Dear Warka Investors,
We would like to bring to your kind attention that Karbala Hotel has announced that it will be issuing:

208.642% paid up shares at the price of IQD (1) per share for those shares owned prior to holding its general assembly meeting.

Eligible Shareholders are kindly requested to submit their signed authorization letters to purchase the paid up shares by the 12th of March 2013 Warka business hours where any request received after this date and business hours will be considered null and void by our good bank.

Please send your signed requests to our ISX department

Best regards,

Warka ISX Department
Warka Bank for Investment and Finance