Notice of EGM

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 Thursday May 7, 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.  Cancellation of the Series "C" Preferred Shares and the resulting reduction of the total number of issued shares of the Bank by four million (4,000,000) shares and the corresponding increase of the nominal value of the remaining shares by an amount equivalent to the nominal value of the cancelled Series "C" Preferred Shares;

2.  Increase of the Bank's capital by L.L. 299,236,250 through the incorporation of free reserves in order to round the nominal value of each individual share up to L.L. 12,250 ;

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