A Statement by Investment Dar Regarding a Restructuring Update

02 April 2014

Following a meeting of its Board of Directors on 17th March, The Investment Dar (“TID” or the “Company”) announced the establishment of an Investor Liaison Committee (“ILC”) to act as a sounding board for the Company’s management in following the restructuring plan approved on June 2nd 2011by the Special Circuit Court of Appeal under the Financial Stability Law. The membership of the ILC is intended to draw on the broad experience of banking and investment professionals selected to give a representative cross-section of TID’s investors from Kuwait and the GCC.

The first meeting of the ILC with the Company took place in Dubai on Wednesday 2nd April 2014. Mr Abdullah M Al-Homaidhi, TID’s CEO, who convened the inaugural ILC meeting commented: “The Investment Dar has always endeavoured to keep open channels of communication with its banks and other investors. In a constantly changing environment it is important for TID to explore strategic options with its financiers, to draw on their experience, supplemented where appropriate by external advisers. We believe that this transparent and cooperative approach will give the optimal outcome for all the Company’s stakeholders”. Mr Al-Homaidhi added “Our business activity remains focussed on developing and maximizing the value of our assets over suitable time periods so that we can meet our obligations to our investors whilst maintaining value for TID's shareholders in the longer term.”