TIMELINE TO SUBMIT MCB SALE AUTHORIZATION FORM

BETWEEN WEDNESDAY, AUGUST 26, 2015 TO TUESDAY, SEPTEMBER 1, 2015

In accordance with the resolution passed at the General Meeting of the Holders of the Mandatory Convertible Bonds (MCBs) held on July 6, 2015, Renaissance (the “Company”) is offering to repurchase the second tranche of MCBs (representing 50% of the remaining MCBs) at a repurchase price of RO 0.151 per MCB (‘Repurchase Scheme’). Accordingly, MCB holders who are interested in selling their second tranche of MCBs to the Company should submit their sale authorization form to Gulf Baader Capital Markets (‘Sole Authorized Broker’) from Wednesday, August 26, 2015 to Tuesday, September 1, 2015.

The MCB holders who participate in this Repurchase Scheme will be paid coupon of 3.75% for the period from July 26, 2015 to August 25, 2015. This coupon will be paid out on September 2, 2015. The MCB holders who do not  participate in this Repurchase Scheme will be paid annual coupon on August 6, 2016, as set out in Section VII - Terms and Conditions of the Issue of the MCB Prospectus.

Note: For further details, please contact our Sole Authorized Broker as per details mentioned below: