Annual General Meeting Resolutions

The following resolutions was passed in the Annual General Meeting held on 18th March, 2012.

1. Approval of the Report of the Board of Directors for the financial year ended 31st December, 2011.

2. Approval of the Corporate Governance Report for the financial year ended 31st December, 2011, as on the annexure.

3. Approval of the Auditor's Report and the audited financial statements for the financial year ended 31st December, 2011.

4. Approval of the distribution of cash dividend at the rate of (25%) of the issued share capital of the Bank (being 25 Baisa per share) for the financial year ended 31st December, 2011.

5. Approval of the Board of Directors' recommendation to distribute stock dividend at the rate of (15%) per share of the issued share capital of the Bank (being 15 bonus shares for each 100 shares) for the financial year ended 31st December, 2011.

6. Approval of the sitting fees for the Board of Directors and its committees'meetings for the financial year ended 31st December, 2011 amounting to RO. 72,250/- and fix sitting fees for the financial year 2012.

7. Approval of the Board of Directors' remuneration of RO. 127,750/- for the financial year ended 31st December, 2011, as explained on the annexure.

8. Approval of the Related Parties' Transactions for transactions concluded during the financial year ended 31st December, 2011.

9. Approval of the Board of Directors' recommendations to lease two branch premises from a related party for (2012-2016) on yearly renewable leases at the same rental amounts, subject to the requirements of the Bank.

10. Approval of the appointment of statutory auditors for the financial year 2012 and approval of their remuneration.