With reference to the abovementioned subject, and the CMA regulations issued on November 9, 2015, book number ten”disclosure and transparency on the disclosure of material information”. We refer to the disclosure sent on 19/01/2015 regarding the purchase of shares in a Joint Stock Lebanese Co., where NIC have declares that it has recently established a holding Co. with a capital of 6 Million USD in order to buy an investment in Lebanon as per the Lebanese Authorities instructions. Financial impact has not been determined yet and will be disclosed at a later stage.