Dividend Declaration

 BYBLOS BANK SAL

Announcement to our shareholders

Dividend distribution proposal for the year 2011

The Board of Directors of Byblos Bank S.A.L. held on 16 March 2012 has the pleasure to announce to its shareholders that it resolved to propose to the Ordinary General Assembly convened to meet on April 10, 2012 at the Bank's Head Office, the distribution of dividends for the year 2011 as follows:

For Common Shareholders:

·; LBP 200 per share (LBP 190 Net of 5 % withholding tax)

For Preferred Shareholders:

·; Class 2008:USD 8 per share; (USD 7.6 Net of 5 % withholding tax)

·; Class 2009:USD 8 per share; (USD 7.6 Net of 5 % withholding tax)

Subject to the General Assembly's approval, such dividends will be paid on or about 18 April 2012 after deducting the 5 % withholding tax, to shareholders as at 17 April 2012 (record date), according to the records of Midclear (the Central Depository). Share will trade ex-dividend starting 11 April 2012.

For GDR holders:

·; LBP 200 per share paid in US dollars through the depositary The Bank of New York Mellon after deducting the 5 % withholding tax in and other expenses starting 25 April 2012