This announcement is made by GFH Financial Group B.S.C. “GFH” pursuant to the requirements of the Takeover, Mergers & Acquisition Module under Volume 6 of the Central Bank of Bahrain’s Rulebook.

The Board of Directors of GFH has approach the Board of Directors of KHCB for a proposed voluntary takeover offer for the issued shares of KHCB, subject to receipt of all necessary regulatory, board and shareholders approvals.

The above proposal may or may not lead to the making of a voluntary offer for the issued shares of KHCB.

GFH will provide additional disclosures on this matter, on an ongoing basis, to ensure compliance with governing laws and regulations.