Announcement for Banks

                                     Invitation for Deposits Auction

     The Central Bank of Egypt Approved on 07/10/2008  the Following Operation
Deposits:

Operation Date

Duration days

Amount 
(LE mn.)

Maturity Date

Redeemed Amount
(LE mn.)

08/10/2008

14

2000

22/10/2008

8073
08/10/2008

20

2000

28/10/2008

08/10/2008

28

2000

05/11/2008

The Result for the Deposit Auctions on 07/10/2008

Duration (days)

7

Maturity Date

14/10/2008

Required Amount (LE. mn.)

25000

Submitted Bids

Nominal Value (LE. mn.)

21885

No. of Bids Offered

36

The Minimum Interest Rate (%)

11.850

The Maximum Interest Rate (%)

11.990

The Weighted Average Rate (%)

11.890

Accepted Bids

Nominal Value (LE. mn.)

21635

No. of Bids Accepted

34

The Minimum Interest Rate (%)

11.850

The Maximum Interest Rate (%)

11.900

The Weighted Average Rate (%)

11.889