Proposed Partnership

European Islamic Investment Bank plc ("EIIB")

Proposed Partnership

Further to the announcement of the appointment of Mr. Subhi F. Benkhadra as Chief Executive Officer of EIIB, the Board of EIIB is pleased to announce that EIIB has entered into discussions with Esterad Investment Company BSC ("Esterad"), with a view to partnering with Esterad for the establishment of a Sharia'a compliant asset management business to be based in Bahrain. This is subject to approval by the Central Bank of Bahrain and the UK Financial Services Authority.

15 March 2010

Enquiries:

EIIB plc Tel: +44 (0)20 7847 9900

Subhi Benkhadra, Chief Executive Officer

Keith McLeod, Finance Director

Evolution Securities Tel: +44 (0)20 7071 4300

Bobbie Hilliam

Chris Sim Fishburn Hedges Tel: +44 (0)20 7839 4321

Michelle James

Andrew Marshall