The Director of the Bahrain Stock Exchange shall implement this Resolution from the date of its publication in the Official Gazette.

Minister of Commerce
and Chairman of the Board of Directors
of the Bahrain Stock Exchange

Issued on 20 Ramadhan 1420 H
Corresponding to 28^th December 1999

ACKNOWLEGEMENT

I the undersigned........................................./................................. national. Holder of passport No.........................,acknowledge that I have assigned my below-detailed shares to....................................................... .

And I have no objection to register the same in his name with all their rights, as transactions exempted from trading in the Trading Floor. I also discharge The Bahrain Stock Exchange from any legal responsibility or claim that may emerge as a result of transferring the ownership of these shares.

SHARES' PARTICULARS:

Signature:..............................

CPR. No.:..............................

Date:....................................

First Witness

Name:.....................................

CPR No.:.................................

Date:.....................................

Second Witness

Name:...................................

CPR No.................................

Date:......................................

ACKNOWLEDGEMENT AND UNDERTAKING OF TRANSFEREE:

I the undersigned................................/ national of..................

Holder of passport No................../CPR No....................., acknowledge that the above mentioned person had signed this acknowledgement in front of me, and I undertake to bear all legal responsibilities resulting from the transfer of these shares to me. And I also undertake to repay the value of the transferred shares if such value is claimed.

Signature:............................

Name:.................................

CPR No.:..............................

Date:...................................