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. Please be informed that for case # 27/2015 Commercial plenary /6 plenary court of CMA that was raised by one of the Company’s clients against NIC as the pervious liquidator of one of the funds, the verdict has been issued to oblige NIC to pay approximately one million & hundred thousand KD to the other party as well as five hundred KDs as lawyer’s actual fees.

The financial impact cannot be identified until final verdict, as NIC is willing to appeal against the verdict.