European Islamic Investment Bank to set up Bahrain operations

Notes and media contacts

Issued on behalf of European Islamic Investment Bank by Hill & Knowlton. For more information contact Sami Amin on Tel: +973 17 533532, Fax: +973 17 533370

Or

John Weguelin, Managing Director, EIIB, 020 7847 9910 / 07710 461 093
Mark Tierney/Andrew Marshall, Fishburn Hedges, 020 7839 4321

This announcement has been issued and communicated by and is the sole responsibility of EIIB and has been approved solely for the purposes of section 21(2)(b) of the Financial Services and Markets Act 2000 by Evolution Securities Limited ("Evolution"). Evolution is acting solely for EIIB in connection with any offer of shares (the "Offer") and no one else and will not be responsible to anyone other than EIIB for providing protections afforded to clients of Evolution nor for providing advice in relation to the proposed Offer.

This announcement does not constitute or form part of, and should not be construed as, an offer, invitation or inducement to purchase or subscribe for any securities nor shall it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. This announcement is not intended to form the basis of any investment decision and any decision to purchase shares to be issued or sold in connection with the proposed Offer should be made solely on the basis of information contained in any offering document issued in connection with the proposed Offer. This announcement does not constitute a recommendation regarding the securities of EIIB and does not constitute, and is not to be taken as constituting, the giving of investment advice by Evolution.

This announcement does not contain or constitute an offer of securities for sale in the United States. The securities proposed to be offered in EIIB have not been and will not be registered under the US Securities Act of 1933, as amended, (the "Securities Act") and may not be offered or sold in the United States or to, or for the account or benefit of, US persons (within the meaning of Regulation S under the Securities Act) except pursuant to an exemption from registration. No public offering of securities is being made in the United States.

This announcement and the information contained herein is not for publication, distribution or release in, or into, the United States, Canada, Australia or Japan.

Certain statements in this announcement relating to future performance, growth, expectations, plans, strategy and management's objectives are forward-looking statements. Such forward-looking statements involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of EIIB, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors include, among others, general economic, business and political conditions, particularly in the United Kingdom, the rest of Europe and the Middle East; structural or regulatory changes in the banking industry; relationships with customers; competition; and the ability to attract personnel. These forward-looking statements speak only as of the date of this announcement.