The Board of Directors at its meeting of 26 September 2012, approved the increase in the share capital of Mushrif Trading & Contracting Co., KSCC (MTCC:KW).

The Board also resolved on the following:

To convene an Ordinary General Meeting (OGM) and seek shareholders approval to increase the share capital of the company in cash from KD 20 million to KD 40 mliion.

To increase number of shares from 200,000,000 shares to 400,000,000 shares at a value of KD 0.100 per share.

The Subscription of the new shares may be consummated in tranches of different values.

To seek waiver of the pre-emption right of the current shareholders for the subscription in the new shares resulting from the Right Issue, for the benefit of new Shareholders from the creditors/lenders.

To convene an Extra ordinary General Assembly meeting (EGM) to amend Articles 6 of the Memorandum of Association of the company and Articles 5 of the Articles of Association of the company.