Result of EGM

Bank Audi sal - Audi Saradar Group

December 27, 2013

Resolution adopted by the Extraordinary General Meeting of Shareholders

of December 27, 2013:

Sole resolution: The change of name of the company to become "Bank Audi S.A.L." and the amendment of Article 3 ("Name") of the company's By-Laws.

The Extraordinary General Assembly of shareholders resolves to (i) change the name of the company to become "Bank Audi S.A.L." (instead of "Bank Audi S.A.L. - Audi Saradar Group") and (ii) amend article 3 of its By-Laws, accordingly, to read:

New text:

"

Article 3 - Name

The name of the Company is "Bank Audi S.A.L."

"

The Extraordinary General Assembly of shareholders further declares that its present resolution is subject to the approval of the Central Bank of Lebanon, and resolves to grant each of (i) the Chairman of the Board of Directors, Mr. Raymond Audi and (ii) Board member and Group CEO, Mr. Samir Hanna, severally, the powers to carry out all necessary actions related to the change of name and, generally, to carry out all actions that may be necessary to give effect to the present resolution, with the authority to further delegate all or part of the powers so granted to them.

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