FIMBank plc - EGM Resolutions Approved

On 1 February 2013, FIMBank plc announced that shareholders approved two special resolutions during an Extraordinary General Meeting held on 31 January.

The first resolution related to the offer received from United Gulf Bank B.S.C. (UGB) and Burgan Bank S.A.K. and the authority granted to the Directors to issue new shares to these two institutions without first offering them to the existing shareholders.

The second resolution increased the Authorised Share Capital to USD500 million divided into 1 billion shares with a nominal value of USD0.50 each to satisfy the new shares that will be issued in favour of UGB and Burgan.

Both resolutions are subject to pending regulatory approvals in Kuwait, Bahrain and Malta.