Ahli United Bank K.S.C.P. Announces Results of Its Tender Offer for Ahli United Sukuk Limited’S U.S.$200,000,000 Tier 1 Capital Certificates (ISIN: XS1508651665)

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Ahli United Bank K.S.C.P. announces results of its Tender Offer for Ahli United Sukuk Limited’s U.S.$200,000,000 Tier 1 Capital Certificates (ISIN: XS1508651665).

General

15 June 2021 – Ahli United Bank K.S.C.P. (the “Offeror”) today announces the results of its offer to holders of the outstanding U.S.$200,000,000 Tier 1 Capital Certificates (ISIN: XS1508651665) (the “Certificates”) issued by Ahli United Sukuk Limited (the “Issuer”) to tender for purchase for cash by the Offeror any and all of the Certificates (the “Tender Offer”).

The Tender Offer was announced on 7 June 2021 and was made on the terms and subject to the conditions contained in a tender offer memorandum dated 7 June 2021 (the “Tender Offer Memorandum”) prepared by the Offeror.

Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

Results of the Tender Offer

As at the Expiration Deadline of 4.00 p.m. (London time) on 14 June 2021, the Offeror had received valid tenders of approximately U.S.$39,185,000 in aggregate face amount of the Certificates for purchase.

The Offeror announces that (subject to satisfaction or waiver of the New Financing Condition on or prior to the Settlement Date) it will accept for purchase all Certificates validly tendered (subject to satisfaction or waiver of the New Financing Condition on or prior to the Settlement Date) pursuant to the Tender Offer.

Aggregate Face Aggregate Face Amount of Tender Price Amount of Certificates Face Amount Certificates Accepted for Outstanding post (per U.S.$1,000 face amount of Validly Tendered Purchase Settlement Series Certificates)1 Tier 1 Capital U.S.$39,185,000 U.S.$39,185,000 U.S.$160,815,000 U.S.$1,006.00 Certificates (the “Tender (ISIN: Price”) XS1508651665)

Tender Consideration

The amount payable by the Offeror to each Certificateholder who validly tenders Certificates which are accepted for purchase by the Offeror will be an amount in cash (rounded to the nearest U.S.$0.01 with half of U.S.$0.01 rounded upwards) equal to the sum of (a) the product of (i) the aggregate face amount of such

1 In addition to the Tender Price, the Offeror will also pay holders of the Certificates (whose Certificates are accepted for purchase by the Offeror) on the Settlement Date an Accrued Periodic Distribution Amount.

1 Certificates validly tendered and accepted for purchase and (ii) the Tender Price plus (b) the Accrued Periodic Distribution Amount.

Settlement

The Settlement Date for the Tender Offer is expected to be on or around 17 June 2021 in accordance with the provisions of the Tender Offer Memorandum. Following the purchase and cancellation of the tendered Certificates on the Settlement Date, the aggregate face amount of Certificates outstanding will be U.S.$160,815,000.

Citigroup Global Markets Limited, HSBC Bank plc and Standard Chartered Bank are acting as Joint Dealer Managers for the Tender Offer and Citibank, N.A., London Branch is acting as Tender and Information Agent.

JOINT DEALER MANAGERS

Citigroup Global Markets Limited HSBC Bank plc Standard Chartered Bank Citigroup Centre 8 Canada Square 7th Floor Building One, Gate Precinct Canada Square London E14 5HQ Dubai International Financial Centre Canary Wharf United Kingdom P.O. Box 999 London E14 5LB Dubai United Kingdom United Arab Emirates

Tel: +44 20 7986 8969 Tel: +44 20 7992 6237 Tel: +65 6596 8807 (Singapore) +44 20 7885 8888 (London)

Email: Email: LM_EMEA@hsbc.com Email: [email protected] [email protected]

TENDER AND INFORMATION AGENT

Citibank, N.A., London Branch Citigroup Centre Canada Square Canary Wharf London E14 5LB United Kingdom

Tel: +44 20 7508 3867

Email: [email protected]

Offer Website: https://debtxportal.issuerservices.citigroup.com

This announcement is released by Ahli United Bank K.S.C.P. and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (“MAR”), encompassing information relating to the Tender Offer described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Amgad Younes - Senior General Manager – Finance.

2 DISCLAIMER

This announcement must be read in conjunction with the Tender Offer Memorandum. If any Certificateholder is in any doubt as to the action it should take, it is recommended to seek its own financial, legal and Shari’a advice, including in respect of any tax consequences, immediately from its broker, bank manager, solicitor, accountant or other independent financial, tax, legal or Shari’a adviser. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and the Tender Offer Memorandum comes are required by each of the Offeror, the Issuer, the Joint Dealer Managers and the Tender and Information Agent to inform themselves about, and to observe, any such restrictions.

None of the Joint Dealer Managers, the Tender and Information Agent or any of their respective directors, officers, employees, agents, advisers or affiliates assumes any responsibility for (i) the accuracy or completeness of the information concerning the Tender Offer, the Offeror, the Issuer, the Certificates or the New Certificates contained in this announcement or in the Tender Offer Memorandum or for any failure by the Offeror to disclose events that may have occurred or may affect the significance or accuracy of such information; or (ii) any acts or omissions of the Issuer, the Offeror or any other person in connection with this announcement, the Tender Offer Memorandum, the Tender Offer, the Certificates or the New Certificates.

None of the Offeror, the Issuer, the Joint Dealer Managers, the Tender and Information Agent, or any director, officer, employee, agent, adviser or affiliate of any such person, is acting for any Certificateholder, or will be responsible to any Certificateholder for providing any protections which would be afforded to its clients or for providing advice in relation to the Tender Offer, and accordingly none of the Offeror, the Issuer, the Joint Dealer Managers, the Tender and Information Agent, or any director, officer, employee, agent, adviser or affiliate of any such person has made or will make any assessment of the merits and risks of the Tender Offer or of the impact of the Tender Offer on the interests of the Certificateholders either as a class or as individuals, and none of them makes any recommendation as to whether Certificateholders should tender Certificates in the Tender Offer.