Board's Decisions 23/03/2011

1. Approve the registration of the 11th issuance of Jordanian treasury bonds for the year 2011 at a maturity date on March 8. 2013, at a value of JD (72.5) million & address the Securities Depository Center (SDC) to register them.
2. Approve the registration of the 7th issuance of Jordanian treasury bills for the year 2011 at a maturity date on March 10. 2012, at a value of JD (35) million & address the Securities Depository Center (SDC) to register them.
3. Approve the registration of the 6th issuance of Jordanian treasury bills for the year 2011 at a maturity date on September 7. 2011, at a value of JD (75) million & address the Securities Depository Center (SDC) to register them.

4. Approve registration of capital increase in shares of Bank of Jordan of (45.1) million shares by capitalizing:
* JD (4.019.058) of returned earnings.
* JD (24.680.942) of voluntary reserves.
* JD (16.400.000) of issuance premium.

Distribute shares as free shares to shareholders; each shareholder according to his contribution in the capital, in condition that fees are settled as deemed proper.

5. Approve registration of capital shares of Northern Cement Company of JD (55) million shares at the nominal value & approve the relevant prospectus, taking into account the following:
*JD (50) million/shares resulting from converting the company legal capacity from a limited liability company to a public shareholding one.
*JD (2.750.000) million/shares through public offer.
*JD (2.250.000) million/shares through equal allocation between Sama Al-Yamamah Limited Company & Dyar Najed for Contracting & Trading Limited Company.
*The following terms must be fulfilled:
*Shares resulting from converting the company legal capacity from a limited liability company to a public shareholding one amounting (50) million shares, shall be considered as foundation shares on the registration date of these shares at the Jordan Securities Commission (JSC).
*It is prohibited to deal in shares allocated to Sama Al-Yamamah Limited Company & Dyar Najed for Contracting & Trading Limited Company for two years starting from the date of fulfilling issuance procedures at the (JSC).
*Shares issuance procedures allocated to Sama Al-Yamamah Limited Company & Dyar Najed for Contracting & Trading Limited Company must be fulfilled within (10) working days from notifying the company of the Board of Commissioners decision.
*Fees must be settled as deemed proper.