Al-Ezz Ceramics and Porcelain Company (GEMMA)

Recommendations

Date	Research Firm	Action	From	To
03/05/07	CIBC			Underperform

	2007	2008	2009
Underperform	1	0	0

Global - El Ezz Ceramics and Porcelain: HOLD Egypt - Global Investment House - 29 May 2008

Ras Al Khaimah Company for White Cement and Construction Materials	Maintain
Oman Cement Company	Maintain
Arabtec Holding	Maintain
Aerated Concrete Industries Company (ACICO)	Downgrade
Al Hassan Engineering Company	Maintain

Beltone - Daily Statistics Egypt - Beltone Financial - 06 January 2009
Prime - Daily Market Wrap Up Egypt - Prime Securities - 06 January 2009
Beltone - Daily Statistics Egypt - Beltone Financial - 05 January 2009
NCBC - MENA/GCC Equities: 4Q-08 earnings preview Saudi Arabia - NCB Capital - 05 January 2009
NCBC - MENA/GCC Equities: 4Q-08 earnings preview Oman - NCB Capital - 05 January 2009
Beltone - Daily Statistics Egypt - Beltone Financial - 04 January 2009
Prime - Daily Market Wrap Up Egypt - Prime Securities - 04 January 2009
Beltone - Daily Statistics Egypt - Beltone Financial - 30 December 2008
Beltone - Daily Statistics Egypt - Beltone Financial - 28 December 2008
Beltone - Egypt News Egypt - Beltone Financial - 24 December 2008