FIMBank plc - IFC becomes a shareholder of FIMBank plc.

Further to the Company Announcement dated 9th November 2005, FIMBank plc announced that the International Finance Corporation (IFC) has converted part of its subordinated convertible loan into FIMBank shares. Consequently, a total of 5,107,930 ordinary shares were issued to the IFC on 28th November,2005. These shares were admitted to listing on the Malta Stock Exchange on 30th November 2005.

Following the issue of these shares, FIMBank’s issued share capital increased to 71,150,553 fully paid up ordinary shares of USD0.50 each.

Shareholders holding more than 5% of FIMBank plc are:

Global Financial Holdings N.V. Kuwait 21.93%
Kuwaiti Interests for Financial Investment KSC Kuwait 24.19%
International Finance Corporation 7.18%
Astrolabe General Trading Contracting Co. Kuwait 6.05%