KSE Committee decision no. (5) for the year 2007

Regarding the suspension of dealing with listed companies if they merged with another company listing of which has been refused

After the perusal of the Decree issued on 14/8/1983 organizing the Kuwait Stock Exchange.

And the decision of the Minister of Commerce and Industry no. (35) for the year 1983 to issue KSE bylaws.

And the decision of KSE Committee no. (1) for the year 2007 in respect of the rules and conditions for listing shareholding companies in the official market.

And the decision of KSE Committee no. (2) for the year 2007 in respect of the rules and conditions for listing shareholding companies in the parallel market.

And the decision of KSE Committee no. (3) for the year 2007

And according to KSE work interest

And after the approval of the Market Committee.

The following has been decided:

Article (1)

Dealing should be suspended in the shares of any listed company if it acquires or merges with another company listing of which has been refused and this for 12 months starting from the effective date of merger. Dealing with the shares of merged company shall not resume after this period unless the market committee consent is granted and the conditions set by this committee are fulfilled. This period could be extended to any other period set by the market committee.

Article (2)

This decision shall come into force from the date of its issuance and the Market Director shall execute it.

       Engineer / Falah Fahad Al-Hajiri

                                                        President of Market Committee

                                                     Minister of Commerce and Industry

Issued on: 30/09/2007

                18/09/1428 Hijri