On the Occasion of St. Maroun's Day, there will be no trading on the Beirut Stock Exchange on February 09, 2012.

The Beirut Stock Exchange Committee decided to accept, as of Friday, January 27, 2012 the listing, trading and pricing of the 400,000 preferred shares class "A" and the 550,000 preferred shares class "B" issued by BLC Bank SAL on the official market of the stock exchange.

Friday December 30, 2011 will be the last trading day at the Beirut Stock Exchange during the year 2011.

On the occasion of Achoura, there will be no trading at the Beirut Stock Exchange on Tuesday, December 6, 2011. Trading will be resumed on Wednesday, December 7, 2011.

The Beirut Stock Exchange Committee decided to accept the listing and trading of the following Lebanese Republic Eurobond Issues: (i) Series#60 (Tranche#1) Principal Amount USD/433,183,000/  Interest Basis 5.45%  Maturity Date November 28, 2019; Series#60 (Tranche#2) Principal Amount USD/66,817,000/  Interest Basis 5.45%  Maturity Date November 28, 2019.  (ii) Series # 61 (Tranche#1) Principal Amount USD/235,537,000/  Interest Basis 6.60%  Maturity Date November 27, 2026; Series#61 (Tranche#2) Principal Amount USD/139,463,000/  Interest Basis 6.60%  Maturity Date November 27, 2026.  (iii) Series#62 (Tranche#1) Principal Amount EUR/420,942,000/  Interest Basis 5.35%  Maturity Date November 28, 2018; Series#62 (Tranche#2) Principal Amount EUR/24,058,000/  Interest Basis 5.35%  Maturity Date November 28, 2018.  Trading in the mentioned Eurobonds is scheduled to start on Monday December 5, 2011.

The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /962,830/ common shares issued by Bank Audi sal – Audi Saradar Group, that have been fully subscribed to an paid up by the beneficiaries of stock options who have exercised their rights, on the official market of the stock exchange.  Trading in the mentioned shares is scheduled to start on Friday, November 11, 2011.

Bank Audi sal - Audi Saradar Group has announced on 28 October 2011 that it has been granted permission to establish a deposit bank in Turkey with a starting share capital equivalent to USD 300 million. The permission was granted by the Board of the Banking Regulation and Supervision Agency of Turkey on October 27, 2011 and promulgated in the Turkish official gazette (number 28098) on 28 October 2011.

The Extraordinary General Meeting of shareholders of Bank Audi s.a.l. - Audi Saradar Group, having reviewed all submitted documents, declares that it has verified the implementation of the increase of the Bank’s share Capital by an amount of L.L. 1,207,388,820 through the issuance of 962,830 Common Shares fully subscribed to and paid up by the beneficiaries of Stock options who have exercised their option rights.  Pursuant thereto, the Extraordinary General Meeting of Shareholders of Bank Audi s.a.l. - Audi Saradar Group resolves to: (I) Confirm the adequate completion of all formalities relating to the increase of Capital of Bank Audi SAL - Audi Saradar Group from L.L. 454,232,800,956 to L.L.455,440,189,776, i.e. by an amount of L.L. 1,207,388,820; (II) Declare that the capital of Bank Audi s.a.l. – Audi Saradar Group is now L.L. 455,440,189,776 fully paid up and divided into 363,189,944 nominal shares (1) having a nominal value of L.L. 1,254 each; (III) Declare, pursuant to the above, that the modification of articles 6 and 8 of the by-laws of Bank Audi s.a.l. – Audi Saradar Group, as per the third resolution of the Extraordinary General Meeting of Shareholders held on July 25, 2011, is now effective.
(1) Including Common Shares and preferred shares

The Beirut Stock Exchange decided to list, as of October 14, 2011 an additional /1,000,000/ GDRs related to the shares of Bank Audi SAL – Audi Saradar Group in the official market of the Stock Exchange.  These GDRs will be added to the previously listed /98,581,430/ GDRs, therefore, the total number of GDRs related to the shares of Bank Audi SAL – Audi Saradar Group becomes /99,581,430/.  The details related to the conditions of pricing, trading, settlement and clearance of the newly listed GDRs are the same as those of the previously listed ones.

Subscription in preferred shares class "H" issued by Bank Of Beirut SAL.

Subscription period: From Monday September 5, 2011 at 8:30 am to Friday September 9, 2011 at 12:00 noon.  Place of Subscription: All branches of Bank of Beirut SAL.  Number of issued Preferred shares Class (H): /5,400,000/ shares.  Price and rules of Subscription: USD /25/ per share divided into: LBP /1,260/ as nominal value and the balance as issue premium.  Subscription will be executed in total units with a minimum of one unit. Every unit is constituted of /100/ Preferred Shares (H), with an issue price per unit of USD /2,500/.  Subscription price will be paid in cash on the subscription day.  Priority right in subscription: The holders of preferred shares class “D”,”E”,”F” and “G” will have a priority right to subscribe in the preferred shares class “H”, on a non-reducible basis, according to the percentage of preferred shares they hold in the total share capital of the Bank.  Terms of preferred shares (H): Please refer to the Marketing Brochure related to these shares that are available at all branches of Bank of Beirut SAL.

The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /20,000,000/ Preferred Shares Class 2011, issued by BLOM Bank S.A.L. in the Official market of the stock exchange.  Trading is scheduled to start on Thursday, August 11, 2011.

The Board of Directors of Blom Bank S.A.L. is pleased to announce to the holders of Preferred Shares Class 2004 and Preferred Shares Class 2005 that the Extraordinary General Assembly convened on May 4, 2011 decided to recall and cancel all /7,500,000/ issued Preferred Shares Class 2004 and all /10,000,000/ issued Preferred Shares Class 2005. Following the approval of the Central Bank of Lebanon, the price of the recalled shares will be paid through Midclear on June 23, 2011 based on the issue price.

The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Thursday June 30, 2011 in Biel Downtown.

Upon the maturity of Byblos Bank Priority Shares on the date of the Ordinary General Assembly invited to convene on May 05, 2011, and upon the conversion of these "Priority Shares" to "Common Shares" on the above mentioned date, the Beirut Stock Exchange declares that: (i) The last trading date in Byblos Bank Priority Shares will be on Thursday, May 05, 2011.   (ii) Trading in the converted shares will start on Friday, May 06, 2011. (iii) The Financial Instruments related to Byblos Bank SAL that are listed on the Beirut Stock Exchange will be divided, as of May 06, 2011, as follows: 1- Common shares: 565,515,040 / 2 - Preferred shares Class 2008: 2,000,000 / 3 - Preferred shares Class 2009: 2,000,000 / 4 - GDR: 1,309,078.

The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at 11:00 am on Thursday, May 5, 2011 at the Bank Head Office, Ashrafieh, Byblos Tower building, Elias Sarkis Avenue, .

The Beirut Stock Exchange decided to approve the listing, trading and pricing of an additional /46,000,000/ Common Shares issued by Banque BEMO SAL on the official market of the Stock Exchange.  Trading with the newly issued shares will start on Friday, April 15, 2011.

The Board of Directors of BLOM Bank S.A.L informs the shareholders that the Ordinary General Assembly held on April 8, 2011, at the Bank’s headquarters, approved the Board of Directors' proposal to distribute dividends for the year 2010 as follows:
For Preferred Shares Holders:
- Series 2004: USD 0.85 per share
- Series 2005: USD 0.95 per share
Dividends (subject to 5% withholding tax) will be paid through Midclear SAL starting April 20, 2011.
For Common Shares and GDR Holders:
- Common shares: LBP 675 per share (subject to 5% withholding tax) to be paid through Midclear SAL starting April 21, 2011.
- GDR: the equivalent of LBP 675 in US Dollars (subject to 5% withholding tax) to be paid through the depositor "Bank of New York Mellon", starting April 28, 2011.
Shares Benefiting from the Distribution:
the Ordinary General Assembly of shareholders also approved the Board of Directors' proposal that the last trading date to receive dividends should be April 14, 2011.

The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend an Extraordinary General Assembly meeting to be held at 12:00 noon on Wednesday May 4, 2011 at the Bank’s Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg. to discuss the redemption and cancellation of the 7,500,000 preferred shares class 2004 and the 10,000,000 preferred shares class 2005, as well as, the increase of the Bank's capital in conjunction with the redemption and cancellation of the above mentioned preferred shares.

The Ordinary General Assembly of Shareholders of Bank Audi s.a.l. – Audi Saradar Group convened on April 04, 2011 and resolved to (i) approve the Bank’s accounts for the year 2010 and (ii) declare a gross distribution of dividends as follows:
- To Holders of Series “D” Preferred Shares: USD 0.775 per share
- To Holders of Series “E” Preferred Shares: USD 4 per share
- To Holders of Common Shares: LBP 603 per share

As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows:

- To Holders of Series “D” Preferred Shares: USD 0.73625 per share
- To Holders of Series “E” Preferred Shares: USD 3.8 per share
- To Holders of Common Shares: LBP 572.85 per share

Dividends will be paid through Midclear S.A.L. starting April 06, 2011 for the holders of shares as at April 01, 2011 (Record Date), according to the records of Midclear S.A.L.   

On the occasion of the Feast of Annunciation, there will be no trading at the Beirut Stock Exchange on Friday, March 25, 2011.

The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Thursday May 12, 2011 in Le Royal Hotel – Dbayeh.

The Board of Directors of BLOM Bank met on 16 March 2011 and decided to call the General Assembly of Shareholders for a meeting on 8 April 2011. The Board proposed to distribute 675 LBP for each common share (or the equivalent of $0.45), subject to a 5% withholding tax on dividends.  As to preferred shares, they will receive dividends as per agreed rates. Subject to the approval by the General Assembly, total dividends for both common and preferred shares will constitute then 35% of 2010 profits.

The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Friday March 25, 2011, a Lebanese Republic Eurobond Issue, worth LBP /400,000,000,000/ carrying an interest rate of 9.375 % as these bonds will mature on March 30, 2011.

Further to the resolutions of the Extraordinary General Assembly held on January 31, 2011, Banque BEMO SAL declares that the share capital of the Bank has been increased from LBP16,200,000,000 to LBP62,200,000,000 by way of issue of 46,000,000 new common shares with a par value of LBP1,000 each. The increase has been completed by transferring LBP16 billion from the Retained Earnings and Free Reserves to the Capital account through the issuance of 16,000,000 new common shares that have been distributed for free to shareholders at the rate of one common share for each holder of one common share, while the remaining LBP30 billion has been subscribed in by cash from shareholders holder of common shares. 

The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend the Annual Ordinary General Assembly Meeting that will be held at 12:00 noon on Friday April 8th, 2011 in the Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg.

In its meeting held on March 12, 2011,the Board of Directors of Bank Audi S.A.L.- Audi Saradar Group resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 603 (currently equivalent to around USD 0.4) per common share. The rounded net amount proposed to be paid (after deduction of the applicable withholding tax at the rate of 5%) is thus LBP 572.85 (currently equivalent to around USD 0.38) per common share.  Subject to the General Assembly's approval, such dividends will be paid on or about April 06, 2011 to holders of common shares as at April 01, 2011 (record date), according to the records of Midclear S.A.L (The Central Depository).

Further to the decisions of the Extraordinary General Assembly of Banque BEMO SAL held on January 31, 2011 calling for the capital increase of the Bank by way of issue of (i) 16,000,000 new common shares to be distributed for free to the shareholders, and the issue of (ii) 30,000,000 new common shares to be subscribed in by cash as per the details stipulated in the minutes of the Extraordinary General Assembly and in the Call to Shareholders to Subscribe for the Capital Increase, and as the beneficiaries are the Bank's holders of common shares who are on record as at March 04, 2011.  The Beirut Stock Exchange decided to cancel temporarily the threshold for Banque BEMO's common share until a new price is defined for the mentioned share.  The threshold system stipulated in circular 171/2003 will be reapplied once a new price is defined for the share.

The Beirut Stock Exchange Committee decided to accept the listing and trading of two Lebanese Republic Eurobond Issues: The first, worth USD 250 million, carrying an interest rate of 5.875% and maturing in January 2015, while the second, worth USD 250 million, carrying an interest rate of 7.000% and maturing in December 2024 . Trading in the mentioned Eurobonds is scheduled to start on Wednesday, March 09, 2011.

The Beirut Stock Exchange Committee decided to accept the listing and trading of two Lebanese Republic Eurobond issues worth USD 490 million, carrying an interest rate of 6.1% and maturing in October 2022.  Trading in the mentioned Eurobonds is scheduled to start on Friday, March 04, 2011.

There will be no trading at the Beirut Stock Exchange on Monday, February 14, 2011 on the occasion of the sixth Memorial of the assassination of H.E. former Prime Minister Mr. Rafik Hariri.  Likewise, there will be no trading on Tuesday, February 15, 2011 on the occasion of the Prophet's Day.

On the Occasion of St. Maroun's Day, there will be no trading on the Beirut Stock Exchange on February 09, 2011.

The General Assembly of shareholders of Beirut Preferred Fund decided to:  (1) Approve the report of the manager related to the business of the fund from 01/07/2010 till 31/12/2010.  (2) Approve the Auditors’ report, the Balance Sheet and the Income Statement of the fund for the period from 01/07/2010 till 31/12/2010.  (3) Distribute an amount of USD /1,172,721.60/, or USD /3.60/ per share from the profits disclosed in the Balance Sheet and Income Statement that was achieved during the second half of the year 2010.  (4) Grant full discharge to the manager in respect of the management of the fund during the period from 01/07/2010 till 31/12/2010.  (5) Renew the nomination of the manager as president of the Assembly for the period from the date of this meeting till the date of the approval of the final accounts of the year 2011.

The Beirut Stock Exchange Committee decided to accept the listing and trading of a Lebanese Republic Bonds issue worth LBP 1,500 billion, bearing an interest rate of 7,9% and maturing in December 2017.

On the occasion of the Armenian Christmas Day there will be no trading at the Beirut Stock Exchange on Thursday, January 06, 2011.

Further to the decision of the Board of Directors of Bank of Beirut sal dated 17/8/2010, that decided to re-purchase all the preferred shares class C on the redemption date, and further to the decision of the Extraordinary General Meeting of shareholders of the Bank held on December 29, 2010 concerning the verification of the completion of the redemption and cancellation of the Bank's Preferred Shares Class C.  The Beirut Stock Exchange decided to de-list the above mentioned shares (BOBPC) prior to the opening of the trading session of December 30, 2010.

In synchronization with what is adopted in the banking sector in Lebanon, Thursday 30/12/2009 will be considered as the last trading day in the BSE during the year 2010, whereas no trading operations will be executed on Friday 31/12/2010.

The Extraordinary General Assembly of shareholders held on December 14, 2010 decided to decrease the capital of the company from LBP195,160,400,000 to LBP97,580,200,000 in conformity with the following principles:

(i) The reduction of the capital shall be effected by the reduction of the nominal value of the share from LBP10,000 to LBP5,000.  This resolution shall come into force upon the completion of the three months period specified in article 208 of the code of commerce and the achievement of all legal requirements.

(ii) After the expiry of this period and subject to the achievement of the legal requirements, the amount of the reduction shall be distributed to shareholders, after deduction of all taxes, fees and charges.

(iii) The extraordinary general meeting grants the Board of Directors of the company all powers necessary for carrying out the operation to reduce the capital of the company and then to distribute the amount of the reduction to shareholders in accordance to the above decisions, provided that no right will be created for shareholders before the expiry of the legal deadline and the realization of the conditions necessary for the reduction of capital.

On the occasion of Achoura, there will be no trading at the Beirut Stock Exchange on Thursday, December 16, 2010.

The extraordinary General Meeting of shareholders of Bank Audi sal – Audi Saradar Group confirms:
I – (i) The cancellation of 8,029,756 common shares, (ii) the increase of the nominal value of all remaining shares comprising the share capital of the bank by an amount equivalent to the aggregate nominal value of the cancelled Common Shares, (iii) the increase of the Bank's share capital from LBP438,475,777,250 to LBP438,786,706,116 through the incorporation of general reserves for LBP310,928,866 all resulting in the increase of the nominal value of each individual share up to LBP1,254.
II -  The adequate completion of all formalities relating to the increase of Capital of Bank Audi sal – Audi Saradar Group from LBP438,786,706,116 to LBP454,232,800,956 by an amount of LBP15,446,094,840 through the issuance of 12,317,460 common shares fully subscribed to and paid up by the beneficiaries of stock options who have exercised their option rights, and declare that the capital of Bank Audi sal – Audi Saradar Group is now LBP454,232,800,956 fully paid up and divided into 362,227,114 nominal shares having a nominal value of LBP1,254 each

The BSE decided to de-list, as of the end of the trading session of Friday, December 17, 2010, a Lebanese Republic Eurobond issue, worth USD /277,915,343/ carrying an interest rate of 6.00%, as these bonds will mature on December 22, 2010. 

On the occasion of Hegria New Year, there will be no trading at the Beirut Stock Exchange on Tuesday, December 07, 2010.

The presidency of the council of ministers announced that the Holiday for Eid Al Adha will be extended till November 18, 2010.  Therefore, the Beirut Stock Exchange will close down from Tuesday, November 16 till Thursday November 18, and resume trading on Friday, November 19, 2010

The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting to be held at 3 p.m., on Thursday November 11, 2010, at the company's Head Office, Foch St, Beirut Downtown to study the following agenda:

1- Amend some decisions of the Extraordinary General Assembly that was held on September 29, 2010.
2- Divers matters

The Bank hereby announces the effectiveness of the split of the Bank’s outstanding share capital, including the Bank’s Common Shares, Preferred Shares Class 2004 & 2005, as well as the GDRs representing Common Shares, in each case, at a ratio of 10 to 1.

The Split will become effective as of 04/10/2010, as determined by the Chairman of the Board of Directors of the Bank pursuant to a delegation duly granted to him by the Board of Directors of the Bank. The Bank’s Common Shares, Preferred Shares Class 2004 & 2005 and GDRs representing the Bank’s Common Shares will trade on a post-Split basis (as to both price and volume) from and after 05/10/2010 included.

On 21/06/2010 the Extraordinary General Assembly of Shareholders of the Bank approved the Split, the Central Bank of Lebanon approved it on 04/08/2010.

The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held exceptionally at 5 p.m., on Thursday October 14, 2010, at the company’s Head Office located in Chiyah Boulevard / Hazmieh- Galerie Semaan to discuss the following agenda:
1- Elect a new member of the Board.
2- Approve the guarantees and give authorizations according to articles 158 & 159 of the Commercial Law.
3- Divers and urgent matters

The Beirut Stock Exchange decided to accept as of Monday, September 06, 2010 the trading and pricing of an additional /276,036/ GDRs related to Byblos Bank SAL on the OTC market of the BSE.

The Beirut Stock Exchange decided to accept “Bank of Beirut Invest S.A.L.” as a broker in the BSE. The bank will start its trading operations on Wednesday September 1, 2010.

The Annual Ordinary General Assembly that was held on 28/06/2010 decided to:
· Approve the financial statements for the year 2009 and transfer all the profits to the Free Reserve.
· Discharge the chairman and the Board members for their administrative duties during the fiscal year 2009.
· Renew the authorization to deal with the Board members or shareholders or affiliated parties for the fiscal year 2010.
· Give the Board members the authorizations stipulated in Articles 159 of the Commercial Law for the fiscal year 2010.
· Elect a new Board of Directors of 7 members for 3 years ending when the Ordinary General Assembly will be held to approve the accounts of 2012. The members are the following:
1- Mr. Fayiz Mohamad Rasamny
2- Mr. Fayiz Kamil Rasamny
3- Mohamad Abed El Mohsen El Kharafi & sons Company
4- Fadi Younes
5- Ramzi Fouad Rasamny
6- Albert Latif
7- Al Mashrek Al Arabi Inc.

· Give the new Board of Directors validity to take debts and loans from banks during the fiscal year 2010 until the Ordinary General Assembly will approve the accounts of this year.
· Specify the yearly allocations for the Chairman and for every member of the Board of Directors.
· Renew the nomination of Deloitte and Touch as principal auditor for the fiscal year 2010.

The General Assembly of shareholders of Beirut Preferred Fund took the following decisions:

• Approve the report of the manager concerning the business of the fund from 01/01/2010 till 30/06/2010.
• Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the period from 01/01/2010 till 30/06/2010.
• Distribute an amount of USD /1,915,445.28/; USD /5.88/ per share from the profits shown in the Balance Sheet and Income Statement for the period from 01/01/2010 till 30/06/2010.
• Grant full discharge to the manager in respect of his management of the fund during the period from 01/01/2010 till 30/06/2010.

The Ordinary General Assembly of shareholders of BEMO Bank S.A.L. held on May 31, 2010 approved the Balance Sheet and the Profit and Loss accounts for the year 2009, declared a dividend distribution of LBP /12,060/ per preferred share and LBP /225/ per Common share and elected a new Board of Directors for a 3 years mandate (that will end up upon holding the Annual General Assembly that will examine the accounts of the year 2012) composed as follows: Riad Bechara Obegi, Dr. Ara Hretchdakian, Sheikh Hassan Mohamad Kabbani, Jean Victor Hajjar, Banque Saudi Fransi, Georges Bechara Obegi, Antoine Wakim, Emir Karim Samir Abillama, Sharikat Al Istismarat Al Oropia Lil Shark Al Aousat (Holding) s.a.l., Samih Halim Saadeh. The Ordinary General assembly also assigned Deloitte & Touche and BDO as principal auditors for 3 years.

The Ordinary General Assembly of Solidere held a meeting on Monday July 19, 2010 in Biel Downtown in reply to the second invitation by the Board of Directors. The meeting that was presided by Dr. Nasser Chamaa, president of the Board of Directors, was attended by shareholders representing almost 40% of the company’s shares, knowing that the required quorum in the second meeting of the General Assembly is the presence of shareholders that represent 1/3 of the company’s shares.

The Ordinary General Assembly decided to distribute total dividends of USD 175.6 million or what equals to USD 1.15 per share, as per the shareholders’ register when the decision was taken: July 19, 2010, with distribution to take effect as of October 15, 2010. The Ordinary General Assembly approved the financial statements of the company for the year 2009 that showed profits amounting to USD 214.9 million before tax or USD 182.2 million net of taxes. The General assembly gave the Board members the authorizations stated in Articles 158 & 159 of the Code of Commerce and cleared the chairman and members of the board from any liability for matters relating to the company’s management in 2009.

The Board of Directors of Solidere suggests a dividends’ distribution of 1.15 USD per Class (A) or (B) share. The beneficiary will be the shareholder carrying the share as shown below:

In case there will be a quorum in the General Assembly meeting on July 19, 2010 and the dividends’ distribution was approved, dividends will be paid to the shareholder according to the shareholders’ record as at July 19, 2010 in the morning.

The retroactive date for this record is July 13, 2010, meaning that the shareholder that purchases shares by July 13, 2010, or sells shares after the mentioned date  his name will be mentioned in the shareholders’ record of July 19, 2010 and will benefit from the dividends’ distribution in case it were stated.

(Ex-Dividend date 14 July 2010)

In case the quorum wasn’t reached on July 19, a meeting will be held on August 10, 2010 and in case there will be a quorum in this General Assembly meeting and the dividends’ distribution was approved, the dividends will be paid for the shareholder according to the shareholders’ record of August 10, 2010 in the morning.

The retroactive date for this record is August 4, meaning that the shareholder that purchases shares by August 4, his name will be mentioned in the shareholders’ record of August 10, 2010 and will benefit from the dividends’ distribution in case it were stated.

(Ex-Dividend date 5 August 2010)

Bank of Beirut S.A.L. as president of the General Assembly of shareholders of Beirut Preferred Fund invites the shareholders to attend the meeting of the General Assembly at 11:00 a.m. on Thursday 22 July 2010 in Bank of Beirut S.A.L. bldg, fourth floor, Riad Al Solh St.

In implementation of the decision of the Ordinary General Assembly held on 08/06/2010 related to the distribution of the 2009 dividends in exchange of the coupon Nb.4 from the shares issued on 14/05/2007, the company announces that starting Tuesday July 20, 2010 the payment of the specified dividend, that equal to LBP /1,920/ net for every share, will be as follows:

-          The shareholders that deposited their shares in local banks will get their dividends through “Midclear”.

-          The remaining shareholders can collect their dividends when presenting coupon Nb.4 of the company’s shares issued on 14/05/2007 to one of the following banks:

Banque Libano Francaise (Al Akkawi-Beirut and Tripoli- Al Tall branch) and Banque Societe Generale de Banque au Liban (Hamra and Tripoli branch), and that during the period starting July 20, 2010 till December 20, 2010. At the end of this period dividend payment will be executed in the company’s Head Office in Hery.

In implementation of the decision of the Ordinary General Assembly held on 24/06/2010 related to the distribution of the 2009 dividends in exchange of coupon Nb.5 from the shares issued on 05/01/1998, the company announces that starting Tuesday July 20, 2010 the payment of the specified dividends that equal to LBP /360/ net for every share will be as follows:

-          The shareholders that deposited their shares in the Lebanese banks will get their dividends through “Midclear”.

-          The remaining shareholders can collect their dividends when presenting coupon Nb.5 from the company’s shares issued on 05/01/1998 to Banque Libano Francaise (Al Akkawi branch-Beirut and Tripoli- Al Tall branch), and that during the period starting July 20, 2010 till December 20, 2010. At the end of this period dividend payment will be executed in the company’s Head Office in Hery.

The Beirut Stock Exchange Committee decided to accept the listing, trading and pricing of the /1,250,000/ Preferred Shares Class (E), issued by Bank Audi S.A.L. - Audi Saradar Group in the official market of the stock exchange. 

As the Ordinary General Assembly of shareholders was invited to meet for the first time on June 24, 2010 but the majority wasn’t reached, a second meeting was decided to be held on July 19, 2010 in Biel Downtown at 9:30 am

The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 5 p.m., on Monday June 28, 2010, at the company’s Head Office located in Chiyah Boulevard / Hazmieh- Galerie Semaan

The Board of Directors of Solidere invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held on Thursday June 24, 2010 at 9:30 am in Biel Downtown.

On the occasion of the Resistance and Liberation Day, there will be no trading at the Beirut Stock Exchange on Tuesday, May 25, 2010.  Trading will be resumed on Wednesday May 26, 2010.

The Bank hereby announces the effectiveness of the split of the Bank’s outstanding share capital, including the Bank’s Common Shares and Series D Preferred Shares, as well as the GDRs representing Common Shares, in each case, at a ratio of 10 to 1 (the “Split”).

The Split will become effective as of 24 May 2010, as determined by the Chairman of the Board of Directors of the Bank pursuant to a delegation duly granted to him by the Board of Directors of the Bank. The Bank’s Common Shares, Series D Preferred Shares and GDRs representing the Bank’s Common Shares will trade on a post-Split basis (as to both price and volume) from and after 25 May 2010.

On 5 March 2010, the Bank previously announced the approval of the Split by the Extraordinary General Assembly of Shareholders of the Bank pursuant to resolutions duly adopted at its meeting held on 2 March 2010. The Split was also approved by the Central Bank of Lebanon on 21 April 2010.

The Ordinary General Assembly of shareholders of BLC Bank S.A.L. that was held on 08/04/2010 approved the Balance Sheet and the Profit and Loss accounts for the fiscal year 2009 and declared a dividend distribution of LBP /149/ per share. The Assembly gave the required clearance to the Chairman and members of the Board and elected a new Board of Directors for a 3 years mandate (that will end up upon holding the Annual General Assembly that will examine the accounts of the year 2012) composed as follows: Maurice Sehnaoui, Nadim Kassar, Adnan Kassar, Adel Kassar, Nabil Kassar, Walid Daouk, Mansour Bteish, Nazem El Khoury, Raoul Nehme, Walid Ziadeh and Charles El Hage

The Board of Directors of Byblos Bank S.A.L. held on 26 March 2010 has the pleasure to announce to its shareholders that it resolved to propose to the Ordinary General Assembly convened to meet on April 23, 2010 at the Bank’s Head Office the distribution of dividends and profits for the year 2009 as follows:

For Common Shareholders:
     - LBP 200 per share (LBP 190 Net of 5 % withholding tax)
For Priority Shareholders:
     - Annual interest of 4% of the nominal value of the priority shares;
         LBP 48.4 per share (LBP 45.98 Net of 5 % withholding tax)
     - LBP 200 per share (LBP 190 Net of 5 % withholding tax)
For Preferred Shares holders: 
     - Class 2008: USD 8 per share; (USD 7.6 Net of 5 % withholding tax)
     - Class 2009: USD 3.35 per share; (USD 3.1825 Net of 5 % withholding tax)
Subject to the General Assembly's approval, such dividends will be paid on or about 29 April 2010 after deducting the 5 % withholding tax, to shareholders as at 28 April 2010 (record date), according to the records of Midclear (the Central Depository).
For GDR holders:
     - LBP 200 per share paid in US Dollars through the depositary The Bank of New York Mellon after deducting the 5% withholding tax and other expenses starting 5 May 2010.

On March 02, 2010, the Extraordinary General Assembly of shareholders of Bank Audi SAL – Audi Saradar Group held a meeting at the Bank's Head Office in Beirut, Lebanon and resolved to approve  the 10-for-1 split of all the Bank's shares (common and preferred). The new nominal value per share will be LBP 1,225 . The Extraordinary General Assembly also resolved to increase the Bank's Capital from LBP /436,944,527,250/ to LBP /438,475,777,250/ through the issuance of 1,250,000 new nominal preferred shares to be captioned Series "E" preferred shares having a nominal value of LBP 1,225 each, and to be listed on the regulated financial markets.

The execution of the above decisions is subject to the approval of the Central Bank.

The Beirut Stock Exchange decided to approve the listing of an additional /326,859/ GDRs related to Bank Audi – Audi Saradar Group on the official market of the Stock Exchange. Thus the Bank's total number of GDRs listed on the official market of the BSE became /10,156,761/.

This circular becomes effective after its publication in the Daily Bulletin.

The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held exceptionally at 5 p.m., on Thursday March 18, 2010, at the company’s Head Office located in Chiyah Boulevard / Hazmieh- Galerie Semaan region

The BSE decided to accept the listing, trading and pricing of an additional /1,872,675/ common shares, with a par value of LBP /1,200/ per share, issued by Bank Of Beirut SAL in the official market of the stock exchange.  These shares will be added to the previously listed common shares; thus the percentage of listed common shares in the mentioned market will become 33.333%, and that in addition to the bank’s preferred shares Class “C”, Class “D” and Class "E", excluding Class “F”.

Trading with the mentioned shares is scheduled to start on Wednesday morning 17/02/2010.

The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites all holders of ordinary shares to attend an Extraordinary General Assembly Meeting to be held at 10:30 a.m., on Tuesday March 2, 2010 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District in order to examine the following agenda:

1- A 10 for 1 split of all the Shares constituting the Bank's Capital;
2- The Increase of the Bank's Capital through the issuance of up to 1,250,000 Preferred Shares (pursuant to Lebanese Law No 308/2001) and the determination of their terms and conditions;
3- The amendment of the Bank's by-laws, including, in particular Article 6 and Article 8 thereof, in order to reflect the actions described in items 1 and 2 above;
4- The granting to the Chairman of the necessary powers to seek required approvals, to set deadlines and to perform all other procedures and acts in pursuit of all the foregoing resolutions.

On the Occasion of St. Maroun's Day, there will be no trading at the Beirut Stock Exchange on February 09, 2010.

The General Assembly of shareholders of Beirut Preferred Fund took the following decisions:

• Approve the report of the manager concerning the business of the fund from 01/07/2009 till 31/12/2009.
• Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the period from 01/07/2009 till 31/12/2009.
• Distribute an amount of USD /2,443,170/ from the profits shown in the Balance Sheet and Income Statement for the period from 01/07/2009 till 31/12/2009. That is in addition to previously distributed amounts to the shareholders as per the two previous meetings of the General Assembly dated 30/01/2009 and 24/07/2009.
• Grant full discharge to the manager in respect of his management of the fund during the period from 01/07/2009 till 31/12/2009.
• Renew the nomination of the manager as president of the Assembly for the period from the date of this meeting till the date of the approval of the General assembly on the accounts of the fiscal year 2010.

Transaction on Shares and GDRs

Beirut, January 18^th, 2010

Bank Audi sal – Audi Saradar Group announces that a group of its existing shareholders, as well as a number of other high net worth individuals and entities investing directly or through investment vehicles, purchased today the 7,554,148 common shares and 2,483,034 GDRs of Bank Audi, previously owned by EFG-Hermes Holding SAE and its subsidiaries at a price of US$ 91 per share and GDR, for a total purchase price of US$ 913,383,562. The transaction took place today on the Beirut Stock Exchange.

Following the transaction, none of the purchasers individually own 5% or more of the common shares of the Bank.

Dr Marwan Ghandour, Vice-Chairman of the Bank stated: “Bank Audi is grateful for the support provided by EFG-Hermes as a shareholder of the Bank. Bank Audi welcomes the participation of the purchasers in its capital”.

On the occasion of the Armenian Christmas Day there will be no trading at the Beirut Stock Exchange on Wednesday, January 06, 2010.

The Ordinary General Assembly of Rasamny Younis Motor Co. S.A.L. held exceptionally on 20/11/2009 decided to approve all the operations and contracts, of any kind, executed between the Board member: Mohamad Abed El Mohsen El Kharafi & sons Co. and Rymco S.A.L. within the framework of the Investment Project in London, and on every action taken to give effect to these operations and contracts.

Bank Audi s.a.l. – Audi Saradar Group is pleased to announce the appointment of Mr. Raymond W. Audi as its new Chairman of the Board of Directors succeeding Dr. Georges Achi who had submitted his resignation from the Chairmanship of the Board.

The appointment of Mr. Audi took effect on December 22, 2009.

Bank Audi s.a.l. – Audi Saradar Group is pleased to announce the appointment of Dr. Marwan M. Ghandour as Vice-Chairman of its Board of Directors.

The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /2,400,000/ Preferred Shares Class (E), issued by Bank of Beirut SAL in the official market of the stock exchange. 

Trading with the Preferred Shares Class (E) starts on Wednesday 30/12/2009.

In synchronization with what is adopted in the banking sector in Lebanon, Wednesday 30/12/2009 will be considered as the last trading day in the BSE during the year 2009, whereas no trading operations will be executed on Thursday 31/12/2009.

The Beirut Stock Exchange announces the acceptance of "L.C.B. Finance S.A.L." as a broker in the BSE. The company will start its trading operations on Monday, December 7, 2009.

The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds.

The Beirut Stock Exchange requests all members to settle their annual fee for the year 2009 and any other overdue fees before 30/12/2009.  Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws.  Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine.  Payment should be done by submitting a check to the order of Beirut Stock Exchange either:

1.        At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4^th floor – during the official office hours.

2.        Or by calling the BSE administration at phone No. 01-993555, before 15/12/2009 to send one of its representatives to collect the check, against an official receipt.

The Beirut Stock Exchange Committee decided to approve, as of November 18, 2009 the listing, trading and pricing of the 2,000,000 preferred shares (class 2009) issued by Byblos Bank SAL on the official market of the stock exchange.  In addition, the BSE Committee took note of the increase of the par value of all Byblos Banks' shares to LBP 1210 per share.

The Annual Ordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L. that was held on August 18, 2009 approved the Balance Sheet and the Profit and Loss accounts for the year 2008 and declared a dividend distribution of USD 0.07 per share, to be paid in December 2009. The Assembly gave the required clearance to the Chairman and members of the Board and decided to reduce the number of the Board of Directors to 7 members instead of  9 for the remaining period of the board.

The Extraordinary General Assembly of Bank of Beirut that was held on September 18, 2009 decided to:

-          Approve all the procedures of the Capital increase.

-          Announce that the Capital of Bank of Beirut S.A.L. became LBP /68,603,250,000/ fully paid

The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held exceptionally at 5 p.m., on Friday November 20, 2009,at the company’s Head Office located in Chiyah Boulevard / Hazmieh- Galerie Semaan region.

The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites all holders of ordinary shares to attend an Extraordinary General Assembly Meeting to be held at 10:30 a.m. on Wednesday October 14, 2009 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District in order to examine the following agenda:

1- Verification of the adequate completion of the procedures of the Bank's capital increase by L.L. 2,812,012,000 pursuant to the resolution of the Extraordinary General Assembly held on July 27, 2009.
2- Other matters relating to items 1 above.

On the occasion of Eid El Fitr there will be no trading at the Beirut Stock Exchange on Monday, September 21, 2009.  Trading will be resumed on Tuesday, September 22, 2009.

The Ordinary General Assembly of shareholders of Byblos Bank S.A.L. held on May 22, 2009 approved the Balance Sheet and the Profit and Loss accounts for the fiscal year 2008 and declared a dividend distribution of USD 12 per Preferred share (issuance 2003), USD 3.35 per Preferred share (issuance 2008), LBP 195.6 per Priority share and LBP 150 per Common share. The Assembly gave the required clearance to the Chairman and members of the Board and elected new members to the Board for a period of 3 years.

Based on Uniceramic letter (receipt date 17/09/2009) by which the company notified Beirut Stock Exchange that it has applied on 12/09/2009 for issuing a judicial decision from the civil court of first instance in the Bekaa to declare its bankruptcy as it is in the process of stop paying its debts, and this is on the basis of the decision of the Extraordinary General Assembly meeting held on 25/08/2009. The company asked through the mentioned letter from Beirut Stock exchange to report to whom it may be concern and take necessary measures in this regard.

And by virtue of articles 20(7) and 101 of the BSE by-laws issued by decree Nb. 7667/95 that allow the suspension of operations in any listed instrument when necessary and take measures in this regard, for the benefit of the market and investors.

The Beirut Stock Exchange decided to suspend trading and pricing in both Uniceramics' shares Class A and C that are listed in the Junior Market of the Beirut Stock Exchange starting Friday, September 18, 2009 and till further notice.

The shareholders of Bank Audi SAL – Audi Saradar Group attended, on July 27, 2009, an Extraordinary General Assembly at the Bank's Head Office and ratified: the adequate completion of the cancellation procedures of the preferred shares class C, the reduction of the Bank's total number of shares by 4 million shares and the distribution of the nominal value of the cancelled shares on the other shares.  The Extraordinary General Assembly also ratified the adequate completion of the procedures of the capital increase by an amount of LBP /299,236,250/ by appropriating this amount from the free reserve; thus the nominal value of each share becomes LBP 12,250.  In addition the meeting approved the capital increase of the bank by an amount of LBP /2,812,012,000/ by issuing /229,552/ common shares reserved to the owners of stock options who have exercised their options.

The holders of preferred shares that are issued on September 24, 2009 are invited to attend a General Assembly on Thursday September 24, 2009 at 13:00 pm that will be held at the Bank’s Head Office, Byblos Bank Tower, Achrafieh, Elias Sarkis Avenue, to discuss the following Agenda:

1-       Establish the By-Laws of the Assembly of shareholders of Preferred Shares issued on September 24, 2009.

2-       Designate one representative or more of the assembly

3-       Other Matters

The shareholders of Byblos Bank S.A.L. are invited to attend an Extraordinary General Assembly Meeting at 13:00 pm on Thursday September 24, 2009 that will be held at the Bank’s Head Office, Byblos Bank Tower, Achrafieh, Elias Sarkis Avenue, to discuss the following Agenda:

1-       Verify the adequate increase of Capital through the issuance of Preferred shares.

2-       Verify the liberation of the total value of the issued Preferred Shares.

3-       Approve the amendment of Article 6 of the By-Laws to reflect the foregoing Capital increase.

4-       Other Matters.

The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Friday September 18, 2009 at 12 noon to study and state the following agenda:

1-       Verify the subscription and liberation of the total nominal value of the Preferred shares (F) represented to increase the capital of the Bank from LBP /65.003.250.000/ to LBP /68.603.250.000/ and for the whole issue premium of these Preferred shares.

2-       Verify the adequate completion of the procedures of the Capital increase.

3-       Announce that the Capital of the bank became LBP /68.603.250.000/

In implementation of the decision of the Ordinary General Assembly held on 23/06/2009 related to the distribution of the 2008 dividends in exchange of the Coupon Nb.4 from the shares issued on 05/01/1998, the company announces that it will start paying dividends of LBP /460/ net per share starting September 1, 2009 therefore the BSE announces that the trading with Ciments Blancs S.A.L. shares will become as follows:

1-       Till the end of the trading session of Wednesday 26/08/2009:

Trading the share with Coupon Nb. 4 that means with the dividends related to the share subject to the Ordinary General Assembly decision dated 23/06/2009.

2-       Starting the trading session of Thursday 27/08/2009:

Trading the share without Coupon Nb. 4 that means without the dividends related to the share subject to the Ordinary General Assembly decision dated 23/06/2009.

In implementation of the decision of the Ordinary General assembly held on 17/06/2009 related to the distribution of the 2008 dividends in exchange of the Coupon Nb.3 from the shares issued on 14/05/2007, the company announces that it will start paying dividends of LBP 1,285 net per share starting September 1, 2009 therefore, the BSE announces that the trading with Holcim (Liban) S.A.L. shares will become as follows:

1-       Till the end of the trading session of Wednesday 26/08/2009:

Trading the share with Coupon Nb. 3 that means with the dividends related to the share subject to the Ordinary General Assembly decision dated 17/06/2009.

2-       Starting the trading session of Thursday 27/08/2009:

Trading the share without Coupon Nb. 3 that means without the dividends related to the share subject to the Ordinary General Assembly decision dated 17/06/2009.

In implementation of the decision of the Ordinary General Assembly held on 23/06/2009 related to the distribution of the 2008 dividends in exchange of coupon Nb.4 from the shares issued on 05/01/1998, the company announces that starting Tuesday September 1, 2009 the payment of the specified dividends that equal to LBP /460/ net for every share will be as follows:

-          The shareholders that deposited their shares in the Lebanese banks will get their dividends through “Midclear”.

-          The remaining shareholders can collect their dividends when presenting coupon Nb.4 from the company’s shares issued on 05/01/1998 to:

Banque Libano Francaise (Al Akkawi branch-Beirut and Tripoli- Al Tall branch), and that during the period starting September 1, 2009 till December 20, 2009. At the end of this period dividend payment will be executed in the company’s Head Office in Hery.

In implementation of the decision of the Ordinary General Assembly held on 17/06/2009 related to the distribution of the 2008 dividends in exchange of the coupon Nb.3 from the shares issued on 14/05/2007, the company announces that starting Tuesday September 1, 2009 the payment of the specified dividend, that equal to LBP /1,285/ net for every share, will be as follows:

-          The shareholders that deposited their shares in local banks will get their dividends through “Midclear”.

-          The remaining shareholders can collect their dividends when presenting coupon Nb.3 of the company’s shares issued on 14/05/2007 to one of the following banks:

Banque Libano Francaise (Al Akkawi-Beirut and Tripoli- Al Tall branch) and Banque Societe Generale de Banque au Liban (Hamra and Tripoli branch), and that during the period starting September 1, 2009 till December 20, 2009. At the end of this period dividend payment will be executed in the company’s Head Office in Hery.

The BSE committee decided to accept, as of Friday August 14, 2009, the listing and trading of 5 issues of Lebanese Republic Eurobonds in the official market of the stock exchange.

For more information about the details of these issues, please refer to the Laws & regulations folder- Circulars section.

The General Assembly of shareholders of Beirut Preferred Fund took the following decisions:

• Approve the report of the manager concerning the business of the fund from 01/01/2009 till 30/06/2009.
• Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the period from 01/01/2009 till 30/06/2009.
• Distribute an amount of USD /1,140,146/ from the profits shown in the Balance Sheet and Income Statement for the period from 01/01/2009 till 30/06/2009 or what equals USD /3.50/ per share. That is in addition to the amount of USD /325,756/ distributed previously to the shareholders as a prepayment on the expected profits of 2009.
• Grant full discharge to the manager in respect of his management of the fund during the period from 01/01/2009 till 30/06/2009.

The Ordinary General Assembly of shareholders of Holcim (Liban) S.A.L. held on June 17, 2009 will be asked to consider and vote upon the following agenda: Approve the Balance Sheet and the Profit and Loss accounts for the year 2008 and declare a dividend distribution of LBP /1,353/ gross per share. Payment is scheduled to start during September 2009. Also the Ordinary General assembly reelected some members to the Board of Directors.

The Board of Directors of Byblos Bank S.A.L. has the pleasure to inform the signatories of the purchase applications for the series 2009 Preferred Shares which are in the process of being issued, that the Offering Circular drafted in accordance with applicable Lebanese Laws, will be available at the Bank’s Head Office and all branches, during working hours from the 20^th of July 2009 until the 27^th of July 2009.

The Board of directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Annual Ordinary General Assembly Meeting to be held in the company’s Head Office in Chiyah Boulevard / Hazmieh- Galerie Semaan region, at 5 p.m. on Tuesday August 18, 2009.

The Ordinary General Assembly that was held on Monday July 13^th, 2009 in Biel Downtown decided to:

• Distribute dividends of USD 1.15 per share to the shareholders, as per the shareholders’ register at the General Meeting date, with distribution to take effect as of September 28, 2009.
• Approve the auditors’ report and the special report produced in accordance to articles 158 & 159 of the Code of Commerce.
• Clear the chairman and members of the board from any liability for matters relating to the company’s management in 2008.
• Nominate the auditors (Deloite & touche, Ernest & Young) to audit the company’s accounts for the next 3 years.
• Elect Mrs. Nasser El Chamma, Fadi Nabil Boustany, Maher Beydoun, Sarkis Demerjian, Joseph Asseily, Rouphael Sabbagha, Sami Nahhas, Fouad EL Khazen, Maher Daouk, Abed el Hafiz Mansour and Bassil Yared to the board of directors for a period of three years.

Bank of Beirut S.A.L. as president of the General Assembly of shareholders of Beirut Preferred Fund invites the shareholders to attend the meeting of the General Assembly at 10:00 a.m. on Friday 24 July 2009 in Bank of Beirut bldg S.A.L., fourth floor, Riad Al Solh St.

The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites all holders of ordinary shares to attend an Extraordinary General Assembly Meeting to be held at 10:30 a.m. on Monday 27/07/2009 at the Bank’s Head Office at Audi Plaza, Bab Idriss, Beirut Commercial Central District.

The month of June 2009 witnessed a rise in the trading movement on the Beirut Stock Exchange.  In the month’s 21 trading sessions 8.8 million shares were traded for a value of USD 174.8 million compared with 4.5 million shares for a value of USD 70.7 million for the previous month.  Cumulative trading from the beginning of the year till the end of June totaled 74.6 million shares valued at USD 476 million, against 30.6 million shares for a value of USD 689.4 million for the corresponding period of last year.

At the end of June, the stock capitalization of the listed shares increased by 22.06% to reach USD 11313 million against USD 9268 million at the end of May 2009.

The shareholders of Byblos Bank SAL are invited to attend the extraordinary general assembly to be held at the Bank Head Office, in Ashrafieh, Elias Sarkis Avenue, Byblos Tower building on Saturday August 1^st, 2009 at 10:00 am, in order to discuss and decide on the matters listed on the following agenda:

1-       Confirmation of the redemption of the Bank's Series 2003 Preferred Shares

2-       Approval of the Bank's capital increase to be carried out in two stages:

-          First stage: increase of /3,051,362,800/ LBP by deducting it from the reserve allocated to the capital increase and adding it to the capital.

-          Second stage: increase by issuing preferred shares subject to the provisions of Law 308/2001, and determination of the amount, terms, conditions and details of such increase.

3-       Amendment of Article 6 of the Articles of Incorporation pursuant to the capital increase

4-       Miscellaneous

Following the expiry term of Beirut Golden Income Fund, which was fixed for a period of five years starting from the date of its final constitution, the Beirut Stock Exchange decided to stop trading in the shares of the mentioned fund in its Junior Market by the end of the trading session of Tuesday 07/07/2009.

By virtue of Article 18 from the Law Nb. 706/2005, Bank of Beirut S.A.L. as manager of the Beirut Golden Income fund, announces that the mentioned fund became in liquidation process following its expiry term on 13/07/2009.

The Ordinary General Assembly of Uniceramic S.A.L. took the following decisions:

1)       Approve the Board of Directors’ reports relating to the activities of the company for the fiscal year 2008.

2)       Approve the auditors’ reports, the accounts, balance sheet and Profit and loss accounts for the fiscal year 2008.

3)       Carry forward the loss of the fiscal year 2008 to the fiscal year 2009.

4)       Take notice of the resignation of Mr. Nabil Treiky, Mr. Georges Hatem and Mr. Hashem Abou Abboud from the Board of Directors, and clear the chairman and members of the Board from any liability for matters relating to the company’s management in the fiscal year 2008.

5)       Appoint Mr. Farid Elias Gebran as auditor of the company for the fiscal year 2009.

6)       Renew the authorizations given pursuant to the provisions of article 158 and 159 of the Code of Commerce.

Bank Audi S.A.L. – Audi Saradar Group’s Audited Consolidated Annual Financial Statements for the year ended 31 December 2008 (including the Auditors report and accompanying notes) are available from the address below:

The Corporate Secretary

Bank Audi S.A.L. – Audi Saradar Group

Audi Plaza – Bab Idriss

Beirut 2021 8102- Lebanon

And can be downloaded from the Company’s website at www.banqueaudi.com

The Board of Directors of Solidere suggests a dividends’ distribution of 1 USD per Class (A) or (B) share. The beneficiary will be the shareholder carrying the share as shown below:

In case there will be a quorum in the General Assembly meeting on July 13, 2009 and the dividends’ distribution was approved, dividends will be paid to the shareholder according to the shareholders’ record as at July 13, 2009.

The retroactive date for this record is July 7, 2009, meaning that the shareholder that purchases shares by July 7, 2009,  his name will be mentioned in the shareholders’ record of July 13, 2009 and will benefit from the dividends’ distribution in case it were stated.

In case the quorum wasn’t reached on July 13, a meeting will be held on August 4, 2009 and in case there will be a quorum in this General Assembly meeting and the dividends’ distribution was approved, the dividends will be paid for the shareholder according to the shareholders’ record of August 4, 2009.

The retroactive date for this record is July 29, meaning that the shareholder that purchases shares by July 29, his name will be mentioned in the shareholders’ record of August 4, 2009 and will benefit from the dividends’ distribution in case it were stated.

As the Ordinary General Assembly was invited to meet for the first time on June 17, 2009 but the majority wasn’t reached, a second meeting  is scheduled on July 13, 2009 in Biel Downtown at 9:30 am.

The Beirut Stock Exchange decided to accept the trading and pricing of /1,033,042/ Global Depository Receipts (Each represents 50 shares) related to Byblos Bank S.A.L. that are issued by Bank of New York – Melon on the Over The Counter Market of the BSE. Trading is scheduled to start on Thursday June 18, 2009.

The Ordinary General Assembly of shareholders of BEMO Bank S.A.L. held on May 30, 2009 approved the Balance Sheet and the Profit and Loss accounts for the year 2008 and declared a dividend distribution of LBP /12,060/ per preferred share and LBP /225/ per Common share.

Due to the upcoming parliamentary elections, there will be no trades at the Beirut Stock Exchange on Monday June 8, 2009.  Trading will be resumed on Tuesday June 9, 2009.

Based on the decisions of the Board of Directors of Byblos Bank S.A.L. dated 22/05/2009 stipulating the redemption of Preferred Shares Class 2003, according to the primary issue conditions, the BSE decided to stop trading in the mentioned shares starting the end of the trading session of Wednesday May 27, 2009, and de-list these shares as of Thursday May 28, 2009.

The Ordinary General Assembly for the shareholders that was held on May 22, 2009 at the Bank’s Head Office decided to distribute dividends and profits for the year 2008 as follows:

For Common Shareholders:

      LBP 157.9 per share (LBP 150 Net of 5 % distribution tax)

For Priority Shareholders:

      Annual interest of 4% of the nominal value of the priority shares; LBP 48  per share (LBP 45.6 Net of 5 % distribution tax)

      LBP 157.9 per share (LBP 150 Net of 5 % distribution tax)

For Preferred Shareholders:  

     ● Class 2003: USD 12 per share; LBP 18,168 (LBP 17,259.6 Net of 5 %

                distribution tax)

     ● Class 2008: USD 3.35 per share; LBP 5.071,9 (LBP 4.818,3 Net of 5 %

                distribution tax)

These amounts will be paid through Midclear starting May 29^th, 2009 after deducting the 5 % distribution tax.

The Board of Directors of Solidere invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held on Wednesday June 17, 2009 at 9:30 am in Biel Downtown.

On the occasion of the Resistance and Liberation Day, there will be no trading at the Beirut Stock Exchange on Monday, May 25, 2009.  Trading will be resumed on Tuesday May 26, 2009.

Bank Bemo S.A.L. announces that the Ordinary General Assembly held exceptionally on 10/03/2009 decided to issue subordinated loans according to the following conditions:

-         Type of the bonds: Nominal.

-         Par value per bond: USD /10,000/.

-         Number of bonds: /4,000/.

-         Interest: 7% annually paid twice: on 30 June & on 31 December of each year.

-         Expiry Date: 5 years starting the activation of the bonds.

The deadline for subscription is 10 days starting May 21, 2009 and ends on May 30, 2009.

The BSE decided to accept the listing, trading and pricing of an additional /1,413,847/ common shares, with a par value of LBP /1,200/ per share, issued by Bank Of Beirut SAL in the official market of the stock exchange.  These shares will be added to the previously listed common shares; thus the percentage of listed common shares in the mentioned market will become 33.333%, and that in addition to the total number of the bank’s preferred shares Class “C” and Class “D”, excluding Class “E”.

Trading with the mentioned shares is scheduled to start on Monday morning 25/05/2009.

Byblos Bank’s Agenda for dividend distribution (Common shares, Priority shares and Preferred shares Class 2003 & 2008):

-         Last Trading date to receive dividends: May 22, 2009

-         Ex Dividend Date: May 25, 2009

-         Record Date: May 27, 2009

-         Payment Date: May 28, 2009

For GDRs:

-         Last Trading date to receive dividends: May 22, 2009

-         Ex Dividend Date: May 25, 2009

-         Record Date: May 27, 2009

-         Payment Date: June 04, 2009

(*) Same dates apply for interest payment on Priority Shares.

The holders of Preferred shares class 2005 are invited to an Ordinary General Meeting that will be held at 12:30 p.m. on Monday 15 June 2009 in BLOM Bank S.A.L. head office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg, to discuss the following agenda:

1)      Take note of the decision of the Annual Ordinary General Assembly of BLOM Bank’s shareholders that was held on April 8, 2009 related to the distribution of 2008 dividends to the holders of Preferred shares class 2005.

2)      Other Matters.

The holders of Preferred shares class 2004 are invited to an Ordinary General Meeting that will be held at 11:00 a.m. on Monday 15 June 2009 in BLOM Bank S.A.L. head office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg, to discuss the following agenda:

1)      Take note of the decision of the Annual Ordinary General Assembly of BLOM Bank’s shareholders held on April 8, 2009 related to the distribution of 2008 dividends to the holders of Preferred shares class 2004.

2)      Other Matters.

The BSE decided to de-list, as of the end of the trading session of Friday May 15, 2009, a Lebanese Republic Eurobond issue, worth Euro 225 million carrying an interest rate of 7.25 % as these bonds will mature on May 20, 2009.

The shareholders of Bank Audi S.A.L. - Audi Saradar Group attended an Extraordinary General Assembly Meeting in the Bank’s Head Office in Beirut – Lebanon on May 07, 2009 and took the following decisions:

·         Approve the redemption of all Preferred shares Class “C”, as a result distribute the nominal value of the cancelled shares on the Bank’s remaining common and preferred shares and decrease the total number of shares of the bank by 4 million shares.

·         Increase the Bank’s Capital; thus the par value per share becomes LBP /12,250/.

·         Amend Articles 6 & 8 of the Bank’s By-Laws, so that the bank’s capital is defined by an amount of LBP /434,132,515,250/ divided into /34,189,389/ nominal common shares and /1,250,000/ nominal preferred shares class “D”.

The execution of the above decisions depends on the approval of the Central Bank.

The Board of Directors of Ciments Blancs S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 am on Tuesday June 23, 2009 in the premises of Holcim (Liban) S.A.L. in Antelias.

The Extraordinary General Assembly of Bank of Beirut that was held on April 2, 2009 decided to list on the Beirut Stock Exchange an additional /1,413,847/ common shares to be added to the previously listed common shares.  In addition the extraordinary general assembly decided to list, before December 31, 2009, all the /2,400,000/ preferred shares class E, previously issued by the bank, in the official market of the stock exchange.

The Ordinary General Assembly of shareholders of Bank of Beirut S.A.L. held on April 02, 2009 approved the Balance Sheet and the Profit and Loss accounts for the year 2008 and declared a dividend distribution of LBP /28,030,859,375/ for the common shares and LBP /12,134,400,479/ for Preferred shares Class (C), LBP /13,567,500,000/ for Preferred shares Class (D).

Bank of Beirut S.A.L. invites the holders of Preferred shares Class “E” to attend an Extraordinary General Assembly meeting on Wednesday May 13^th, 2009 at 4 p.m. to:

1-       Draft the by-laws of the General Body of shareholders of Preferred shares “E”

2-       Designate the representatives of the body

Bank of Beirut S.A.L. invites the holders of Preferred shares Class “D” to attend an Extraordinary General Assembly meeting on Wednesday May 13^th, 2009 at 3 p.m. to:

1-       Draft the by-laws of the General body of shareholders of Preferred shares Class “D”

2-       Designate the representatives of the body

3-       Divers matters

The holders of preferred shares of Byblos Bank S.A.L. are invited to attend the meeting of the Annual Ordinary General Assembly that will be held at the Bank’s Head Office, Achrafieh, Byblos Bank Tower, Elias Sarkis Avenue, at 10:00 a.m. on Friday May 22, 2009.

The shareholders of Byblos Bank S.A.L. are invited to attend the meeting of the Annual Ordinary General Assembly that will be held at the Bank’s Head Office, Achrafieh, Byblos Bank Tower, Elias Sarkis Avenue, at 11:00 a.m. on Friday May 22, 2009.

The Board of Directors of Holcim (Lebanon) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held in Le Royal Hotel – Dbayeh, at 10:00 a.m. on Wednesday June 17, 2009.

The Ordinary General Assembly of Bank of Beirut S.A.L. held its annual meeting on 02/04/2009 and decided to approve the Balance sheet and Income Statement and allocate the profits of the year 2008.

The Ordinary General Assembly decided to distribute dividends to the holders of common shares and preferred shares as follows:

-          Common Shares: LBP 625 per share; a total of about LBP 28 billion.

-          Preferred shares Class “C”: USD 8,049,343 about 11% of the issuance price

-          Preferred shares Class “D”: USD 9,000,000 about 9% of the issuance price

The Ordinary General Assembly of Shareholders of Bank Audi S.A.L. – Audi Saradar Group convened on April 21, 2009 and resolved to (i) approve the Bank’s accounts for the year 2008 and (ii) declare a gross distribution of dividends as follows:

-          To Holders of Series “C” Preferred Shares : USD 2.1875 per share

-          To Holders of Series “D” Preferred Shares : USD 7.75 per share

-          To Holders of Common Shares:        LBP 3,400 per share

As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows:

-          To Holders of Series “C” Preferred Shares : USD 2.078125 per share

-          To Holders of Series “D” Preferred Shares : USD 7.3625 per share

-          To Holders of Common Shares:      LBP 3,230 per share

Dividends will be paid through Midclear S.A.L. starting April 22, 2009 for the holders of shares as at April 16, 2009 (Record Date), according to the records of Midclear S.A.L.

Based on the decision of the Board of directors’ of Bank Audi S.A.L. – Audi Saradar group that was held on 18/11/2008 related to the redemption & cancellation of the Preferred Shares Class “C” within 5 business days following the date of the Ordinary General Assembly that will approve the accounts of the fiscal year 2008, the BSE decided the following:

1-       Stop trading with Audi Preferred Shares Class “C” in the BSE by the end of the trading session of 21/04/2009.

2-       Consider Tuesday 21/04/2009 as the last trading day  for  the shares mentioned above.

3-       Cancel the mentioned shares from the listing table starting Wednesday morning, 22/04/2009 and keep on the other bank’s listings.

Decision#5: State the repurchase of the Preferred shares class “C” on its due date according to its issuance conditions:

After discussion, the Board of Directors’ decided:

1-       Redeem and cancel the Preferred Shares Class “C” within 5 business days following the date of the Ordinary General Assembly that will approve the accounts of the fiscal year 2008.

2-       Specify the amount that will be added to the par value of the remaining of the bank’s shares after canceling the Preferred Shares Class “C” by LBP 1,241.56 per share, thus the par value per share will become LBP 12,241.56.

3-       Suspend the execution of articles (1) & (2) till receiving the approval of the concerned monetary authorities.

The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 10:30 a.m. on Thursday 07/05/2009 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, to discuss the following agenda:

1-     Cancel the Preferred shares class “C” and decrease the bank’s shares by 4 million shares as a result of the cancellation operation, and subsequently increase the par value of the remaining shares.

2-     Acknowledge the bank’s Capital increase by a value of LBP 229,236,250 to be deducted from the Free Reserve to round the par value of the share, and thus by increasing this value to LBP 12,250.

3-     Amend the By-Laws of the bank, mainly articles 6 & 8,  to reflect the changes stated above;

4-     Divers matters related to the subjects mentioned above.

The Ordinary General Assembly of shareholders that was held on April 8^th, 2009, at the Bank’s head office decided to distribute dividends related to the year 2008 as follows:

 ● For the holders of Preferred shares:

            - Preferred shares Class 2004: 8.50 USD

            - Preferred shares Class 2005: 9.50 USD

These amounts will be paid through Midclear starting 21 April 2009 and after deducting the distribution tax that is 5%.

● For the holders of common shares and GDRs:

LBP 5,500 per share, these dividends will be paid after deducting the distribution tax that is 5% to the holders of common shares through Midclear starting 22 April 2009 and to the holders of GDRs what equals LBP 5,500 in USD through its issuer Bank of New York Mellon starting 28 April 2009.

● The shares that benefit from the distribution:

In order to acquire dividends of “2008” the last trading date is 14 April 2009.

In its meeting held on April 2, 2009, the Board of Directors of Bank Audi S.A.L. - Audi Saradar Group resolved to propose to the Ordinary General Assembly convened to meet on April 21, 2009 the distribution of a dividend of LBP 3400 per common share. Subject to the General Assembly’s approval, such dividends will be paid (after deduction of the applicable withholding tax) on or about April 22, 2009 to holders of common shares as at April 16, 2009 (record date), according to the records of Midclear S.A.L. (The Central Depository).

The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Tuesday April 21, 2009 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District.

The BSE launched on Monday morning March 23, 2009, a new version of an advanced trading system known as NSC UNIX V3+ based on the PAM system that was developed by NYSE EURONEXT to replace the old version NSC UNIX V3 based on the TAK system which was used by the BSE from July 2003 till the end of the trading session of Friday March 20, 2009.

The new launching came after intensive preparations that the BSE made during the previous 6 months; the BSE reorganized the structure of its IT systems’ and softwares’ and upgraded its technological infrastructure and the security systems and networks of the data related to the trading system and trained the brokers’ representatives on the use of the new version.

The new system has many features; the user can store trading statements and data in an easy way and benefit from the visual and audible warning mechanism towards certain events that might be useful to him. This version has also new types of buying and selling orders and it facilitates the quick analysis of the trading data of the market in addition to many other features.

The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend the Annual Ordinary General Assembly meeting that will be held at 11:00 a.m. on Wednesday April 8^th, 2009 in the Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg.

The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Thursday April 2^nd, 2009 at 4 p.m. to discuss the following agenda:

1-       Amend the Article 1 of the 4^th decision taken by the Extraordinary General Assembly that was held on 13/11/2008.

2-       Divers Matters.

The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Thursday April 2^nd, 2009 at 3 p.m.

The Ordinary General Assembly that was held on 17/02/2009 decided to elect Mr. Nazem Khoury to the Board of Directors. Mr. Khoury’s mandate will expire at the end of the mandate of the present Board of Directors; that is when ratifying the accounts of the fiscal year 2009.

The Extraordinary General Assembly of Holcim (Lebanon) S.A.L. decided to amend Article 19 of its By-Laws and that by reducing the number of shares, that the Board of Directors members must freeze in order to insure their responsibility for the management’ business, from 30.000 old shares valued at LBP 30 million to 3.000 new shares of the same value, whereas this reduction is necessary after the decrease of the company’s Capital in the year 2007 and the decrease of the number of shares, and after increasing the par value per share from 1.000 LBP to 10.000 LBP.

The Exceptional Ordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L. held on 30/01/2009 decided to:

1-       Approve the investment project in London and authorize the decisions taken by the Board of Directors, and approve the signature and execution of all the contracts required to execute the project.

2-       Ratify the insurance of Rasamny Younis Motor Company S.A.L. towards the engagement of Rymco UK against Nissan International SA according to the agreement that will be signed with this company.

3-       Give the Board of Directors’ members the authorizations required for all the London investment stages according to article /158/ of the commercial law.

Byblos Bank is pleased to advise its shareholders that it has established a Global Depositary Receipt (GDR) program, with each GDR representing 50 common shares.

The purposes of the program include increasing liquidity for the shares and the GDRs taking into consideration that the bank will exercise its best endeavours to list the GDRs on the London Stock Exchange and the Beirut Stock Exchange and promote further transparency for investors. GDRs may represent up to a maximum of 23% of the Bank’s common shares.

All shareholders (other than U.S. persons) may participate in the program on a pro rata basis by exchanging shares for GDRs. Initial exchanges of shares for GDRs may be achieved at any time until 5.00 p.m., Beirut time, on 19 February 2009 without attracting the customary deposit fee of U.S. $0.05 per GDR.

Shareholders wishing to exchange their shares for GDRs should contact either Byblos Bank or their usual bank in order to submit relevant instructions no later than 16 February 2009.

The Board of Directors of the BLC Bank S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 am on Tuesday 17/02/2009 in the bank’s head office in Beirut – facing Palace of Justice to discuss the agenda that includes one topic that is:

                - Elect a new member to the Board of Directors.

The General Assembly of shareholders in Beirut Golden Income took the following decisions:

• Approve the report of the manager concerning the business for the fiscal year 2008.
• Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the fiscal year 2008.
• Distribute to shareholders an amount of LBP /4,182,000,000/ from the profits shown in the Balance Sheet and Income statement for the year 2008.
• Grant the required clearance to the Manager for the fund’s management in the year 2008.
• Renew the nomination of the founder as president of the assembly from the date of this meeting till the date of the approval of the General Assembly on the accounts of the fund for the fiscal year 2009.

The General Assembly of shareholders of Beirut Preferred Fund took the following decisions:

• Take note of the clarifications of the manager and his suggestion to distribute part of the fund’s revenues as an advance on the expected profits during the year 2009 and that in addition to the profits of 2008.
• Approve the report of the manager concerning the business of the fund from 01/07/2008 till 31/12/2008.
• Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the period from 01/07/2008 till 31/12/2008.
• Distribute an amount of USD /1,303,024/ from the profit realized for the second half of 2008 in addition to an amount of USD /325,756/ as a prepayment on the expected profits of 2009 resulting from the certain and constant revenues on the assets of the fund.
• Grant the required clearance to the Manager for the fund’s management for the period from 01/07/2008 till 31/12/2008.

The founder and manager took the following decisions:

1-       Announce the end of the liquidation process of the fund following the end of its period on 26/12/2008.

2-       Take into consideration Midclear’s statement and the auditors’ report- Deloitte & Touch.

3-       Cancel all the fund’s shares and pay the value of these shares and the net revenues of the liquidation for shareholders, including the founder, according to their share in the fund.

4-       Delegate the manager all the authorities to notify each of Central Bank of Lebanon, Midclear S.A.L. and Beirut Stock Exchange with a copy of the present minutes of meeting, and to execute transactions or sign documents concerning the liquidation of the fund, the cancellation of its shares and the distribution of its revenues.

The World Federation of Exchanges has approved, in its Annual General Assembly meeting held in Milano-Italy on the 13^th and 14^th of October 2008, the Beirut Stock Exchange as a new affiliate of the Federation. Knowing that the Beirut Stock Exchange was a correspondent member of the Federation since 1997.

Bank of Beirut S.A.L. invites the shareholders of Beirut Preferred Fund to hold a General Assembly meeting at 12:00 noon on Friday 30 January 2009 in Bank of Beirut bldg S.A.L., seventh floor, Banks St., Riad Al Solh.

The Extraordinary General Assembly of Byblos Bank S.A.L. shareholders’ that was held on 01/12/2008 decided to:

-          Approve the transfer of the assets and rights of the Lebanese branch of Unicredit Banca Di Roma S.P.A. and take all the debts and obligations of the bank on Byblos Bank’s behalf when the final approval decision will be taken by the Central Bank of Lebanon. It was also decided to delegate the Chairman (or someone he nominates) to take all the necessary procedures to execute the agreement signed on 23/10/2008 with the mentioned bank.

The Ordinary General Assembly minutes of Preferred Shares holders issued on 29 August 2008 of Byblos Bank S.A.L. that was held on 10/11/2008 decided to:

1-       Accredit the By-Laws of the assembly of shareholders.

2-       Nominate Saint Joseph University, Edgard Moussa Fakhoury, Souheil Challita Matar, & Emile Rouphael Sfeir as its representatives who possess the authorities specified in the By-Laws of the shareholders.

The Board of directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Exceptional Ordinary General Assembly Meeting to be held in the company’s Head Office in Boulevard Chiyah / Hazmieh- Galerie Semaan region, at 5 p.m. on Friday January 30, 2009 to discuss the following agenda:

1-       Listen to the report of the Board of directors concerning the company’s investments outside Lebanon.

2-       Approve these investments and ratify the business done in this matter including the guarantees given by the company.

3-       Give the authorizations according to the articles 158 & 159 from the commercial law.

4-       Urgent divers matters.

Based on the Extraordinary General Assembly resolutions of Bank of Beirut S.A.L. held on November 13, 2008, related to the redemption of Class “B” preferred shares and to the increase of the Bank’s Capital, and based on the approval of the above resolutions by the Council of the Central Bank of Lebanon, the BSE decided to:

1-       Consider Tuesday 30/12/2008 as the last trading day with Bank of Beirut S.A.L. Preferred Shares (B).

2-       Stop trading with the mentioned shares through the BSE by the end of the trading session of 30/12/2008.

3-       Cancel the mentioned share (Bank of Beirut Preferred B) from the list of listed securities on the BSE starting the mentioned date and continue trading with the other shares of Bank of Beirut.

In synchronization with what is adopted in the banking sector in Lebanon, Tuesday 30/12/2008 will be considered as the last trading day in the BSE during the year 2008, whereas no trading operations will be executed on Wednesday 31/12/2008.

The BSE decided to accept as of December 23, 2008 the listing and trading of 12 issues of Lebanese Republic Eurobonds and that in the official market of the stock exchange.

For more information about the details of these issues, please refer to the Laws & regulations folder- Circulars section.

Following the expiry date of Beirut Lira Fund, the BSE decided to stop trading in the shares of the mentioned fund by the end of the trading session of Monday December 22, 2008.

The common shareholders of Byblos Bank S.A.L. are invited to attend the Extraordinary General Assembly that will be held in the Bank’s Head Office, in Achrafieh, Elias Sarkis Avenue, at 12:00 noon on Monday December 1, 2008, to discuss the following agenda:

1-       Approve the purchase of the assets, equities, liabilities and obligations of the Lebanese branch of Unicredit Banca Di Roma SpA, according to the regulations of Article 10 of Law # 192/1993.

2-       Divers matters.

The first nine months of this year were characterized by BLOM Bank’s strong and sustained growth and unanimous recognition by all international financial institutions as the best bank in Lebanon for 2008.

January-September 2008 compared to the same period in 2007

Profits:

- Net Profits for the first nine months went up by 34% to US198 Million  compared to the same period last year.

-  Annualized Return on Average Equity (ROAE) attained 19% in comparison to 15% in 2007.   

-  Annualized Earnings per share recorded $11.24, up 43% from $7.87 in 2007.

Deposits:

Total Customers Deposits increased to US$15 Billion, up 14% from 30/09/2007.

Total Assets:

Total Assets grew to US$17.8Billion, increasing 12% from 30/09/2007.

Capitalization:

 Shareholders’ equity reached US$1.43 Billion, increasing 8% from 30/09/2007 in spite of BLOM exercising in June 2008 its right to call its Preferred shares class 2002 in the amount of US$75

Million.

Liquidity:

BLOM Bank enjoys High Net Liquidity reaching 78% of deposits.

BLOM Bank Group is present in Lebanon, Syria, UK, Switzerland, Egypt, UAE, Jordan, Romania, Cyprus, Qatar (Under Establishment), Saudi Arabia (Under Establishment).

The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds.

The Beirut Stock Exchange requests all members to settle their annual fee for the year 2008 and any other overdue fees before 31/12/2008.  Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws.  Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine.  Payment should be done by submitting a check to the order of Beirut Stock Exchange either:

1.        At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block A-3 4^th floor – during the official office hours.

2.        Or by calling the BSE administration at phone No. 01-993555, before 15/12/2008 to send one of its representatives to collect the check, against an official receipt.

Bank of Beirut S.A.L. announces to the owners of Preferred shares (Class B) that the Board of Directors decided in its meeting held on 28/10/2008 to repurchase, prior to maturity, all the Preferred shares (Class B), and that according to Article B-3 of Part 4 of the first decision taken by the Extraordinary General Assembly of the shareholders of Bank Beirut S.A.L. held on 12/11/2003.

Bank Audi sal – Audi Saradar Group and EFG-Hermes Holding Company sae jointly announce that, in light of current financial market conditions, they have discontinued their discussions regarding a possible combination of the two institutions.

The parties confirm that they will continue their collaboration on a number of projects and activities which add value to their respective customers and shareholders base.

Bank Audi sal – Audi Saradar Group               EFG- Hermes Holding Co, sae

Beirut                                                                     Cairo

The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Thursday November 13, 2008 at 4 p.m. to study and state the following agenda:

1-       Distribute a prepayment on the profits of the fiscal year 2008 specified to pay the due fixed profits for the owners of Preferred shares (category B) till the premature purchasing date.

The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Thursday November 13, 2008 at 3 p.m. to study and state the following agenda:

1-       Amend the decisions taken by the Extraordinary General Assembly held on 12/11/2003 and that by stating the repurchase and early cancellation of all preferred shares (category B) issued by Bank of Beirut S.A.L., and increase the capital of the bank by transferring amounts from the Free Reserve to the Capital.

2-       Amend some of the articles of the By-Laws according to the repurchase, cancellation and Capital increase mentioned above.

3-       Increase Bank of Beirut’s Capital by issuing new Preferred shares (Category H), of Perpetual type, Non-cumulative returns, and define the rest of the conditions of these shares.

4-       Increase the number of common shares actually listed to be traded in the financial markets.

5-       Amend some articles of the By-Laws of the company according to the Capital increase and to the increase in the number of listed shares to be traded, as mentioned.

6-       Diver matters

Bank Byblos S.A.L. invites the holders of preferred shares issued on 29 August 2008 to attend the meeting of the Constitutional General Assembly that will be held at 12:00 noon on Monday November 10, 2008 at the Bank’s Head Office in Byblos Bank Tower, Achrafieh, Elias Sarkis Avenue, to discuss the following agenda:

1-       Draft the By-Laws of the assembly of holders of preferred shares issued on 29 August 2008.

2-       Nominate a representative or more of the assembly

3-       Divers matters.

Net income for the 1^st nine months of 2008 increased by 30.5% to reach US$ 79.1 million at the end of September 2008 compared to US$ 60.6 million at the end of September 2007. Total assets increased by 14.5% during the 1^st nine months of 2008 to reach US$ 10.86 billion at the end of September 2008 and customer deposits increased by 10.9% to reach US$ 8 billion at the end of September 2008.

Loans to deposits stood at 34% and liquidity with banks (including the Central Bank of Lebanon) represented 57% of customer deposits at the end of September 2008, both ratios indicate the high liquidity of the bank.

Total capital (tier one and tier two capital) increased by 22% during the 1^st nine months of 2008 to reach US$ 1.2 billion at the end of September 2008 and represented 11% of total assets.

The BSE decided to list an additional /520,000/ shares category (B) issued by Rasamny Younis Motor Company S.A.L. in the official market of the BSE. These shares will be added to the previously listed shares category (B) of the company. Thus the total number of listed shares of Rasamny Younis Motor Company in the official market becomes /10,920,000/ shares category (B) what equals to 40% of the company’s shares.

The trading with the additional mentioned shares will start on Thursday 23/10/2008.

The BSE decided to cancel temporarily the threshold for Banque Libanaise pour le Commerce, Ciments Blancs Nominal , Uniceramic Nominal and Uniceramic Bearer shares until new prices, based on actual trading transactions, are defined for the mentioned shares.

The threshold system stipulated in circular 171/2003 will be re-applied once a new price is defined for the shares.

This circular becomes effective starting 23/10/2008.

The BSE decided to accept, as of October 15, 2008, the listing, trading and pricing of all the /2,000,000/ preferred shares class 2008 issued by Byblos Bank S.A.L. in the official market of the stock exchange.

The details of the new listing are as follow:

-          Value of the initial subscription per preferred share: USD /100/.

-          Par value per preferred share: LBP /1,200/.

-          Annual dividend per preferred share: USD /8.00/ yearly (USD 3.35 for the year 2008).

The Beirut Stock Exchange decided, as per article 103 of the by-laws, to transfer Uniceramic Bearer Shares and Uniceramic nominal shares from the Official market to the Junior market of the Stock Exchange. This is due to the fact that both shares were non-operational for more than one year.

This circular becomes effective upon publication.

The Ordinary General Assembly that was held on 03/10/2008 decided to:

1-       Approve the resignation of Dr. Chadi Karam from the Board of Directors and from his position and tasks as vice-chairman – General Manager of the bank.

The Board of Directors of the BLC Bank S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 9:00 am on Friday 03/10/2008.

The BSE decided to accept the listing, trading and pricing of additional /1,287,080/ common shares issued by Bank Audi S.A.L. – Audi Saradar group- and that in the official market of the BSE. These shares will be added to the common shares listed previously in the BSE and amounting to /32,902,309/ common shares, thus the total number of common shares (34,189,389) of the bank is now listed in the mentioned market.

Based on the Extraordinary General Assembly resolution of Rasamny Younis Motor Company S.A.L. that was held on 03/06/2008, concerning the distribution of free shares to the shareholders on the basis of one new share for every 20 old shares.

The company announces that the shareholders that can benefit are those from the 3 categories “A”, “B” & “C” whose names were listed in the shareholders records on 03/06/2008.

The Ordinary General Assembly that was held on July 7^th, 2008 decided to:

Approve all the accounts of the company and the accounts of the Balance Sheet as at 31/12/2007 and the Consolidated Balance Sheet, the Income Statement and the Consolidated Income Statement and Inventory for the mentioned year.

Taking note of the accumulated profits and of the USD /155,897,109/ net income of the year, the ordinary general assembly resolves to transfer 10% of net income to legal reserve, and distribute an amount of USD /155,090,832/of the profits in the form of USD 1.00 per share to shareholders, as per the shareholders’ register at the General Meeting date, with distribution to take effect as of August 29, 2008.

Give the chairman and members of the board of directors the authorizations stipulated in Articles 158 and 159 of the Lebanese Commercial Code.

Clear the chairman and members of the board from any liability for matters relating to the company’s management in 2007.

The Extraordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L. held on 18/07/2008 decided to approve the increase of the Capital according to the conditions stated by the Extraordinary General Assembly held on 03/06/2008, and announces that the company’s capital became LBP /27,300,000,000/ divided into /27,300,000/ shares from the categories (A), (B) & (C) according to the percentages specified in Article (20) of the company’s by-laws.

The Board of directors decided in his meeting that was held on 18/07/08, to elect Dr. Georges Gedeon Achi president of the board of directors and chairman of the company.

The Ordinary General Assembly of shareholders decided to elect Dr. Georges Antoine Gedeon Achi to the Board of Directors, and that for the remaining period of the current Board that will terminate when the Ordinary General Assembly will discuss the accounts of the year 2009.

The Ordinary General Assembly of shareholders of Uniceramic S.A.L. that was held on June 20, 2008 took the following decisions:

1)       Approve the Board of Directors’ reports relating to the activities of the company for the fiscal year 2007.

2)       Approve the auditor’s report, the accounts, balance sheet and Profit and loss account for the fiscal year 2007.

3)       Carry forward the loss of the fiscal year 2007 to the fiscal year 2008.

4)       Give full discharge to the chairman of the Board of Directors and to the members of the Board who have managed the company during the financial year 2007.

5)       Appoint Mr. Farid Elias Gebran as auditor of the company for the financial year 2008.

6)       Renew the authorizations given pursuant to the provisions of article 158 and 159 of the Code of Commerce.

7)       Approve the granting of a subordinated loan to the company by some of its shareholders.

8)       Acknowledge the accrued losses.

The majority wasn’t reached to hold the Extraordinary General Assembly on 03/06/2008; therefore, the Board of directors invites the shareholders for the second time to attend an Extraordinary General Assembly to be held at 10:00 a.m. on Tuesday September 16, 2008 in Le Royal Hotel- Dbayeh to discuss the same agenda including one article:

• Amendment of Article 19 of the company’s By-Laws, relating to the shares given to the Board of directors’ members, in accordance to the Law, to secure their responsibility for managing the Company.

The Board of directors of Byblos Bank S.A.L. invites the shareholders to attend the meeting of the Extraordinary General Assembly that will be held at 12:00 noon on Friday August 29, 2008 at the Bank’s Head Office in Byblos Bank Tower, Achrafieh, Elias Sarkis Avenue, to discuss the following agenda:

• Check the accuracy of the Capital increase of the Bank by issuing preferred shares.
• Check the accuracy of the liberation of the value of all issued preferred shares.
• Approve the amendment of Article 6 & 71 of the By-Laws, according to the Capital increase.
• Divers Matters.

The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 10:00 a.m. on Thursday August 28, 2008 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, to discuss the following agenda:

1-       Check the accuracy of the transactions of the Capital increase decided by the General Assembly held in 08/07/2008

2-       Other matters in connection with the above number 1.

In application of the decision of the Ordinary General Assembly held on 17/06/2008 to distribute the dividends of the business of the year 2007 in exchange for the coupon Nb.3 from the shares issued on 05/01/1998, the company announces that it will start paying dividends; LBP /380/ net per share starting Monday August 18.

On the other hand, the BSE announces that the trading with Ciments Blancs S.A.L. shares will become as follows:

1-       Till the end of the trading session of Monday 11/08/2008 included:

Trading the share with Coupon Nb. 3 means with the dividends related to the share subject to the Ordinary General Assembly decision dated 17/06/2008.

2-       Starting the trading session of Tuesday 12/08/2008:

Trading the share without Coupon Nb. 3 means without the dividends related to the share subject to the Ordinary General Assembly decision dated 17/06/2008.

In implementation of the decision of the Ordinary General Assembly held on 03/06/2008 related to the distribution of the 2007 dividends in exchange of the coupon Nb.2 from the shares issued on 14/05/2007, the company announces that it will start paying dividends; LBP /1,000/ net per share, starting Monday August 18, 2008:

On the other hand, the BSE announces that the trading with Holcim (Lebanon) S.A.L. shares will become as follows:

1-       Till the end of the trading session of Monday 11/08/2008 included:

Trading the share with Coupon Nb. 2 means with the dividends related to the share subject to the Ordinary General Assembly decision dated 03/06/2008.

2-       Starting the trading session of Tuesday 12/08/2008:

Trading the share without Coupon Nb. 2 means without the dividends related to the share subject to the Ordinary General Assembly decision dated 03/06/2008.

The General Assembly of shareholders of Beirut Preferred Fund took the following decisions:

• Approve the report of the manager concerning the business of the fund from 01/01/2008 till 30/06/2008.
• Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the period from 01/01/2008 till 30/06/2008.
• Distribute an amount of USD /1,140,146/ from the profits shown in the Balance Sheet and Income Statement for the period from 01/01/2008 till 30/06/2008 or what equals USD /3.50/ per share. That is in addition to the amount of USD /824,162.68/ distributed previously to the shareholders as a prepayment on the expected profits during 2008.
• Clear the Manager for the fund’s management for the period from 01/01/2008 till 30/06/2008.

The General Assembly of shareholders in Beirut Lira Fund took the following decisions:

Approve the report of the manager concerning the business of the fund from 01/01/2008 till 30/06/2008.

• Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the period from 01/01/2008 till 30/06/2008.
• Distribute to shareholders an amount of LBP /1,292,500,000/ from the profits shown in the Balance Sheet and Income statement for the period from 01/01/2008 till 30/06/2008 or what equals LBP /4,700/ per share.
• Clear the Manager for the fund’s management for the period from 01/01/2008 till 30/06/2008.

The BSE asks the public to take notice that the name of Al Mawarid Financial services S.A.L. has been changed to A.M. Financials S.A.L. – Lebanon and that the moral personality has stayed the same despite this amendment.

The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites all holders of ordinary shares to attend a General Assembly Meeting to be held at 10:30 a.m. on Monday August 11, 2008 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District.

The agenda is as follows:

• Election of  a new Board member
• Other matters in connection with the above number 1.

The General Assembly that was held on Friday July 18^th, 2008 ratified a dividend distribution of LBP 4,700 per share to shareholders as specified by Midclear on the record date of 17/07/2008.

The General Assembly that was held on Friday July 18^th, 2008 ratified a dividend distribution of USD 3.50 per share to shareholders as specified by Midclear on the record date of 17/07/2008.

Bank of Beirut S.A.L. as manager of the Beirut Global Income fund announces that the mentioned fund became in liquidation process following its expiry term on 31/07/2008.

Bank of Beirut S.A.L. invites the shareholders of Beirut Preferred Fund to hold a General Assembly meeting at 12:30 p.m. on Friday 18 July 2008 in Bank of Beirut bldg S.A.L., fourth floor, Riad Al Solh St.

Bank of Beirut (UK) Ltd invites the shareholders of Beirut Lira Fund to hold a General Assembly meeting at 12:00 p.m. on Friday 18 July 2008 in Bank of Beirut bldg S.A.L., fourth floor, Riad Al Solh St.

The shareholders of Byblos Bank S.A.L. are invited to attend the meeting of the Extraordinary General Assembly that will be held at 12:00 noon on Friday July 18, 2008 at the Bank’s Head Office in Achrafieh, Elias Sarkis Avenue, Byblos Bank Tower to discuss the following agenda:

1)       Increase the bank’s capital by issuing preferred shares compliant to the regulations of Law # 308/2001 and indicate the value, conditions, regulations and details of this increase.

2)       Amend article 6 and others of the company’s by-laws according the capital’s increase and issuance of the preferred shares.

3)       Divers matters.

The Ordinary General Assembly of shareholders of Bank Audi S.A.L. - Audi Saradar held on April 23, 2008 approved the Balance Sheet and the Profit and Loss accounts for the year 2007 and declared a dividend distribution of: USD 2.1875 per share for Preferred Shares Class “C”, USD 7.75 per share for Preferred Shares Class “D”, LBP 3,015 per share for Common Shares.

The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Wednesday July 23, 2008 at 3 p.m. to study and state the following agenda:

1-       Amend the decisions taken by the Extraordinary General Assembly held on 24/04/2008 related to the increase in the Bank’s Capital.

2-       Amend some of the articles of the By-Laws as presented previously

3-       Divers Matter

The Ordinary General Assembly of shareholders of Ciments Blancs S.A.L. held on June 17, 2008 approved the Balance Sheet and the Profit and Loss accounts for the year 2007 and declared a dividend distribution of LBP /380/ net per share. Also the Ordinary General assembly reelected Mr. Bou Haroun  to the Board of Directors.

The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites all holders of ordinary shares to attend an Extraordinary General Assembly Meeting to be held at 10:00 a.m. on Tuesday July 08, 2008 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District in order to examine the following agenda:

1-       To approve the increase of the Bank’s capital by up to LL 15,331,239,000 through the issuance of up to 1,393,749, ordinary shares reserved to the owners of stock options who have exercised their options;

2-       To amend the Bank’s By-Laws, in particular articles 6 and 8, and other articles of said By-Laws in connection with item 1 above;

3-       Other matters relating to items 1 and 2 above

The BSE decided to accept the listing, trading and pricing of an additional /14,333,333/ common shares, of LBP /10,400/ par value per share, related to BLOM Bank S.A.L. in the Official market of the stock exchange. Trading is scheduled to start on Friday June 20, 2008.

The Board of directors of Rasamny Younis Motor Company S.A.L. is pleased to announce to the shareholders that the Annual Ordinary General assembly held on 03/06/2008 decided to distribute dividends for the fiscal year 2007 by an amount of LBP /60/ per share. These dividends are subject to distribution tax. The distribution begins on Tuesday 17/06/2008 as follows:

1-       In the company’s head office for shareholders carrying categories “A” & “C”.

2-       Through Midclear S.A.L. for shareholders carrying category “B”.

The Board of directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held in the company’s Head Office in Chiyah / Galerie Semaan, at 5 p.m. on Friday July 18, 2008 to discuss the following agenda:

1-       Check the validity of the Capital increase of the company according to the conditions stated by the Extraordinary General Assembly held on 03/06/2008.

2-       Amend Article 10 of the company’s by-laws.

3-       Divers matters

The Ordinary General Assembly was invited to meet for the first time on June 13, 2008 but the majority wasn’t reached so a second meeting was decided on July 7, 2008.

In consequence Solidere’s board of directors invites the shareholders of both shares’ Classes (A) & (B) to attend an Ordinary General Assembly Meeting that will be held on Monday July 7, 2008 at 9:30 am in Biel, Downtown.

The Ordinary General Assembly of shareholders of Rasamny Younis Motor Co. S.A.L. held on June 03, 2008 approved the Balance Sheet and the Profit and Loss accounts for the year 2007 and declared a dividend distribution of LBP /60/ per share. Also the Ordinary General assembly elected Mr. Fayez Kamil Rasamny as a new member to the Board of Directors.

The Extraordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L. held on 03/06/2008 decided to:

1-       Increase the company’s Capital from LBP /26,000,000,000/ to LBP /27,300,000,000/ and issue new shares from the categories (A), (B) & (C), with a par value per share LBP /1,000/ to be distributed as follows: 1 new share for every 20 old shares of the same category.

2-       Amend Article 10 of the company’s By-Laws.

On 20/05/2008 the Board of Directors of Uniceramic S.A.L. decided to postpone the meeting of the Ordinary General Assembly that was supposed to be held on 27/05/2008 to Friday 20/06/2008 at 10:00 am in the company’s head office in Chebrekieh Tabet.

The Board of Directors of Solidere suggests the distribution of dividends with an average amount of 1 USD per Class (A) or (B) share. The beneficiary will be the shareholder carrying the share as shown below.

In case there will be a quorum in the General Assembly meeting on June 13, 2008 and the dividends’ distribution was approved, dividends will be paid to the shareholder according to the shareholders’ record as at June 13, 2008.

The retroactive date for this record is June 10, meaning that the shareholder that purchases shares by June 9, his name will be mentioned in the shareholders’ record of June 13, 2008 and will benefit from the dividends’ distribution in case it were stated.

In case the quorum wasn’t reached on June 13, a meeting will be held on July 7, 2008 and in case the quorum will be reached in this General Assembly meeting and the dividends’ distribution was approved, the dividends will be paid for the shareholder according to the shareholders’ record of July 7, 2008.

The retroactive date for this record is July 2, meaning that the shareholder that purchases shares by July 1, his name will be mentioned in the shareholders’ record of June 7, 2008 and will benefit from the dividends’ distribution in case it were stated.

Based on the Extraordinary General Assembly resolutions of BLOM Bank S.A.L. held on 08/05/2008 related to the redemption of Class 2002 Preferred shares, and the Capital increase of the Bank, and as per the approval of the Council of the Central Bank of Lebanon on the above resolutions, the BSE decided to:

1-       Consider Tuesday June 03, 2008 as the last trading day with BLOM Bank SAL Preferred shares Class 2002.

2-       Stop the trading with the mentioned shares through the BSE when the trading session of June 03, 2008 will end.

3-       Cancel the mentioned share from the list of listed shares on the BSE as per the mentioned date and continue the trading normally with the rest of BLOM Bank shares.

Based on the Extraordinary General Assembly resolutions of BLOM Bank S.A.L. held on 08/05/2008 related to the redemption of Class 2002 Preferred shares, and to the increase of the Bank’s capital, and based on the approval of the above resolutions by the Council of the Central Bank of Lebanon, the BSE decided to:

1-       Consider Tuesday June 03, 2008 as the last trading day with BLOM Bank SAL Preferred shares Class 2002.

2-       Stop the trading with the mentioned shares through the BSE when the trading session of June 03, 2008 will end.

3-       Cancel the mentioned share from the list of listed shares on the BSE as per the mentioned date and continue the trading normally with the rest of BLOM Bank shares.

Solidere’s board of directors invites the shareholders of both shares’ Classes (A) & (B) to attend an Ordinary General Assembly Meeting that will be held on Friday June 13, 2008 at 9:30 am in Biel Downtown.

The Board of Directors of Ciments Blancs S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 am on Tuesday June 17, 2008 in the premises of Holcim (Liban) S.A.L. in Antelias.

The Ordinary General Assembly of shareholders that was held on May 14, 2008, at the Bank’s Head Office decided to distribute dividends and profits for the year 2007 as follows:
For Common Shareholders:
     ● LBP 157.9 per share (LBP 150 Net of distribution tax 5%)
For Priority Shareholders:
     ● 4% Annual interest rate of the nominal value of the priority shares; 
         LBP 48 per share (LBP 45.6 Net of distribution tax 5%)
     ● LBP 157.9 per share (LBP 150 Net of distribution tax 5%)
For Preferred Shares holders:
     ● USD 12 per share equals LBP 18,168 (LBP 17,259.6 Net of distribution tax 5%)
These amounts will be paid through Midclear starting May 20th, 2008 after deducting the distribution tax 5%.

Byblos Bank’s Agenda for dividend distribution (all categories of shares)

Last Trading Date to receive dividends: May 14, 2008

Ex-Dividend Date: May 15, 2008

Record Date: May 19, 2008

Payment Date: May 20, 2008

N.B.: Same dates apply for interest payment on Priority shares

The Board of Directors of Holcim (Lebanon) S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held in Le Royal Hotel – Dbayeh, at 12 noon on Tuesday June 3, 2008 to discuss the following agenda:

1-       Amendment of Article 19 of the company’s By-Laws, concerning the shares given to the members of the Board of Directors, according to the Law, to secure their responsibility about their management of the company.

The Board of Directors of Holcim (Lebanon) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held in Le Royal Hotel – Dbayeh, at 10:00 a.m. on Tuesday June 3, 2008.

The board of Directors of Bank BEMO S.A.L. invites the shareholders to attend the Annual General Assembly Meeting that will be held in Achrafieh- Elias Sarkis Avenue- BEMO bldg at 10:00 am on Saturday, May 17, 2008.

The holders Preferred shares issued on 30/05/2003 of Byblos Bank S.A.L. are invited to attend the meeting of the Annual Ordinary General Assembly that will be held at the Bank’s Head Office in Achrafieh, Byblos Bank Tower, Elias Sarkis Avenue, at 11:00 a.m. on Wednesday May 14, 2008.

On April 23, 2008, the General Assembly of Bank Audi S.A.L. – Audi Saradar Group convened in the company’s Head Office and approved the accounts of the bank for the year 2007. It also approved dividend distribution as follows:

-          For holders of Preferred shares “C”: USD 2.1875 per share

-          For holders of Preferred shares “D”: USD 7.75 per share

-          For holders of Common Shares       :LBP 3015 per share

After deducting the distribution tax 5% the following amounts will be paid:

-    For holders of Preferred shares “C”: USD 2.078125 per share

-          For holders of Preferred shares “D”: USD 7.3625 per share

-          For holders of Common Shares       : LBP 2,864.25 per share

The dividends will be paid through Midclear starting 06/05/2008 for the shareholders on records as at 05/05/2008 (Record Date).

The Ordinary General Assembly that was held on 19/03/2008 decided to:

● Approve the private and public reports of the board of directors.
● Give the authorizations stipulated in Articles 158 & 159 of the Lebanese Commercial Law and Article 152 of the Cash and Credit Law.
· Approve the following accounts after reviewing the accounts for the year 2007 and the income statement:
- The profits of the bank reached LBP /25,932,454,000/
- Deduct 10% of the net profits to constitute the legal reserve
- Deduct the amount of LBP /3,252,492,000/ specified for the General Banking Risks.
- Deduct LBP /141,991,166/ to cover the Reserve for the value of the Lands taken to recover the Bank’s debts.

· Specify yearly allocations for every member of the Board of Directors.
· Clear the present and previous Chairman and members of the Board of Directors for their business for the financial year 2007.
· Elect the new shareholder Mr. Maurice Sehnaoui member in the current Board of Directors during its mandate that ends when the accounts for the year 2009 will be approved.

The Board of Directors of BLOM Bank S.A.L. announces to the shareholders that the Annual Ordinary General Assembly that was held on 9 April 2008 in the bank’s Head Office decided to distribute revenues and dividends related to the year 2007 as follows:

 ● For the Preferred shares owners:
 - Preferred shares Class 2002: 15 USD
 - Preferred shares Class 2004: 8.50 USD
 - Preferred shares Class 2005: 9.50 USD

These amounts will be paid through Midclear Company starting 17 April 2008 and after deducting the distribution tax that is 5%.

 ● For the owners of common shares and GDRs:
 LBP 5,500 per share, these dividends will be paid after deducting the distribution tax that is 5% to the owners of common shares through Midclear Company starting 18 April 2008 and to the owners of GDRs what equals LBP 5,500 in USD through its issuer Bank of New York Mellon starting 24 April 2008.

 ● The shares that benefit from the distribution:
In order to acquire revenues of 2007 the last trading date is 14 April 2008.

The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend the Extraordinary General Assembly meeting that will be held at 12:00 noon on Thursday 8 May 2008 in the Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg. to discuss the following agenda:

1- Decide in the subject of recovering and cancellation of Preferred shares Class 2002 issued by the bank.
2- Increase the Capital of the bank as soon as the Preferred Shares Class 2002 are recovered and cancelled and take all the necessary procedures related to this subject.
3- Amend Article 6 from the Bank’s by-Laws.
4- New issues that may come up.

The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Thursday, April 24, 2008 at 4 p.m. to study and state the following agenda:

1-       Increase the capital of Bank of Beirut S.A.L.

2-       Amend some of the articles of the By-Laws as presented previously

The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Thursday, April 24, 2008 at 3 p.m.

The Beirut Stock Exchange decided to list an additional /12,088,834/ common shares issued by Byblos Bank S.A.L. on the official market of the Beirut Stock Exchange, these shares will be added to the bank’s shares listed previously as 100% in the official market.

The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites all holders of ordinary shares to attend a General Assembly Meeting to be held at 10:30 a.m. on Wednesday April 23, 2008 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District.

The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend the Extraordinary General Assembly meeting at 12:00 noon on Wednesday 9 April 2008 in the Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg. to discuss the following agenda:

1- List the rest of the common shares of the Bank in the financial markets.
2- Amend the By-Laws according to previous, mainly Articles 6 & 13.
3- New issues that may come up.

The shareholders may be informed 15 days before the date of the assembly on the reports and documents in the Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg during office hours.

The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend the Annual General Assembly meeting at 11:00 a.m. on Wednesday 9 April 2008 in the Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg.

Societe Financiere du Liban stopped as per its request on practicing its activity as a broker in the Beirut Stock Exchange starting Tuesday 25/03/2008.

Bank Audi S.A.L. – Audi Saradar Group announces that it is holding exploratory discussions with EFG-Hermes Holdings sae regarding a possible combination of the two institutions which, if it takes place, may generate significant commercial and financial synergies.

Bank Audi S.A.L. emphasizes that discussions are at a very preliminary stage, that no agreement has been reached, that such agreement would be conditional upon obtaining necessary shareholder and regulatory approvals, including the consent of the Central Bank of Lebanon.

A further announcement will be made in due course.

Following the death of the representative of the holders of Preferred shares assembly class 2002 of BLOM Bank S.A.L. Mr. Hussein Ali Hobballah, God’s Mercy, and following the By-Laws of the holders of Preferred shares, the holders of Preferred shares class 2002 are invited to an Exceptional General Assembly Meeting that will be held at 11:00 am on Friday April 4, 2008 in BLOM Bank S.A.L. head office, Beirut, Verdun, President Rachid Karameh St, BLOM Bank S.A.L. bldg to discuss the following agenda:

1-       Elect a president for the Assembly of Preferred shareholders class 2002

2-       New issues that may come up.

Following the death of the representative of the holders of Preferred shares class 2005 of BLOM Bank S.A.L. Mr. Hussein Ali Hobballah, God’s Mercy, and following the By-Laws of the holders of Preferred shares, the holders of Preferred shares class 2005 are invited to an Exceptional General Assembly Meeting that will be held at 12:00 noon on Friday April 4, 2008 in the BLOM Bank S.A.L. head office, Beirut, Verdun, President Rachid Karameh St, BLOM Bank S.A.L. bldg to discuss the following agenda:

1-       Elect a president for the Assembly of Preferred shareholders class 2005

2-       New issues that may come up.

The Board of Directors of the BLC Bank S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 5:00 pm on Wednesday 19/03/2008.

The General Assembly of shareholders of Beirut Preferred Fund took the following decisions:

· Approve the report of the manager concerning the business of the fund from 01/07/2007 till 31/12/2007.
· Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the period from 01/07/2007 till 31/12/2007.
· Distribute an amount of USD /153,105.32/ from the profits shown in the Balance Sheet and Income Statement for the period from 01/07/2007 till 31/12/2007 or what equals USD /3.00/ per share. That is in addition to the amount of USD /977,268/ distributed previously to the shareholders as a prepayment on the expected profits during 2007.
· Clear the Manager for the fund’s management for the period from 01/07/2007 till 31/12/2007 2007.
· Renew the nomination of the founder as president of the assembly from the date of this meeting till the date of the approval of the General Assembly on the transactions of the fund for the fiscal year 2008.

The BSE decided to allow the use of E-Trading on the BSE via the internet and that exclusively through the authorized brokers at the BSE.

The General Assembly of shareholders in Beirut Global Income took the following decisions:

· Approve the report of the manager concerning the business for the fiscal year 2007
· Approve the Auditors’ reports and the Balance Sheet and Income Statement of the fund for the fiscal year 2007.
· Approve the previous decision taken by the General Assembly that was held on 05/04/2007 concerning the distribution of USD /1,190,000/ for shareholders as a prepayment on the expected profits.
It was also decided to distribute for shareholders an extra amount of USD /850,000/ from the profits shown in the Balance Sheet and Income statement for the year 2007 or what equals USD /2.50/ per share.
· Clear the Manager for the fund’s management for the year 2007.
· Renew the nomination of the founder as president of the assembly from the date of this meeting till the date of the approval of the General Assembly on the transactions of the fund for the fiscal year 2008.

The General Assembly of shareholders in Beirut Lira Fund took the following decisions:

· Approve the report of the manager concerning the business of the fund from 01/07/2007 till 31/12/2007.
· Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the period from 01/07/2007 till 31/12/2007.
· Distribute for shareholders an extra amount of LBP /1,383,250,000/ from the profits shown in the Balance Sheet and Income statement for the period from 01/07/2007 till 31/12/2007 or what equals LBP /5,030/ per share.
· Clear the Manager for the fund’s management for the period from 01/07/2007 till 31/12/2007 2007.
· Renew the nomination of the founder as president of the assembly from the date of this meeting till the date of the approval of the General Assembly on the transactions of the fund for the fiscal year 2008.

The General Assembly of shareholders in Beirut Golden Income took the following decisions:

· Approve the report of the manager concerning the business for the fiscal year 2007.
· Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the fiscal year 2007.
· Distribute for shareholders an extra amount of LBP /4,182,000,000/ from the profits shown in the Balance Sheet and Income statement for the year 2007 or what equals LBP /10,200/ per share.
· Clear the Manager for the fund’s management for the year 2007.
· Renew the nomination of the founder as president of the assembly from the date of this meeting till the date of the approval of the General Assembly on the transactions of the fund for the fiscal year 2008.

The General Body of shareholders of Beirut Preferred Fund held on February 8, 2008 ratified a dividend distribution of USD 3 per share for shareholders on the record date of February 7, 2008.

The Ordinary General Assembly that was held on 31/01/2008 decided to:

• Approve the Reports of the Board of Directors and that of the Auditors.
• Give the authorizations stated in Articles 158 & 159 of the Commercial Law, and in Article 152 of the Cash and Credit Law.

The Ordinary General Assembly of Bank of Beirut that was held exceptionally on January 28, 2007 decided to:

Distribute an advance on the profits of the fiscal year 2007 to pay the due dividends to the owners of preferred shares Class (A) & (B), thus appropriating an amount equal to in USD /3,946,470/ for preferred shares class (A) and  USD /2,415,000/ for preferred shares class (B); the distribution tax must be deducted.

“BLOMINVEST Saudi Arabia” has acquired a CMA License to establish a corporation specialized in investment operations in Saudi Arabia.

The company’s capital is SR100 million.

Mr. Abdullah Bin Abdellatif Al Fozan, Chairman of Al-Fozan Holding, is expected to be the Chairman of BLOMINVEST Saudi Arabia. Mr. Saad Naaman Azhari, currently Chairman and General Manager of BLOM Bank SAL, is to be the Vice Chairman of the BLOMINVEST Saudi Arabia.

BLOMINVEST Saudi Arabia’s head office will be based in Riyadh, and will have the right to open other branches in the Kingdom when needed.

Bank of Beirut (UK) Ltd as president of the General Assembly mentioned above invites the shares’ owners in Beirut Golden Income to hold a meeting of the General Assembly at 12:00 noon on Friday 8 February 2008 in Bank of Beirut bldg S.A.L., fourth floor, Riad Al Solh St.

Bank of Beirut S.A.L. as president of the General Assembly mentioned above invites the shares’ owners in Beirut Preferred Fund to hold a meeting of the General Assembly at 01:30 p.m. on Friday 8 February 2008 in Bank of Beirut bldg S.A.L., fourth floor, Riad Al Solh St.

Bank of Beirut (UK) Ltd as president of the General Assembly mentioned above invites the shares’ owners in Beirut Lira Fund to hold a meeting of the General Assembly at 11:30 a.m. on Friday 8 February 2008 in Bank of Beirut bldg S.A.L., fourth floor, Riad Al Solh St.

The BSE decided to accept the listing, trading and pricing of all of preferred shares Category (D) issued by Bank of Beirut S.A.L. in the official market of the BSE, that means listing of /4,000,000/ Preferred share Category (D). The details of the listing and trading are as follows:
- Type of shares subject of the listing: Preferred share non cumulative perpetual redeemable shares.
- Number: /4,000,000/ Preferred share
- Category: Preferred listed shares Category (D)
- Issuance price per preferred share: USD /25/
- Par value per preferred share: LBP /1,000/
- Annual Dividend per preferred share: 9% of the issuance price with conditioned due date and payment as stated in Annex No.2.

The shareholders of Byblos Bank S.A.L., owners of Common shares (Including owners of Priority shares) are invited to attend the meeting of the Extraordinary General Assembly that will be held at the Bank’s Head Office in Beirut, Achrafieh, Elias Sarkis Avenue, on Thursday, February 07, 2008, at 12:00 noon in order to deliberate and take decisions in the subjects listed in the following agenda:

1)       Verification of the issuance and liberation of the Capital increase.

2)       Final approval on the amendment of Article 6 of the By-Laws according to the Capital increase.

The Board of Directors of the BLC Bank S.A.L. convened on 22/12/2007 invites the shareholders to attend an Ordinary General Assembly Meeting at 11:00 AM on Thursday 31/01/2008 at the Bank’s Head Office in Beirut, facing Palace of Justice.

The shareholders of Byblos Bank S.A.L., owners of Common shares (Including owners of Priority shares) are invited to attend the meeting of the Extraordinary General Assembly that will be held at the Bank’s Head Office in Beirut, Achrafieh, Elias Sarkis Avenue, on Thursday, January 24, 2008, at 1:00 p.m. in order to deliberate and take decisions in the subjects listed in the following agenda:
1- Increase the Capital of Byblos Bank S.A.L. by transferring the resulting amounts from the Subordinated loan dated 20/11/2007, by execution of the decision of the Extraordinary General Assembly dated 09/11/2007.
2- Amend Article 6 from the By-laws according to the Capital Increase.
3- Divers Matters

The Beirut Stock Exchange committee decided to approve, as of December 03, 2007, the listing, trading and pricing of the /4,000,000/ preferred shares (class C) issued by Bank Audi SAL – Audi Saradar Group on the official market of the stock exchange.

The Beirut Stock Exchange decided to approve, as of November 21, 2007, the listing and trading of an additional USD treasury bond issue on the official market of the Stock Exchange.  The new issue maturing in June 2013, for an amount of USD /400/ million and an 8.625% interest rate.

Following the expiry term of Beirut Interbank Fund, which is fixed for a period of five years starting from the date of its final constitution, the Beirut Stock Exchange decided to stop trading in the shares of the mentioned fund by the end of the trading session of Wednesday, October 31, 2007.

The Beirut Stock Exchange decided to approve the listing of an additional /400,000/ class “B” common shares related to Rasamny Younis Motor Co. S A L, on the official market of the Stock Exchange.  Thus the Company’s total number of listed shares on the BSE amounted to /10,400,000/ class “B” Common shares.

Financial Funds Advisors International sal (an authorized broker at the BSE since 1996) has been transformed from a financial institution into a specialized bank, with a capital of LBP /17,000,000,000/.  FFAI will operate under a new denomination: FFA Private Bank sal.

The General Body of shareholders of Beirut Lira Fund held on July 27, 2007 ratified a dividend distribution of LBP 5,100 per share for shareholders on the record date of July 26, 2007.

The Ordinary General Assembly of Solidere sal held on June 22, 2007 approved the balance sheet and the profit and loss accounts for the year 2006 and declared a dividend distribution of USD 1 per share for shareholders on records as per the shareholders’ register at the general meeting date.  The aforementioned dividends will be paid starting September 14, 2007.