Resolutions passed at the Extraordinary General Assembly Meeting of Doha Bank's Shareholders

Dubai, November 26, 2013: H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of Doha Bank, the leading private commercial bank in Qatar, announced the Extraordinary General Assembly in its meeting on November 24, 2013 approved the items included in the Assembly's agenda pertaining to the issue of Tier 1 Capital instruments amounting to QAR 2 billion. These instruments will be treated as equity instruments, with a fixed return and will qualify as Additional Tier 1 Capital, after QCB terms and requirements are being implemented involving this type of issue.

Commenting at the meeting, H.E. Sheikh Fahad said, “The issue will be made through private placements by Qatari institutions, and the maturity of this instrument will be perpetual. The issuance of these instruments will enhance Doha Bank's Tier 1 Capital base, strengthen its Capital Adequacy Ratio, and support bank's prospects for achieving its strategic goals at the local, regional and Global levels. It will also strengthen bank's lending capacity and improve its competitive edge especially in the light of the anticipated boom in various economic sectors in Qatar in the coming years.”

Mentioned hereunder is the Resolution adopted by the Extraordinary General Assembly Meeting of Shareholders:

1. The Extraordinary General Assembly of Shareholders unanimously agreed to amend Article No. (3) of the AoA of the Bank by adding the following paragraphs to item No. (1):
a. Issue bonds as per the terms and requirements of Qatar Central Bank.
b. Issue capital instruments qualifying as additional Tier 1 Capital as per the terms and requirements of Qatar Central Bank.
c. Trading in gold and precious metals.
2. The Extraordinary General Assembly of Shareholders has unanimously agreed to issue Tier 1 Capital instruments amounting to QAR 2 billion either directly or through a Special Purpose Vehicle as per the terms of the Issue which shall include but not limited to the following:
a. The instrument of the Issue shall be Tier I Capital instruments qualifying as Additional Tier 1 Capital for Doha Bank in Qatar as per the terms and requirements of QCB.
b. The Issue Date shall be within one year from the date of EGM approval.
c. The Maturity of this instrument shall be perpetual, but callable only after six years.
d. The Issue shall be through private placements by Qatari institutions.
3. The Extraordinary General Assembly of Shareholders has unanimously agreed to authorize the Board of Directors of Doha Bank to determine all the terms and conditions and undertake necessary steps and execution mechanisms for the Issue after obtaining the approval of Qatar Central Bank, the Ministry of Economy and Trade and any other competent authorities.

Finally, H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani said, “The implementation of the resolutions issued in the Extraordinary General Assembly Meeting is subject to the approval of Qatar Central Bank, the Ministry of Economy and Trade, and any other competent authorities in Qatar.”