JSC Approves to Cover Unsubscribed Capital Increase in Shares of Arab Banking Corporation on 12/04/2012

On April 11.2012 Jordan Securities Commission (JSC) chaired by the Board’s Chairman Mr. Mohammad Tash & the membership of the following Commissioners: Deputy Chairman Dr. Ahmad Mustafa, Mr. Mansour Haddadin, Mrs. Muna Al-Mufti & Mr. Majed Shafiq, decided to approve to cover unsubscribed capital increase in shares of Arab Banking Corporation of (942.863) thousand share, at the share nominal value of JD (1) or at an issuance price of not less than (90%) of the share market price of which is higher on the approval date of the Board of Commissioners. Allocate these shares to shareholders stated in the Board of Directors decision dated February 20.2012. Shares issuance procedures must be fulfilled within at least (10) working days from notifying the Bank of the Board of Commissioners decision. Afterwards, fulfill the required procedures via the Securities Depository Center (SDC).

To regulate the issuance process, its appropriateness & disclosure, the Instructions of Issuance & Registration of Securities for the year 2005 oblige the Company/the Issuer to the following:

Publish at least twice in two local daily newspapers the data & information of the covering process, including its value & parties allotted to them to cover. The approval number & date of the Board of Commissioners decision to cover these shares must be indicated clearly.