Result of EGM

Bank Audi s.a.l. - Audi Saradar Group

December 14, 2010

Resolutions adopted at the Extraordinary General Meeting of Shareholders

of December 13, 2010

First Resolution

The Extraordinary General Meeting of shareholders of Bank Audi s.a.l. - Audi Saradar Group, having reviewed the Board of Directors' resolution dated November 11, 2010, by virtue of which the Board of Directors:

·; Confirmed (i) the cancelation of 8,029,756 Common Shares, (ii) the increase of the nominal value of all remaining shares (1) comprising the share capital of the Bank by an amount equivalent to the aggregate nominal value of the cancelled Common Shares, and (iii) the increase of the Bank's share capital from L.L. 438,475,777,250 to L.L. 438,786,706,116, through the incorporation of general reserves for L.L. 310,928,866, all resulting in the increase of the nominal value of each individual share up to L.L. 1,254 (after giving effect to the cancellation of shares, to the increase of the nominal value of all remaining shares , and to the capital increase); and

·; Determined that the second resolution adopted at the Extraordinary General Meeting of October 01, 2010 and relating to the amendment of the Bank's By-laws as per the above has entered into effect;

resolves that it has taken note of the contents of the aforementioned Board of Directors' resolution and confirms the adequate implementation of the first resolution of the Extraordinary General Meeting held on October 01, 2010 (encompassing the cancellation of the aforementioned Common Shares, the increase of the nominal value of all remaining shares comprising the share Capital, and the capital increase intended to round up the nominal value of each individual share).

Second 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. 15,446,094,840 through the issuance of 12,317,460 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. 438,786,706,116 to L.L.454,232,800,956, i.e. by an amount of L.L.15,446,094,840;

- Declare that the capital of Bank Audi s.a.l. - Audi Saradar Group is now L.L. 454,232,800,956 fully paid up and divided into 362,227,114 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 fifth resolution of the Extraordinary General Meeting of Shareholders held on October 01, 2010, is now effective.

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(1) Including Common Shares and preferred shares