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ITEM16B. CODE OF ETHICS

B. Code of Ethics

Code of Conduct

The Swvl Board has adopted a code of conduct (the “Code of Conduct”) which applies to all of our employees, officers and directors, as well as all of our contractors, consultants, suppliers and agents in connection with their work for us. The Code of Conduct is posted on our website at www.swvl.com. We intend to disclose future amendments to, or waivers of, the post-combination Swvl’s Code of Conduct, as and to the extent required by SEC regulations, at the same location on our website identified above or in public filings. Information contained on our website is not incorporated by reference into this Annual Report, and you should not consider information contained on our website to be part of this Annual Report.

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