Shuaa Capital de-lists from Kuwait Stock Exchange

All shares of Shuaa Capital will now be traded on the Dubai Financial Market ("DFM").

Mr. Oliver Schutzmann, Head of Investor Relations & Corporate Communications, said:

"Shuaa decided to de-list its shares from the KSE due to inconsistencies in regulations between the DFM and the KSE, making it difficult for dual listed companies to comply with the regulations of both exchanges. We also expect an improvement of liquidity and trading volumes of Shuaa Capital shares on the Dubai Financial Market as a result of the de-listing."

Kuwait remains an important operational market for Shuaa Capital and the Company is in the process of establishing a new subsidiary in the Country. The Company has had the full cooperation of the KSE and the DFM to ensure that shareholders who hold shares originally listed on the KSE will now be able to trade their shares on the DFM.

All such shareholders have been notified that they should fill out the forms listed below in order to trade their Shuaa Capital shares on DFM; this information is repeated here as a reminder. The forms are available on Shuaa Capital's website:

- For individuals:

1. Investor Number Application (Individual)
2. Investor Signature Form
3. Shuaa Securities Account Number Application
4. Transfer application
5. Passport & driver's license photocopy.

- For companies:

1. Article of Association (showing the identity of the partners or major shareholders)
2. Commercial registration
3. Trade license (or equivalent, if any)
4. Letter addressed to DFM (on a letterhead with company stamp) stating the name of the person who is authorized to sign on behalf of the company along with his passport photocopy.