Date: 27/11/2016

On Sunday 27/11/2016 the SDC completed registering the share capital increase of (2,000,000) shares of the Holy Land Insurance Company through allocating these shares to a number of shareholders, provided that (1,836,380) shares allocated to Mr. Samer Baha'a Aldean Mohy Aldean AlModaffar are under lock-up in exchange for offering in-kind payments.

Thereby, the SDC records of the Holy Land Insurance Company indicates the raise of its capital from (8,000,000) shares to a registered capital of (10,000,000) shares as a result of the mentioned share capital increase.

The above mentioned procedure is conducted based upon the company's General Assembly's resolution made in its extraordinary meeting held on 22/09/2016 which was granted the approval of the Ministry of Industry, Trade, and Supply on 31/10/2016, and upon the approval of the Jordan Securities Commission on the share capital issued on 23/11/2016.