The Extraordinary General Meeting and Ordinary General Meeting of Sharqiyah Desalination Company SAOG (“the Company”) were held on Tuesday, 16^th December 2014 at 3.00 pm at the Capital Market Authority Hall, Ruwi, Sultanate of Oman.

For your reference, we now provide a summary of the events and decisions taken at the meeting:

1. The Renewal of the authorised capital of the company up to RO 10,500,000 (Omani Rials Ten Million and Five Hundred Thousand) was approved.

1. The distribution of bonus shares to the shareholders equivalent to 50% of the capital of the Company at the equivalent of (1) one bonus share for every (2) two shares held by a shareholder increasing the share capital from 6,520,144 (Six Million Five Hundred and Twenty Thousand and One Hundred and Forty Four) shares to 9,780,216 (Nine Million Seven Hundred and Eighty Thousand Two Hundred and Sixteen) shares, was approved.

1. The Board of Directors of the Company was authorised to take the required procedures to implement the above.