Global Investment House announces the Intention to Float of Global MENA Financial Assets Limited

Notes and media contacts

Enquiries:

Financial Dynamics
UK
Ed Gascoigne-Pees
Nick Henderson
+44 (0)20 7269 7132
+44 (0)20 7269 7114

GCC
John Hobday
+971 (0) 4 332 8832

JPMorgan Cazenove

Angus Gordon Lennox
+44 (0)20 7155 4605

Global Investment House
Shailesh Dash
+965 295 1200


This announcement is not a prospectus and is not an offer to sell, or a solicitation of an offer to buy, securities in the United States or in any other jurisdiction. No person shall subscribe for or purchase any shares referred to in this announcement except on the basis of information in the prospectus expected to be published by Global MENA Financial Assets Limited in due course in connection with the proposed admission of its shares to the official list of the UK listing authority and to trading on London Stock Exchange plc's main market for listed securities. Copies of the prospectus will, following publication, be available from the Company's registered office.

This announcement does not constitute, and may not be used for the purposes of, an offer or an invitation to subscribe for shares of Global MENA Financial Assets Limited by any person in any jurisdiction in which (i) such offer or invitation is not authorised; or (ii) in which the person making such offer or invitation is not qualified to do so; or (iii) to any person to whom it is unlawful to make such offer or invitation. Neither this announcement nor any part of it should form the basis of, or be relied on in connection with, any contract or commitment whatsoever. This announcement is an advertisement and not a prospectus. Investors should not subscribe for or purchase any shares referred to in this announcement except on the basis of information in the prospectus expected to be published by the Company in due course in connection with the proposed Admission (the "Prospectus"). In the event of any discrepancy between this announcement and the Prospectus, the Prospectus will prevail. It is not the purpose of this announcement to provide, and you may not rely on this announcement as providing, a complete and comprehensive analysis of the Company's financial position or prospects.

This announcement has not been approved by the Guernsey Financial Services Commission and the Offer and Admission is subject to the issue of consents from the Guernsey Financial Services Commission.

Neither the Financial Services Authority nor any other listing authority or exchange has, at the date of this announcement, approved the proposed listing of shares in the Company.

The shares of the Company have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), or any other applicable securities laws of the United States. The Company has not been and will not be registered under the US Investment Company Act of 1940, as amended, and investors will not be entitled to the benefits of that Act. Shares in the Company may not be offered or sold within the United States or to, or for the account or benefit of US persons. The shares of the Company will be offered and sold only to non-US persons outside the United States in reliance on Regulation S under the Securities Act. No public offering of the shares of the Company will be made in the United States. The shares referred to herein have not been and will not be registered under the applicable laws of Canada, Australia or Japan, or to any national or resident of Canada, Australia or Japan. Neither this document nor any part or copy of it may be taken or transmitted into Canada, Australia or Japan, or distributed directly or indirectly in Canada, Australia or Japan or to any resident thereof. Any failure to comply with this restriction may constitute a violation of Canadian, Australian or Japanese securities laws. The distribution of this document may also be restricted by law in other jurisdictions.

None of the Company, Global Investment House, Global Capital Management, JPMorgan Cazenove Limited or J.P. Morgan Securities Ltd. is under any obligation to update or keep current the information contained in this document or to correct any inaccuracies which may become apparent, and any opinions expressed in it are subject to change without notice. None of the Company, Global Investment House, JPMorgan Cazenove Limited or J.P. Morgan Securities Ltd. or any of their respective affiliates or advisers nor any other person accepts liability whatsoever from any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

The promotion of the Company and the distribution of this announcement in the United Kingdom is restricted by law. Accordingly, this communication is directed only at (i) persons outside the United Kingdom to whom it is lawful to communicate it, or (ii) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Exemption Order"), or (iii) high net worth companies, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2) of the Exemption Order 2005 (as amended); provided that in the case of persons falling into categories (ii) or (iii), the communication is only directed at persons who are also "qualified investors" as defined in section 86 of the Financial Services and Markets Act 2000 (each a "Relevant Person"). Any investment or investment activity to which this communication relates is available only to and will be engaged in only with such Relevant Persons. Persons within the United Kingdom who receive this communication (other than persons falling within (ii) and (iii) above) should not rely on or act upon this communication.

The shares of the Company have not been and will not be authorised or licensed for offering, marketing or sale in the State of Kuwait. The distribution of this announcement and the offering and sale of the Company's shares in the State of Kuwait is restricted by law unless a license is obtained from the Kuwaiti Ministry of Commerce and Industry in accordance with Law 31 of 1990. Persons who receive this announcement are required to inform themselves about and to observe such restrictions.

Each of JPMorgan Cazenove Limited, Global Investment House K.S.C.C. and J.P. Morgan Securities Ltd. is acting exclusively for the Company and no-one else in connection with the Offer and Admission and will not be responsible to anyone else for providing the protections afforded to its respective clients or for providing advice in relation to the Offer and Admission or any transaction or arrangement referred to in this announcement.

No representation or warranty, express or implied, is made or given by or on behalf of JPMorgan Cazenove Limited, Global Investment House K.S.C.C. or J.P. Morgan Securities Ltd. or any of their respective affiliates or advisers nor any other person as to the accuracy, completeness or fairness of the information or opinions contained in this announcement and no responsibility or liability is accepted for any such information or opinion.

Stabilisation/FSA