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Receiving Banks for Tokio Marine Saudi Arabia IPO Announced

Receiving Banks for Tokio Marine Saudi Arabia IPO Announced

19 Rabi II 1433 H - 12 March 2012 G

Tokio Marine Saudi Arabia (under formation) has announced the names of receiving banks forits initial public offering of 30% of its shares. The offering period extends from Monday,March 19, 2012 (26/04/1433) through Sunday, March 25, 2012 (02/05/1433).

Alinma Bank, Samba, National Commercial Bank, Arab National Bank and Riyad Bank will all receive subscribers through their branches and e-services, which include internet banking, phone banking and ATMs. Each participant in the IPO must subscribe to a minimum of 50 shares, whose nominal value per share is SAR 10, making the minimum subscription value SAR 500.Each participant may subscribe to a maximum of 100,000 shares, making the maximum subscription value SAR 1,000,000.

Subscription will be restricted to Saudi nationals. Saudi women who are divorced or widowed and who have minor children from a non-Saudi husband may subscribe on behalf of their children after providing documentationproving their marital status and legal custody of their minor children. Men may not subscribe on behalf of their divorced wives;such subscriptions will be deemed null and void.

Tokio Marine Saudi Arabia intends to provide Shariah-compliant cooperative insurance products. The establishment of the company has been approved under ministerial resolution No. 140, dated 02/05/1430, corresponding to 27/04/2009.

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