholders to participate directly in the significant upside and value creation resulting from expected run-rate synergies of over $ 500 million p.a. through a
significant ownership in the combined entity
Growth opportunities for OCI N.V. post close of transaction
- OCI anticipated to have strong balance sheet post-transaction to support a new round of investment
- Building on investment track record: shareholder IRR of c.40% on US$ basis achieved since listing in 1999
- OCIs management team remains at helm of the Company and fully committed to driving the Companys strategy through next phase of growth
- Significant upside potential from retained fertilizer and chemicals businesses
OCI
3
Transaction Overview
Combination to create the worlds largest publicly traded nitrogen company
Highlights
Approximately $ 8 billion enterprise value based on CF share price
of $ 60.53 on 4th August 2015
CF will become a subsidiary of a new holding company domiciled in the United Kingdom
OCI will contribute Dutch holding companies owning OCI Nitrogen, Iowa Fertilizer Company, OCIs trading
businesses (OCI Fertilizer Trading Ltd, OCI Fertilizer Trade & Supply BV), OCIs 80% stake in OCI Partners LP
OCI will also sell a 45% interest in Natgasoline1)
Structure
OCI will receive shares equal to a fixed 25.6% of new CF and $ 1,218 million consideration to be paid in a mix
of cash and shares2)
Ownership3) approximately CF: 72.3%, OCI: 27.7% based on currently
assumed total cash consideration of $ 668 m
Most of OCIs shares received in the combined entity will be distributed to its shareholders
New corporation to be led by existing CF management team
New corporation to have 10 Directors:
8 directors to continue from current CF board; 2 new directors:
Governance
Greg Heckman: former President and CEO Gavilon, current Member of the Board OCI N.V.
Alan Heuberger: Senior Manager at BMGI
Approximately $ 500 million of net annual run-rate
synergies
Combination allows both sets of shareholders to share in benefits of combination
Value Creation
Strong balance sheet post-transaction will provide OCI with the financial
flexibility to unlock further value
from its retained fertilizer and chemical businesses
Timing Subject to customary regulatory and shareholder approvals
Closing expected to occur in
2016
1 Call option to new CF on the remaining equity post completion of the project at the same valuation as the original 45% with equity appreciation of
10% per year going forward
2 Final consideration mix (cash and new CF stock), and resulting ownership split to be determined at closing. Of the $
1,218 million consideration to be settled in cash and shares, $ 518 million relates to the acquisition of a 45% stake in Natgasoline and will be settled in cash, and $ 700 million will be settled in cash or shares at CFs
election
3 Based on a CF share price of $60.53 as of 4 August 2015
4
Transaction Value Breakdown
Fixed 25.6% equity stake in new CF
- Value as at time of transaction
announcement $ 4.9 bn
- 25.6% in new CF to be decreased to reflect assumption of OCI NVs € 339 m Convertible Bond by new CF
$ 1,218 million consideration to be paid in a mix of cash and shares:
- $ 518 m relates
to the acquisition of a 45% stake in Natgasoline and will be settled in cash
- $ 700 m will be settled in cash or shares at CFs election:
If part is denominated in shares, the number of additional shares will be based on CFs share price at close and will be incremental to the fixed 25.6% in new CF.
The residual amount will be paid in cash
Proceeds to be used to pay off OCI corporate
liabilities
$ 1.95 bn net debt of the in-scope entities to be assumed by new CF
$ 8.0 bn*
25.6% stake in new CF
($ 4.9 bn
as of 4 August 2015)
$ 518 m cash
$ 700 m cash and/or
shares
$ 1.95 bn Net Debt
OCI
* Transaction value based on CF share price of $ 60.53 as of 4 August 2015
5
Transaction Value Correlated to CFs Share Price
Transaction Values at Different CF Share Prices ($ billion except share prices)
7.2
2.0
0.7
0.5
4.0
50.0
7.6
2.0
0.7
0.5
4.4
54.8*
8.0
2.0
0.7
0.5
4.9
60.5**
8.4
2.0
0.7
0.5
5.2
65.0
8.8
2.0
0.7
0.5
5.6
70.0
9.2
2.0
0.7
0.5
6.0
75.0
Total transaction Enterprise Value:
Net debt assumed by new CF
Consideration in cash/shares
45% Natgasoline equity sale
Implied equity value of 25.6%
share in new CF
CF share price (US$)
* CF share price as of 1 September 2015
* * CF share price as at time of transaction
announcement
For every $ 1 change in CFs share price, implied value of 25.6% share in new CF changes by c.$ 80 m or c.EUR 0.35 per OCI share 25.6% share
in new CF will be decreased to reflect the assumption of OCI NVs € 339 m Convertible Bond by new CF
The value of the $ 1,218 million consideration
to be paid in a mix of cash and shares is fixed
- $ 518 m for 45% Natgasoline equity sale and $ 700 m in cash or shares are not impacted by change in CFs
share price
OCI
6
Implied Enterprise Value of OCI NVs Remaining Assets
OCI1) Enterprise Value at Different Share Prices vs.
Transaction Enterprise Value using CF
Share Price of $ 55.842)
OCI NV Enterprise Value ($ bn)
Transaction
Enterprise Value ($ bn)
9.3
7.6
22.00
10.3
7.6
25.94*
11.2
7.6
30.00
12.4
7.6
35.00
OCI Share Price (€)
* OCI Share Price as of 1 September 2015
Implied enterprise value of remaining assets
- Current OCI market
capitalization at share price € 25.94 is $ 6.2 bn (€ 5.5 bn)
- Net debt as of 30 June 2015 $ 4.1 bn
OCIs net debt as shown pre-deleveraging
- Indicative net debt for OCI post-transaction
to be reduced, see slide 8
- OCI anticipated to have strong balance sheet post-transaction
OCIs Remaining Assets
51% of Sorfert 100% of EFC 60% of EBIC 55% of Natgasoline 100% of
BioMCN
Low cost Algerian nitrogen fertilizer producer with significant cash flow generation Egyptian nitrogen fertilizer operations 1.75mtpa methanol greenfield
project in the US One of Europes largest methanol producers
Significant EBITDA contributor Significant upside potential from improvement of local natural gas
supply dynamics CF will retain a call option for remaining 55% at $633mn, appreciating at 10% annually Pioneer in bio-methanol market
Potential for significant
value creation through various strategic initiatives
1. OCI NV at different share price scenarios and net debt as of 30 June 2015
2. CF share price as of 1 September 2015
OCI
7
OCI NV Anticipated to Have Strong Balance Sheet Post-Transaction
Post-transaction OCI expected to have the balance sheet strength and financial flexibility to unlock further value
- Indicative net debt post close of transaction, excluding Natgasoline project financing, of approximately $ 1.0 to 1.1 bn
- In addition, OCI is currently expected to retain c.2% of new CF shares (currently c.$ 0.4 bn) to further strengthen balance sheet
OCI post-transaction expected to have no corporate debt
- Revolving Credit Facility ($ 550 m)
will be paid off
- Convertible Bond (€ 339 m) will transfer to and become convertible into shares of new CF1)
- Uses for the consideration cash / new CF shares of $ 1.2 bn include paying off all corporate level loans and deal related expenses
- Post all settlements expected remaining net cash at corporate level of $ 150-200 m
Residual
net debt all at operating company level
- Sorfert net debt as of 30 June 2015 c.$ 900 m, deleveraging rapidly
- EFC and EBIC combined net debt as of 30 June 2015 c.$ 650 m
Natgasoline will be fully
funded at operating company level
- Expect Natgasoline non-recourse project finance debt of up to $ 1.4 bn to be put in place
- Of which expected to be spent c.$ 300 400 m during H1 2016
- Call option, exercisable
by new CF post-completion of the project, for remaining 55% of Natgasoline at $ 633 m, appreciating at 10% annually (not included in indicative net debt)
1) 25.6%
share in new CF will be decreased to reflect the assumption of OCI NVs € 339 m Convertible Bond by new CF
OCI
8
OCI N.V. CORPORATE OVERVIEW
History and Value Creation
OCI
Company History
1950 -
Present
Construction
Established in the 1950s by Onsi Sawiris as a
construction contractor in Egypt
Developed into a leading industry player across the Middle East, Asia, USA and Europe
1996 - 2007
Cement Build-Up Developed cement group from a single production line in Egypt with
capacity of 1.5 mtpa to become a top 10 worldwide producer by 2007
Portfolio comprised an emerging market-wide platform of nearly 44 mtpa spanning 12 countries
1999
IPO
Floated on the Egyptian Exchange in 1999 at a value of c. $ 600 m
Cement Divestment
Divested the cement business to Lafarge at an EV of $ 15 bn
2007 Distributed
$11 bn in cash dividends and retained $ 2 bn which was seed money for fertilizer initiatives
Purchased EFC, increased its stake in EBIC to 60%, and started
greenfield construction in Algeria
Acquired Royal DSM N.V.s Agro & Melamine businesses in 2010
2008- Present
Natural Gas Based Products
Acquired and rehabilitated OCI Beaumont in 2011 and listed OCI Partners in October 2013
Started construction of IFCo, a c. 2mtpa production complex in Iowa, USA in November 2012
Established Natgasoline that will construct a world scale greenfield methanol plant in Beaumont, Texas
2013 - 2014
Transformation into OCI N.V.
OCI N.V. lists on the NYSE Euronext Amsterdam and acquires OCI S.A.E. (former parent listed in Egypt)
Started production at Sorfert in Algeria in August 2013
Construction Demerger
Orascom Construction demerged: $ 1.4 bn repayment of capital to OCI N.V. shareholders
2015
Combination with CF Industries
OCI N.V. becomes pure-play natural gas-based
fertilizer & chemicals company
2016 Combination of OCIs US and European fertilizers and methanol assets with CF Industries global assets to create
a global leader in nitrogen fertilizers
OCI
10
Investment Track Record
Creating Shareholder Value
OCIs Shareholder Value Creation: 40% IRR
1999 IPO Present
History of successful investments including:
Cement (1996 2007): became top 10 global cement producer primarily through greenfield investments; sold the cement business to Lafarge at an EV of $ 15 bn and distributed $ 11 bn in cash dividends
Ports: held BOT stake through construction of key port in Egypt and exited at 20.6x EV/EBITDA multiple
Gavilon: sale of 18.1% stake in Gavilon, a commodity management firm, for a total consideration of $ 666.7 million. OCI acquired a 20% stake in Gavilon in 2008 for $ 340
million
Fertilizer & Chemicals: retained $ 2 bn from the cement disposal to invest in the fertilizer & chemicals industries, growing from a single
plant with capacity of 1.3 mtpa in 2008 to 8.4 mtpa by 2015 and further 4.2 mtpa under construction
History of successful acquisitions that have helped shape the
current portfolio of fertilizer & chemicals activities:
OCI Nitrogen in The Netherlands in 2010
OCI Beaumont in 2011
Demerger of construction business (Orascom Construction) in March
2015
Recent Transactions
DP WORLD
Sale of 50% stake in ECHCO to DP World
Sept 2007
LAFARGE
Sale of OCI Cement Group to Lafarge
December 2007
OCI
NITROGEN
Acquisition of OCI Nitrogen from DSM
May 2010
OCI
IPO of OCIP on NYSE
October 2013
ORASCOM
CONSTRUCTION
Dual Listing of OC on EGX and Nasdaq Dubai
March 2015
OCI
11
OCI N.V. POST TRANSACTION
OCI
OCI N.V. Post-Transaction
Investment Case
Investment Highlights
OCI Post-Transaction:
OCI will continue to own 51% of Sorfert, 100% of EFC and BioMCN,
60% of EBIC, 55% of Natgasoline
OCI N.V. remains headquartered in Amsterdam and listed on Euronext Amsterdam
OCIs management team remains at helm of Company and fully committed to drive next phase of growth
Investment track record: shareholder return IRR of c.40% on US$ basis achieved since listing in 1999
Major transformations through investments in value accretive businesses in past 15 years
Strategy focused on developing new investment opportunities to drive value creation
Supported by strong balance sheet:
Strong balance sheet will provide financial
flexibility to unlock further value from retained businesses
Supports new investment opportunities, gives the company flexibility to tap into capital
markets if and when needed
No debt at the corporate level
Significant
upside potential from existing operations:
Sorfert building up to its full potential: strong free cash flow generation; deleveraging rapidly
Focus on improving capacity utilization at EFC and EBIC in Egypt to unlock value of high quality assets
Recent positive news flow in Egypt: second LNG FSRU arriving in country, discovery by ENI of supergiant gas field
OCI
13
OCI N.V. Post-Transaction
Overview of Assets
OCI Assets Post-Transaction
Sorfert (51%)
Sorfert: largest integrated nitrogen fertilizer producer in Africa
Capable of producing 1.2 million tons urea and 1.6 million tons gross anhydrous ammonia per year
EFC (100%)
Egyptian Fertilizers Company: 1.55 million metric ton per year
granular urea plant
Located in Ain Sokhna, Egypt
325 thousand metric ton per
year urea ammonium nitrate blending unit added on-site in 2010
EBIC (60%)
Egypt Basic Industries Corporation: 0.73 million metric ton per year anhydrous ammonia plant
Located in Ain Sokhna, Egypt
Owns and is connected by pipeline to two 40 thousand metric ton
refrigerated ammonia storage tanks next to the loading jetty at Sokhna Port
BioMCN (100%)
440 ktpa methanol producer
Pioneer in bio-methanol production based in the Netherlands
Natgasoline (55%)
World-scale methanol production complex under construction
in Beaumont, Texas
Expected to have a capacity of up to approximately 1.75 million metric tons per year, and is scheduled for completion in 2017
It will be the largest methanol production facility in the United States based on nameplate capacity
SORFERT
EFC
EBIC
BioMCN
Natgasoline by OCI
OCI
14
OCI N.V. Post-Transaction
4 Operating Production Facilities in 3 Countries and 1 Under Construction
BioMCN (Netherlands)
440 ktpa of methanol
(operational)
430 ktpa of methanol
(mothballed)
Egyptian Fertilizers Company
(EFC)
1.55 mtpa of urea
Egypt Basic Industries Corp.
(EBIC)
730 ktpa of ammonia
Natgasoline LLC
Under construction
Planned capacity:
- 1.75 mtpa of methanol
Sorfert Algérie
800 ktpa of sellable ammonia
1.26 mtpa of urea
Egyptian Fertilizer Company
Sorfert, Algeria
Largest fertilizer complex in Africa
Natgasoline aerial site view
OCI
15
OCI N.V. Post-Transaction
Upside Potential from Egyptian Operations
Focus on Improving Capacity
Utilization
On 30 August 2015, ENI announced the discovery of a supergiant gas field in the Egyptian offshore, the largest ever found in the
Mediterranean Sea
The discovery, after full development, will be able to ensure satisfying Egypts natural gas demand for decades
Field could hold a potential of 30 trillion cubic feet of lean gas in place, therefore representing one of the worlds largest natural gas finds
Egyptian government ramps up LNG imports
The Egyptian government has entered into a
contract with BW Maritime for a second floating storage and regasification unit (FSRU), expected to be in place by end September and ready for operations in October 2015
First shipments of imported LNG arrived in April 2015 which has improved supply to the fertilizer industry
Significant upside potential for our Egyptian operations
Expect improved natural gas
supply from Q4 2015 when second FSRU arrives in Egypt
EFC and EBIC remain globally competitive:
EFC - Overview
Egypts largest private granular urea producer
Two identical plants producing total of c.840 thousand metric tons per year of captive anhydrous ammonia and 1.55 million metric tons per year of granular urea
Also has 325 thousand metric ton per year Urea Ammonium Nitrate (UAN) blending unit, installed in 2010
EBIC - Overview
730 thousand metric ton per year export focused merchant anhydrous ammonia
production facility located in Ain Sokhna, Egypt
Production process between EFC and EBIC streamlined wherever possible; sharing of some utilities, primarily
electricity and waste water
OCI
16
OCI N.V. Post-Transaction
Sorfert Ramping Up to Full Potential, Deleveraging Rapidly
Plant Overview
1.26 mtpa urea and 1.8 mtpa gross ammonia export-focused production complex in Algeria
New facility, started up at end-2013
OCI ownership 51%, Sonatrach 49%
Strategic location with easy port access
Largest integrated nitrogen fertilizer producer in
Africa
Strong Cash Flow Generation
Sorfert ramping up successfully:
1.4 million metric tons of ammonia and urea sold in 2014
Running at times above design capacity and on track to reach full potential in 2015
Sorfert benefits from a competitive low price long-term gas contract
Sorfert building up to full potential
Significant contributor to
Consolidated Group EBITDA in 2014
Rapid deleveraging in Sorfert set to continue as a result of strong cash flow generation and devaluation of DZD
OCI
17
Natgasoline LLC
Greenfield Scheduled for Completion in 2017
Natgasoline LLC
World scale greenfield methanol production complex currently under development
Expected to produce approximately 1.75 million metric tons of methanol per year
Located in Beaumont, Texas, on plot adjacent to OCI Beaumont
Air Liquide
Global E&C Solutions will supply proven Lurgi MegaMethanol® process technology, which was developed for world-scale methanol plants with capacities greater than one million metric tons per annum
Agreement with Air Liquide to purchase oxygen and other industrial gases over the fence
Construction Progress
Construction 24.0% complete as at 31 July 2015
Texas Commission on Environmental Quality (TCEQ) and EPA permits have been received
Procurement of long lead items has been completed
Permanent construction has begun, two piling
rigs have been mobilized and piling program is forecast for completion in September 2015
Focus for rest of 2015 will be steel structure, underground activities and
finalizing detailed engineering and procurement
OCI
18
BioMCN
Unlocking
Strategic Value
BioMCN Overview
OCI acquired BioMCN in June 2015 for EUR 15M
BioMCN is one of Europes largest methanol producers and a pioneer in bio-methanol
Consists of two plants, of which one operational (440 ktpa) and one mothballed (430 ktpa)
The
plant site is located at the Chemical Park Delfzijl, The Netherlands, is connected to the national natural gas grid and has easy logistical access to major European end markets via road, rail, barge and sea freight
BioMCN sources bio-gas from waste digestion plants through the Dutch national gas grid by purchasing bio-gas certificates to label methanol as biomethanol
Strategic Location in The Netherlands
Strategic Value
Low investment cost for entry into European market, 15
20% market share
Methanol consumption in Western Europe is currently more than 7 mtpa , of which more than 5 mtpa is imported - deficit is expected to continue to increase for foreseeable future.
Entry into the biomethanol market
Weaker European natural gas market will
lower future feedstock costs
OCI
BioMCN
19
Listing Information
OCI
OCI N.V. Listing Information
Listing Information
Headquartered in Amsterdam, The Netherlands
Trading on Euronext Amsterdam since 25 January 2013 (NYSE Euronext: OCI)
Number of shares:
210,113,854
Demerger of Construction business effective 9 March 2015:
$ 1.4 bn repayment of capital to OCI N.V. shareholders, equivalent to c.EUR 6 per share
Market cap: EUR 5.5 billion as at 1 September 2015
Options trading: Euronext introduced options on OCI N.V. shares as of 13 December 2013
Index
inclusions: trading as part of the AEX, STOXX Europe 600, Euronext 100 indices
OCI Partners: listed 21.7% of the Master Limited Partnership (MLP) on NYSE on 4
October 2013
Following capital contributions in exchange for common units in 2014 and 2015, OCI N.V. owns 79.88%
OCI
21
Disclaimer
Forward
Looking Statements
Certain statements contained herein are forward-looking statements that are subject to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking statements address certain plans, activities or events which OCI expects will or may occur in the future and relate to, among other things, the business combination transactions
involving OCI, the new holding company and CF, financing of the proposed transactions, the benefits, effects and timing of the proposed transactions, future financial and operating results, the combined companys plans, objectives, expectations
(financial or otherwise) and intentions. Various risks, uncertainties and other factors could cause actual results to differ materially from those expressed in any forward-looking statement, including the possibility that the various closing
conditions for the transactions may not be satisfied or waived, including the ability to obtain regulatory approvals of the transactions on the proposed terms and schedule; the risk that competing offers will be made; the failure of OCI or CF
shareholders to approve the transactions; the risk that access to financing, including for refinancing of indebtedness of the new holding company or CF, may not be available on a timely basis and on reasonable terms; the outcome of pending or
potential litigation or governmental investigations; the risk that the businesses will not be integrated successfully or such integration may be more difficult, time-consuming or costly than expected; uncertainty of the expected financial
performance of the combined company following completion of the proposed transactions; the combined companys ability to achieve the cost savings and synergies contemplated by the proposed transactions within the expected time frame; disruption
from the proposed transactions making it more difficult to maintain relationships with customers, employees or suppliers; changes in tax laws or interpretations, including but not limited to changes that could increase the new holding companys
or CFs consolidated tax liabilities, or that would result, if the transactions were consummated, in the new holding company being treated as a domestic corporation for U.S. federal tax purposes, or that could impose U.S. federal income taxes
in connection with the spin-off from OCI; and general economic conditions that are less favorable than expected.
Consequently, all of the forward-looking
statements made by OCI, the new holding company or CF in this and in other documents or statements are qualified by factors, risks and uncertainties, including, but not limited to, those set forth under the headings titled Forward Looking
Statements and Risk Factors in CFs most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (the SEC) up to the date hereof, which are
available at the SECs website http://www.sec.gov.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as
of the date hereof. Neither OCI, the new holding company, nor CF undertake to update or revise these forward-looking statements even if experience or future changes make it clear that projected results expressed or implied in such statements will
not be realized, except as may be required by law.
OCI
Disclaimer
Important
Additional Information and Where to Find It
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a
solicitation of any vote or approval.
In connection with the proposed transactions, the new holding company will file with the SEC a registration statement on Form
S-4 that will include as prospectuses a shareholder circular of OCI and a preliminary proxy statement of CF. After the registration statement has been declared effective by the SEC, the shareholder circular/prospectus will be mailed to OCI
shareholders and a definitive proxy statement/prospectus will be mailed to CF shareholders. INVESTORS AND SHAREHOLDERS ARE URGED TO CAREFULLY READ THESE DOCUMENTS (INCLUDING ALL
AMENDMENTS AND SUPPLEMENTS THERETO), AND ALL OTHER DOCUMENTS RELATING TO THE TRANSACTIONS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT THE PROPOSED TRANSACTIONS. You may obtain a copy of the shareholder circular/prospectus and the proxy statement/prospectus (when available) and other related documents filed by OCI, the new holding company and CF with the SEC
regarding the proposed transactions, free of charge, through the website maintained by the SEC at www.sec.gov, by directing a request to OCIs Investor Relations department at investor.relations@oci.nl, tel. +31 6 1825 1367, or to CFs
Investor Relations department at investorrelations@cfindustries.com, tel. +1-847-405-2550. Copies of the shareholder circular/prospectus, the proxy statement/prospectus and the filings with the SEC that will be incorporated by reference therein
(when available) can also be obtained, free of charge, through OCIs website at www.oci.nl under the heading Investor Relations and through CFs website at www.cfindustries.com under the heading CF Industries (CF)
Investors and then under the heading SEC Filings.
Participants in the Solicitation
OCI, the new holding company, CF and their respective directors, executive officers and certain other members of management and employees may be deemed to be participants in the
solicitation of proxies in favor of the proposed transactions. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of proxies in favor of the proposed transactions will be set forth
in the proxy statement/prospectus/shareholder circular when it is filed with the SEC. You can find information about OCIs executive and non-executive directors in its 2014 annual report filed on April 29, 2015 available on OCIs website
at www.oci.nl under the heading Investor Relations and about CFs directors and executive officers in its definitive proxy statement filed with the SEC on April 2, 2015. You can obtain free copies of these documents from OCI or CF
using the contact information above.
OCI
OCI
EBIC
Egypt Basic Industries
For OCI N.V. investor relations enquiries contact:
Hans Zayed
hans.zayed@oci.nl
T +31 (0) 6 18 25 13 67
OCI N.V. corporate website: www.oci.nl