ORIENT Insurance PJSC — Capital/Financing Update 2021

Dec 5, 2021

Form for disclosing the Agreement to Purchase Transaction

The required data regarding the agreement to transaction :Purchase ADCB shares

in Orient Takaful (An Egyptian Public Joint Stocks Company)

Date.	30/11/2021
Name of the Listed Company.	Orient Insurance (PJSC)
Specify the type of transaction:	Purchased
Determine the type of asset to be acquired, disposed, leased or mortgaged (examples: investments, companies,	Companies shares
factories, real estate, securities, etc.) and describe the activity of the underlying asset.	Insurance Activities
Determine the value of the purchase cost of these assets	104,200,000 EGP
and their percentage to the capital of the listed company	Equal to (AED24,460,000)
in the event of dispose, mortgage or leasing.	0.048%
Total value of acquisition / dispose / mortgage / lease	104,200,000 EGP $\bullet$
transaction.	(AED 24,460,000)
Reasons for executing the transaction, its expected effects	Orient's To increase $\bullet$
on the company and its operations, and the rights of its	in the Egyptian participation
shareholders.	insurance market, benefit of the promising economic opportunities. it's support current To investment in the same company No expect effect on the company $\bullet$ as the amount of transaction is camripping with the minor company capital and cash. Expected the truncation will increase the shareholders rights
Determine the parties to the transaction / deal.	Orient Insurance (PJSC)-the Buyer

Page 1 of 3

	ADCB-the Seller ●
Determine whether the transaction / deal is associated to
related parties, and specify the nature of the relationship,	No
if any.
The date of signing the transaction / deal.	01/11/2020
Transaction / deal execution date.	28/11/2021
Expected closing date.	28/11/2021
If the listed company is the acquiring party or the lessee,
the following must be fulfilled:	Company's cash and deposits
1- Explain how to finance acquisition or lease
transaction(s).
2- Determine the sources of financing the	From company cash and deposits
transaction(s) in the case of acquisition or leasing,	-at the time of execution
with clarification of the payment mechanism in
the event that part or all of the value of the
transaction(s) will be funded through banks.
Determine the date or dates of payment of the $3-$	24/11/2021
amounts owed by the listed company from the
acquisition or lease transaction(s).
If the listed company is the disposing party, the lessor, or
one of the mortgage parties, the following must be
fulfilled:
Explain the reasons for disposing, mortgaging or 1-
leasing, and clarifying how the collected funds will
be used.
Determine the date or dates of collection of the $2 -$
amounts owed to the listed company from the
dispose, mortgage or lease transaction.	Not Applicable
3- Clarify the company's plan regarding the use of
exit proceeds or the sale or lease of the asset.
4- Clarify the procedures against the listed company
in case of failure to pay its obligations stated in
the mortgage deal.
The listed company must also clarify whether it 5-
will provide a loan in exchange for a mortgage of
the assets owned by the other party.

The expected financial impact of the transaction(s) on the	The purchased value paid from cash and
business results and the financial position of the listed	deposits , the amount of transaction is
company.	equal to 0.048% of paid capital and 0.0042
	% of company's cash and deposits - no
	finical impact expected in the business
	results.
Determine the financial period or quarter in which the
financial impact of the transaction(s) will appear on the	4 Q - 2021
listed company.
Summary of the terms and conditions of the	The value completely paid from company
transaction(s), the rights and obligations of the listed	cash flow, the rights on shareholder increased in the purchased company, no obligation against the company and it's
company and its shareholders, and the procedures
involved in the event that any party fails to fulfill the
obligations it has stipulated in the transaction or the deal	shareholders
contract.

The Name of the Authorized Signatory	Omer Elamin
Designation	Orient Group President
Signature and Date	30/11/2021 Junch
Company's Seal
	ORIENT INSURANCE PJSC P.O.Box: 27966, DUBAI - U.A.E. $FIN - 3$ COLUMN SERVICES