Redemption of the Series F Preferred Shares

Bank Audi

NOT FOR DISTRIBUTION IN ANY JURISDICTION WHERE THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Beirut, July 3, 2017

BANK AUDI ANNOUNCES ITS INTENTION TO REDEEM AND CANCEL THE SERIES F PREFERRED SHARES.

For immediate release -Bank Audi announces its intention to redeem and cancel all the 1,500,000 outstanding Non-Cumulative Redeemable Series F Preferred Shares of the Bank issued in May 2012.

The redemption is expected to take place on or around 7 July 2017.

This announcement is for information only.

For further information:

Corporate Secretariat

Farid Lahoud

Group Corporate Secretary

[email protected]