Rasmala Loan Note

13 June 2012

European Islamic Investment Bank plc

("EIIB" or "the Company")

Regulatory approval for Rasmala Holdings Limited ("Rasmala") loan note conversion

Further to the announcement on 11 June 2012 relating to the Rasmala Holding limited loan note conversion, EIIB is pleased to announce that it has received the approval of the Dubai Financial Services Authority for the transaction. Following conversion, as previously announced, EIIB now holds 91,602,887 Rasmala Shares representing 51.4% of Rasmala's enlarged share capital.

For further information, please contact:

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

Zulfi Caar Hydari, Chief Executive

Keith McLeod, Finance Director & Deputy CEO

Westhouse Securities Tel: +44 (0)20 7601 6100

Antonio Bossi