Hosni Mubarak has decided to step down as president of Egypt.
Vice-President Omar Suleiman made the announcement in a brief statement on state TV.
It came as thousands massed in Cairo and other Egyptian cities for an 18th day of protest to demand Mr Mubarak's resignation.
Protesters responded by cheering, waving flags, embracing and sounding car horns. "The people have brought down the regime," they chanted.
Mr Suleiman said Mr Mubarak had handed power to the high command of the armed forces.
"In the name of God the merciful, the compassionate, citizens, during these very difficult circumstances Egypt is going through, President Hosni Mubarak has decided to step down from the office of president of the republic and has charged the high council of the armed forces to administer the affairs of the country," he said.
"May God help everybody."
Protesters responded by cheering, waving flags, embracing and sounding car horns. "The people have brought down the regime," they chanted.
Mr Suleiman said Mr Mubarak had handed power to the high command of the armed forces.
"In the name of God the merciful, the compassionate, citizens, during these very difficult circumstances Egypt is going through, President Hosni Mubarak has decided to step down from the office of president of the republic and has charged the high council of the armed forces to administer the affairs of the country," he said.
"May God help everybody."
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