Re: Stock Dividend

16 Jul 2008 07:10



Cairo, July 16, 2008

On March 17th, 2008 the AGM of CIB approved the board resolution taken on February 21st, 2008 to raise the bank's paid in capital from EGP 1,950 million to EGP 2,925 million through a stock dividend of 1 (one) share for every 2 (two) shares. This will be financed through the capitalization of bank reserves and will take place on Thursday July 31st, 2008. This applies to share owners as of end of trading on Wednesday July 30th, 2008. The transaction will be executed through Misr Clearing, Settlement and Depositary, and all fractions will be distributed in favor of shareholders in ascending order.