Announcement of waiver of the condition to acquire KHCB

ANNOUNCEMENT OF GFH FINANCIAL GROUP B.S.C.’s (the “OFFEROR” or “GFH “) WAIVER OF THE MINIMUM ACCEPTANCE CONDITION AND OF THE REVISED OFFER BECOMING UNCONDITIONAL IN ALL RESPECTS IN RELATION TO GFH’S VOLUNTARY CONDITIONAL OFFER TO ACQUIRE UP TO 100% OF THE ISSUED AND PAID UP ORDINARY SHARES OF KHALEEJI COMMERCIAL BANK B.S.C. (“KHCB”), REPRESENTING UP TO 187,589,034 ORDINARY SHARES OF KHCB, (CONSTITUTING VOTING RIGHTS), NOT CURRENTLY OWNED BY GFH, REPRESENTING UP TO 21.03% STAKE OF KHCB’S ISSUED AND PAID-UP SHARE CAPITAL, BY WAY OF A REVISED SHARES EXCHANGE RATIO OF 0.384 GFH SHARES AND BHD 0.024 PER KHCB SHARE