BMI Bank (Bahrain) and Al Salam Bank-Bahrain merge

BMI Bank ( Bahrain) and Al Salam Bank - Bahrain merger

We refer to our earlier disclosure dated May 23, 2013 in relation to the BMI Bank (Bahrain) and Al Salam Bank - Bahrain (ASBB) merger and confirm that the ASBB Board has accepted the proposed exchange price of 11 shares of ASBB for each share of BMI Bank. This proposal is subject to approval at the EGM's of both banks, which are expected to take place in September / October of this year. We will inform the market when all approvals are in place and provide detail of the accounting treatment of our ongoing investment in the merged entity. Please also refer to the joint press release issued by both parties and for further information please contact Mr. Gordon Andrade - Head, Corporate Communications, BMI Bank email - [email protected] cell:+97339782225