FIMBank Plc

Major Shareholding Notification • Mar 16, 2018

COMPANY ANNOUNCEMENT

The following is a Company Announcement issued by FIMBank p.l.c. ("FIMBank" or the "Bank") pursuant to the Malta Financial Services Authority Listing Rules.

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FIMBank announces that it has been informed that as part of an internal restructuring in the group headed by Kuwait Projects Company Holding K.S.C.P., an investment holding company in the Middle East and North Africa region incorporated in Kuwait ("KIPCO"), and following regulatory approvals from a number of regulatory authorities, including the Malta Financial Services Authority and the European Central Bank, the entire holding of 192,395,274 shares in FIMBank formerly held by United Gulf Bank B.S.C., a joint stock company incorporated in the Kingdom of Bahrain in 1980, under Commercial Registration number 10550, and operating in the Kingdom of Bahrain under a Wholesale Banking License issued by the Central Bank of Bahrain has been transferred to United Gulf Holding Company B.S.C., a joint stock company incorporated in the Kingdom of Bahrain under Commercial Registration number 114160, with registered address at Flat 12, Building 440, Road 1705, Block 317, Diplomatic Area, Kingdom of Bahrain ("UGH"). UGH is a direct subsidiary of KIPCO.

As a result of this transfer, with effect from 15 March 2018 UGH holds 61.17% of the shares in FIMBank.

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Andrea Batelli Company Secretary

16 March 2018