Result of EGM

Bank Audi S.A.L - Audi Saradar Group

October 25, 2011

Resolutions adopted at the Extraordinary General Meeting of Shareholders

of October 24, 2011

Sole Resolution

The Extraordinary General Meeting of shareholders of Bank Audi s.a.l. - Audi Saradar Group, having reviewed all submitted documents, declares that it has verified the implementation of the increase of the Bank's share Capital by an amount of L.L. 1,207,388,820 through the issuance of 962,830 Common Shares fully subscribed to and paid up by the beneficiaries of Stock options who have exercised their option rights.

Pursuant thereto, the Extraordinary General Meeting of Shareholders of Bank Audi s.a.l. - Audi Saradar Group resolves to:

- Confirm the adequate completion of all formalities relating to the increase of Capital of Bank Audi SAL - Audi Saradar Group from L.L. 454,232,800,956 to L.L.455,440,189,776, i.e. by an amount of L.L. 1,207,388,820;

- Declare that the capital of Bank Audi s.a.l. - Audi Saradar Group is now L.L. 455,440,189,776 fully paid up and divided into 363,189,944 nominal shares (1) having a nominal value of L.L. 1,254 each;

- Declare, pursuant to the above, that the modification of articles 6 and 8 of the by-laws of Bank Audi s.a.l. - Audi Saradar Group, as per the third resolution of the Extraordinary General Meeting of Shareholders held on July 25, 2011, is now effective.

*************

(1) Including Common Shares and preferred shares