NEW YORK, August 2, 2007 — The Bank of New York Mellon, a global leader in asset management and securities servicing, has been appointed as fiscal, paying, listing and calculation agent for The Republic of Egypt's first local-currency-denominated bond to be structured with interest and principal payable in US Dollars.

The Egyptian Pound LE 6 billion 8.75% Notes due 2012 will be placed globally as part of Egypt's ongoing campaign to develop and integrate the country's domestic capital market with the international markets.

Dr. Youssef Boutros-Ghali, Egypt's Minister of Finance, said, "The Egyptian Pound Linked Global Note is the first step to create an international liquid benchmark for Egyptian Debt. The note will be followed by a 7- and a 10-year issuance in the coming months. In addition the Ministry is studying the possibility of having most of its existing Government Bonds trade and settle via Euroclear, which will improve and develop Egypt's capital market."

Karen Peetz, senior executive vice president and head of global corporate trust at The Bank of New York Mellon, said, "Our participation in this milestone transaction, along with our leading positions in the Egyptian depositary receipt, asset management and custody markets, highlight our commitment to the region. Our experience and success with handling market-leading transactions like the Republic's bond have positioned The Bank of New York Mellon to be the leading trustee for future financing activities in the region."

The Bank of New York Mellon's corporate trust services are delivered through The Bank of New York subsidiary. The Company, which services outstanding debt from 54 locations, including 18 outside of the U.S., provides trust services for all major debt categories, including corporate and municipal debt, mortgage-backed and asset-backed securities, collateralized debt obligations, derivative securities and international debt offerings.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and move their financial assets, operating in 37 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services and treasury services through a worldwide client-focused team. It has more than $20 trillion in assets under custody and administration and more than $1 trillion in assets under management. Additional information is available at www.bnymellon.com.

This announcement is not an offer to sell or a solicitation of an offer to buy any securities. The offering is made only by means of the prospectus.