QE Index Developments Press Briefing March,

QE TOTAL RETURN INDEX LAUNCH APRIL 1 ST, 2012

Description: 3 QE index measures only price performance of component stocks. Qatar Exchange will calculate a total return version of the index that also reflects income received by way of dividend payments on the 20 stocks. The methodology reinvests the dividends in the index on the day a security is quoted ex dividend (day after the AGM). A total return index represents the total return earned in a portfolio that tracks the underlying price index and reinvests dividend income in the overall index, not in the specific stock paying the dividend.

Factsheet 4 QE Index Total Return Full nameQatar Exchange Index Total Return Index TypeTotal Return Divisor Index Index Governance StructureQatar Exchange (QE) Eligible stocks Equity securities listed and available for trading on the Qatar Exchange for more than six months. QE index constituents must have recorded annual share velocity greater than 5% and have individual ‘limit holdings’ of no less than 1% Selection Index consists of the top 20 company ranked by free-float market capitalization and daily average traded value Number of constituents20 Weighting Capped Free-float market capitalization. A 15% cap is applied to an individual constituent’s weight in the index, with the excess weight distributed proportionately among the remaining index constituents ( note that the 15% will take effect at next semi annual rebalance date – April 1st 2012) Review of compositionSemi-annual Effective date of the reviewRebalance is effective first trading day of April and October Calculation frequencyReal time Base dateJanuary 3 rd, 2007 Base level Historic data available sinceJanuary 3 rd, 2007 Derivatives and Linked productsNone ISIN code QA000A1MADH0 Mnemonic code TBD Bloomberg code TBD Reuters code TBD Launch date April1 st 2012

QE Index vs QE Total Return Index 5 INDICATIVE

ALL SHARE INDEX LAUNCH DATE: APRIL 1 ST, 2012

Description: 7 Qatar Exchange will also offer an ‘all share’ index that covers all listed stocks with share velocity greater than 1%. Velocity is the proportion of total shares that have changed hands in one year. The All Share index will act as an overall benchmark for the market, with over double the number of component stocks versus those included in the QE index. The All Share will also act to support underlying sectors indices. Constituent stocks of the All Share index will be allocated to one of 7 industry sector indices. These indices will provide a framework that allows investors to perform real-time sector analysis.

Factsheet 8 QE All Share & Sectors Full nameQatar Exchange All Share Index TypeTotal Return Divisor Index Index Governance StructureQatar Exchange (QE) Eligible stocks Equity securities listed and available for trading on the Qatar Exchange for more than six months, with a annualised share velocity ratio greater than 1% SelectionIndex consists of all eligible stocks. Number of constituentsNot capped WeightingFree-float market capitalization Review of compositionSemi-annual Effective date of the reviewRebalance is effective 1 st trading day of April and October Calculation frequencyReal time Base date 3 rd January 2007 Base level1,000 Historic data available since3 rd January 2007 Derivatives and Linked productsNone ISIN code All Share Index QA000A1MADJ6 All Share Banks & Financial Services IndexQA000A1MADK4 All Share Industrials Index QA000A1MADL2 All Share Transportation Index QA000A1MADM0 All Share Real Estate Index QA000A1MADN8 All Share Insurance Index QA000A1MADP3 All Share Telecoms Index QA000A1MADQ1 All Share Consumer Goods & Services IndexQA000A1MADR9 Mnemonic code TBD Bloomberg code TBD Reuters code TBD Launch date April 1 st 2012

All Share Index & Sectors (min velocity 1%) 9 INDICATIVE

All Share Index & Sectors (min velocity 1%) QE stocks - weighting within respective sector 10 NameSectorWeight in sectorWeight in All ShareFree Float Cap (Riyals) QATAR NATIONAL BANKBanks & Financial Services37.07%19.17%48,314,549,000 MASRAF AL RAYANBanks & Financial Services16.01%8.28%20,862,435,000 QATAR ISLAMIC BANKBanks & Financial Services12.59%6.51%16,409,922,300 COMMERCIAL BANK OF QATAR QSCBanks & Financial Services12.21%6.32%15,918,225,876 DOHA BANK QSCBanks & Financial Services7.66%3.96%9,981,161,379 QATAR INTERNATIONAL ISLAMICBanks & Financial Services4.94%2.56%6,443,768,052 AL KHALIJI BANKBanks & Financial Services4.73%2.45%6,170,898,000 AL AHLI BANKBanks & Financial Services3.19%1.65%4,159,837,668 NATIONAL LEASINGBanks & Financial Services1.16%0.60%1,517,479,600 DLALA HOLDINGBanks & Financial Services0.22%0.11%285,180,000 QATAR & OMAN INVESTMENT COBanks & Financial Services0.15%0.07%189,000,000 ISLAMIC HOLDING GROUPBanks & Financial Services0.07%0.04%88,725, ,341,181,875 QATAR FUEL COConsumer Goods & Services57.45%2.42%6,107,360,000 SALAM INTERNATIONAL INVESTMEConsumer Goods & Services11.79%0.50%1,253,015,089 AL MEERA CONSUMER GOODS COConsumer Goods & Services10.50%0.44%1,116,629,000 ZAD HOLDING COConsumer Goods & Services5.32%0.22%565,429,455 MEDICARE GROUPConsumer Goods & Services5.31%0.22%564,261,061 QATAR MEAT & LIVESTOCK COConsumer Goods & Services5.01%0.21%532,850,500 QATAR CINEMA & FILM DISTRIBConsumer Goods & Services3.84%0.16%408,242,532 QATAR GERMAN CO FOR MEDICALConsumer Goods & Services0.77%0.03%82,078,920 10,629,866,557 INDUSTRIES QATARIndustrials41.30%8.71%21,945,000,000 QATAR ELECTRICITY & WATER COIndustrials20.70%4.36%11,000,480,000 AAMAL COIndustrials14.81%3.12%7,868,592,000 MANNAI CORPORATIONIndustrials6.35%1.34%3,371,385,600 QATAR NATIONAL CEMENT COIndustrials5.88%1.24%3,121,654,704 GULF INTERNATIONAL SERVICESIndustrials4.25%0.90%2,256,341,199 QATAR INDUSTRIAL MANUFACTURIndustrials3.38%0.71%1,796,640,000 AL-KHALIJ HOLDING COIndustrials3.34%0.70%1,772,514,525 53,132,608,028 INDICATIVE

All Share Index & Sectors (min velocity 1%) NameSectorWeight in sectorWeight in All ShareFree Float Cap (Riyals) QATAR INSURANCE COInsurance54.40%1.96%4,951,294,384 QATAR GENERAL INSURANCE & REInsurance24.97%0.90%2,272,901,621 QATAR ISLAMIC INSURANCEInsurance8.62%0.31%784,875,000 AL KHALEEJ TAKAFUL GROUPInsurance6.35%0.23%578,219,796 DOHA INSURANCE COInsurance5.66%0.20%514,775,000 9,102,065,801 BARWA REAL ESTATE COReal Estate72.75%4.62%11,642,302,878 UNITED DEVELOPMENT COReal Estate22.39%1.42%3,583,780,200 MAZAYA QATAR REAL ESTATE DEVReal Estate4.86%0.31%777,876,000 16,003,959,078 QATAR TELECOM (QTEL) Q.S.CTelecoms81.37%4.42%11,147,840,141 VODAFONE QATARTelecoms18.63%1.01%2,553,108,000 13,700,948,141 QATAR GAS TRANSPORT(NAKILAT)Transportation50.64%3.84%9,684,781,000 QATAR NAVIGATIONTransportation41.69%3.16%7,972,924,554 GULF WAREHOUSING COMPANYTransportation7.67%0.58%1,466,464,524 19,124,170, of the 42 listed companies paid or have dividends in To highlight the depth of market and yields available, the All Share’s primary calculation method will be total return. Historical data available back to Existing sectors based upon QE index components to be phased out during 2012 INDICATIVE

All Share Index & Sectors (min velocity 1%) – Total Return All Share & Sector performance Jan 2007 to December Total Return 12 INDICATIVE

METHODOLOGY CHANGES EFFECTIVE APRIL 1 ST, 2012

Description: 14 QE index measures the 20 largest and most liquid stocks in the Qatar market. On the first trading day of April and October the index is rebalanced, determining whether existing constituents continue to fulfill index criteria. All listed companies are ranked by giving free float market capitalization a 50% weight (or consideration) and average daily value traded also 50% weight. Companies with velocity less than 5% are excluded from the review, as are companies whereby a single shareholder can only own less than 1% of outstanding shares. The 20 constituents of the QE index for the following 6 months are determined. A 15% cap is applied to an individual constituent’s weight in the index, with the excess weight distributed proportionately among the remaining index constituents.

Methodology Changes: 15 Add following sentence to Article Index Weight Capping – A 15% cap is applied to an individual constituent’s weight in the index, with the excess weight distributed proportionately among the remaining index constituents. In such cases, the fixing of shares figures takes place only at rebalance dates. Amend Article 6.1 of the Index Methodology to read: The index is reconstituted semi-annually on the first trading day of April and October based on a twelve month observation ending last trading day respectively in February and August. Add following sentences to Article 6.2: Selection of constituents – If any number of constituents were to score equally using the two factors described above, then a third factor of annual velocity would be used to choose the qualifying constituents in the index.

Indicative QE Index rebalance – maximum weight of any component capped at 15% SymbolFree Float CapInitial Weight Free Float Cap QNB capped Capped Weight QNBK45,008,816, %28,382,550, % IQCD20,559,000, %20,776,322, % MARK18,053,310, %18,220,831, % QIBK15,670,210, %15,796,383, % CBQK15,368,668, %15,490,027, % QTEL11,488,292, %11,556,070, % BRES11,409,068, %11,475,913, % QEWS10,377,960, %10,433,261, % QGTS9,623,940, %9,671,492, % DHBK9,389,454, %9,434,716, % QNNS8,431,497, %8,467,990, % KCBK6,181,680, %6,201,290, % QIIK5,906,787, %5,924,691, % QATI5,104,427, %5,117,796, % UDCD2,926,461, %2,930,854, % VFQS2,607,213, %2,610,700, % GISS2,421,900, %2,424,909, % KHCD1,748,233, %1,749,801, % NLCS1,318,915, %1,319,807, % SIIS1,193,842, %1,194,572, % At each review period a components weight is capped at 15%. Any excess weight is distributed proportionately amongst other members. Between review periods weights may fluctuate with price performance. Corporate action ratios are applied to the number of shares established at the review period. 16 Data shown is from Oct 2011 review INDICATIVE

17 Overall effect of 15% cap on QE Index No major impact on the performance of the index Based on a 15% cap applied to scheduled rebalance of 2010 (Sept 30 th ) the capped QE index finishes 2011 at vs QE Index at