Notice of EGM

Bank Audi S.A.L. - Audi Saradar Group

NOTICE OF

EXTRAORDINARY GENERAL ASSEMBLY MEETING

The Board of Directors of Bank Audi SAL - Audi Saradar Group invites all holders of ordinary shares to attend an Extraordinary General Assembly Meeting to be held at 10:30 a.m., on Monday July 27, 2009, at the Bank's Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda:

1. Verification of the increase of the nominal value of each remaining share then constituting the Bank's capital (irrespective of the class thereof) as a result of the cancellation of the Series "C" Preferred Shares, and verification of the adequate completion of the procedures of the capital increase that resulted from the rounding of the nominal value of each such share up to LL12,250 (twelve thousand two hundred and fifty);

2. Increase of the Bank's capital by up to LL10,379,951,750 through the issuance of  up to 847,343 ordinary shares reserved to the owners of stock options who have exercised their options;

3. Amendment of the Bank's By-Laws, in particular articles 6 and 8, to reflect the foregoing; and

4. Other matters relating to the above-mentioned subjects.

The Board of Directors