EMAAR DEVELOPMENT PJSC — AGM Information 2019

Apr 7, 2019

إعمار للتطوير ش.م.ع ُص.ب. . ٩٤٤، دبي ُ الدمارات العربية المتحدة ت ۱۷۳۳۳۳ ۶ PTV۳۳۳ ف . . . ۳٦٧٣ ٤ ٩٧١

Emaar Development PISC PO Box 9440 Dubai United Arab Emirates T+97143673333 F+97143673000 enquiry@emaar.ae emaar.com

Emaar Development PJSC Invitation to Attend the 1st Annual General Meeting

The Board of Directors of Emaar Development PJSC (the "Company") is honored to invite the shareholders to attend the 1^st Annual General Meeting of the Company which will be held on Tuesday, 23 April 2019, at 5:00 PM, in Diamond Ballroom at The Address Dubai Mall hotel. In case the said meeting falls short of quorum, the Annual General Meeting will be held at the same time and venue on Tuesday, 30 April 2019, to discuss the following agenda:

• 1. To receive and approve the report of the Board of Directors on the activities and financial position of the Company for the fiscal year ending 31^st December 2018.
• 1. To receive and approve the Auditors' report for the fiscal year ending 31^st December 2018.
• 1. To discuss and approve the Company's balance sheet and the profit and loss account for the fiscal year ending 31^st December 2018.
• 1. To discuss the proposal of the Board of Directors regarding distribution of dividends to the Shareholders amounting to AED 1,040,000,000 (One Billion Forty Million UAE Dirhams) representing 26% (twenty six percent) of the share capital being 26 (twenty six) UAE Fils per share.
• 1. To consider the approval of the payment of bonus to non-executive members of the Board of Directors for the fiscal year ending 31^st December 2018 amounting to AED 650,000 (Six Hundred and Fifty Thousand UAE Dirhams) per Non-Executive Board Member and AED 1,000,000 (One Million UAE Dirhams) for the Chairman of the Board of Directors.
• 1. To discharge the members of the Board of Directors from liability for the fiscal year ending 31^st December 2018.
• 1. To discharge the Auditors from liability for the fiscal year ending 31^st December 2018.
• 1. To appoint the Auditors for the year 2019 and determine their remuneration.

Notes:

• 1. Any shareholder may appoint a proxy to attend the meeting on their behalf by virtue of a written special power of attorney. However, the latter cannot be a member of the Board of Directors or hold, in this capacity, more than (5%) five percent of the Company's capital. In addition, any incapacitated shareholder shall be represented at the meeting by their legal representative.
• 1. A juridical person may authorize one of its representatives or managers, by virtue of a resolution passed by its Board of Directors or an equivalent body, to represent it at the

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Annual General Meeting; the said authorized representative shall have the powers determined under the authorization resolution.

• 1. Every shareholder whose name is registered on the last business day preceding the Company's Annual General Meeting (i.e. on Monday, 22 April 2019) shall be entitled to vote at the Annual General Meeting. In case the meeting is held on Tuesday, 30 April 2019 due to lack of quorum in the first meeting, every shareholder whose name is registered on the last business day preceding the Company's Annual General Meeting (i.e. on Monday, 29 April 2019) shall be entitled to vote at the Annual General Meeting.
• 1. The shareholder whose name is registered on Sunday, 5 May 2019 shall be the person entitled to the dividends (in case of distribution of dividends); in case the meeting is held on Tuesday, 30 April 2019 due to lack of quorum in the first meeting, the person entitled to dividends shall be the shareholder whose name is registered on Sunday, 12 May 2019.
• 1. The shareholders must update their contact details and addresses with the Dubai Financial Market to make sure the dividends are received appropriately, as the payment of dividends, if any, will be made through the Dubai Financial Market.
• 1. The Company's financial statements and governance report are available for the shareholders on the websites of the Company (http://www.emaar.com/ar-ae/investorrelations) and Dubai Financial Market (http://www.dfm.ae/market-data/market-dataoverview).
• 1. Please visit the official website of the Securities and Commodities Authority (http://www.sca.gov.ae/arabic/pages/home.aspx) to view the Authority's Guide on Investors' Rights in Capital Market.

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By resolution of the Board of Directors Emaar Development PJSC