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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 to our disclosure letters on 6/5/2014, 5/11/2014, 10/11/2014, 22/12/2014 and 30/3/2015 respectively, we hereby declare that Gulf Investments Company (GIC) – a closed Bahraini shareholding company (under liquidation) represented by the liquidation committee, has repaid on 31/5/2015 portion of the debt amounting USD 8.4 million in the form of assets which is equivalent to approximately KD 2.5 million. This amount will be included within the profit of the second quarter of 2015 and currently it’s difficult to identify the other uncollectable amounts of the debt, which will be disclosed after completing all the liquidation procedures. It is also worth mentioning that, (NIC) has stopped consolidating the figures of the affiliate in our books since 31/12/1992, and full provision was taken against book value and our investment debt in (GIC).

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