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With reference to the above subject, and the CMA regulations number (هـ.أ.م/ق.ر./إ.م/2/2012) on the disclosure of material information and the announcement mechanism, and further to our previous disclosures on 29/7/2015 regarding the friendly settlement agreement between NIC and Munshaat Real Estate Projects Co. (K.S.C.P) concerning the execution of the judgment in the case number 953/2014, partial appeal/3, which the Court obliged Munshaat Real Estate Projects Co. (K.S.C.P) to pay back for National Investments Company a sum of USD 22,500,000. We would like to inform you that Munshaat Real Estate Projects Co. (K.S.C.P) has made a cash down payment of USD 11,250,000 on 28/7/2015 as a part of the debt in favor of NIC, which represents 50% of the total amount and the remaining amount will be paid as quarterly installments over a period ending on 30/9/2016. Further, the first mentioned payment will not have any financial impact on NIC. We will update you on the financial impact of the coming installments once these are collected.

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