DCE retiring.To be appointed in non-executive role

Deputy Chief Executive retiring. To be appointed in non-executive role.

The Bank would like to inform the market that Mr. Sunder George will be retiring from his position as Deputy Chief Executive (DCE) with effect from December 31st, 2012. Mr. George will continue with the Bank in the capacity of Chief Advisor, which is a non-executive role. The present Executive Management team will continue with Mr. Abdul Razak Ali Issa as Chief Executive, Mr. Ahmed Al Abri as Chief Operating Officer, Mr G. Sridhar as Group General Manager- Corporate Banking and International Operations , K. Gopakumar as Group General Manager- Retail, Investments and Global Markets, Mr. Sulaiman Al Harthi as Group General Manager-Islamic Banking and Mr. Waleed Al Hashar as Group General Manager- Corporate Services. The position of Deputy Chief Executive will cease to exist.

The Bank would like to extend its gratitude and appreciation to Mr. George for his valuable contributions to the Bank's growth and development over the past 30 years and wish him every success in his new role.