In reference to the instructions of the Capital Markets Authority regarding the disclosure of the material information and the mechanism of its announcement, and further to our letters to you on (4/05/2015, 20/04/2015, and 04/03/2015)) regarding the ruling issued in favor of National Investments Company in lawsuit No. 953/2014 issued by the High Court Partial Appeal/3 against Munshaat Real Estate Projects Co.

The court ruled to oblige Munshaat Co. to pay to National Investments Company an amount of US 22,500,000 and to pay expenses and an amount of KD 2,000 for the actual attorneys’ fees.

Noting that the investment amount is US 13,951,000