The Newsletter

ISTISHARAT group internal bulletin Nb 213 4th quarter 2015 BML ISTISHARAT SAL INFOEL S.A PARIS INFOEL FINANCIAL SYSTEMS INC LOS ANGELES INFOEL (MALTA) LTD VALLETTA BML (IRAQ) LTD ERBIL

TM

m

e

t

s y

S ICBS - Loans

d

e

i

f i

t for

r e

Quality of BEIRUT – Beirut so 9001 * SAIGLOBAL * * CERT-0034008 ICBS – Capital Markets for and GULF BANK– Beirut *

Partner Network * * CERTIFIED PARTNER INVEST BANK– Sharjah

live with

ICBS * * *

2015 New contracts: 4 for ICBS 1 for CIRIS/LIRIS 3 for IMAD

Yesterday...... 3 New Cont racts...... 2 X Deployments...... 2 Customer Training...... 4 E

D 2015 Briefs...... 2 Insights...... 4 N

I Press Appearances...... 3 People...... 4 New Contracts

Unit Client Product/Service Platform

Banks Bank of Beirut – Beirut ICBS-Loans Unix/Oracle

Banks - ICBS-Capital Markets Oracle/Windows Beirut

Bank of Beirut is a tier 1 bank based in Lebanon with a network of 60 branches and also active in , the , , and with 23 branches. ICBS-Loans is to be interfaced with the Bank back office Misys - Equation.

Lebanon and Gulf Bank (LGB) is also a tier 1 bank active in Lebanon and Cyprus. ICBS-Capital Markets will be interfaced with Misys - Equation. Deployments

In Sharjah: Invest Bank went live with ICBS, all modules. ICBS replaced Oracle FSS (Flexcube).

In Lebanon: Credit Bank, an ICBS user since 18 years, went live with the latest upgrade of the ICBS-Money Market module. 2015 Briefs New contracts:

ICBS: - Banque de Développement de Guinée - Conakry - Eskan Bank - Manama - Bank of Beirut - Beirut - Lebanon and Gulf Bank - Beirut

CIRIS/LIRIS: - Al Maseer Insurance Company - Baghdad

IMAD: - Bicycles - Beirut - Erbil Bank - Erbil - Emirates Lebanon Bank - Beirut

Export represented as percentage of total billings: - 80% for ICBS - 83% for CIRIS/LIRIS - 40% for IMAD - 78% for all products

- 2 - Press Appearances

The Bank of Beirut and the Lebanon and Gulf Bank deals have been reported by I B S P u b l i s h i n g ( U K ) (www.ibsintelligence.com).

Yesterday...

30 years ago: United Bank of Lebanon and Pakistan - Beirut

Newsletter Q4 1985 United Bank of Lebanon and Pakistan - Beirut selected ICBS to support its operations.

20 years ago: General Insurance Company (GIC) - Cyprus

Newsletter Q4 1995 The General Insurance Company - Cyprus selected CIRIS to support its operations.

10 years ago: IMPEX - Beirut Grain Dealers Mutual - Indianapolis

Newsletter Q4 2005 -IMPEX - Beirut, the Lebanon dealer for Cadillac, Chevrolet, Hummer and Isuzu brands selected IMAD-Auto to support its operations. IMPEX is still an IMAD user. Today IMAD-Auto is deployed at 5 auto dealers in Lebanon and Iraq. -Grain Dealers Mutual (GDM), an insurance company based in Indianapolis (IN), a CIRIS user since 1998 added a CIRIS subscription/POS module to its core application. GDM, now absorbed by The Main Street America Group is still a CIRIS user.

- 3 -

6 1

. r o e m n o k

c a

e .

t c h

i 1 d a f C 4 e Customer Training r f m t 0 a d o i O 3

a c h , . 4 m s h t 1 i i 0 i t a e 7 J L

s r

g . 0 i ) a r a 5 A team from Eskan Bank - Manama has attended a training in Manama on

l q h @ l 7 M q i a s t

4 i : a s r t V t 6

i ICBS Nucleus, Central modules, Branch modules, Payables and Suppliers r

I s c : 9 I ( i

l n - . a i l t a + L i Management, Checks Management, Credit Facilities, Loans Management,

a w i : l n b l w M a r o m e

t General Batch Processing, Placements and Borrowings from 27/10/2015 to B I E C T E w 19/01/2016. Messrs. Elie Bitar, Assistant Director, and Jihad Chaker, Assistant

A Manager, from the Banking Unit, administered the training sessions. R A K

R

a A team from Lebanon & Gulf Bank - Beirut has attended a training on the I r a K ICBS modules Nucleus, Capital Markets (Shares, Bonds, Options, Futures), k R r i I

k Foreign Exchange and Money Market from 16/11/2015 to 23/12/2015. The

B r

h , i l m

e

B training was administered by Hady Haddad, Certified Project Leader in the e o d ,

m c h l e .

t x

e t t e

Banking Unit. i i d e A

a

r h l e r 6 m x e m t p d

i a 2 i i M i o e

l r a l 9 , c h m L t . a t m

9 s p l

t o i i M ) e 0 a

t a a W , a C m e

L t 1 s r

t . t l r i o M 9 r ) l a e t

a , 9 M a a C e h

@ S

M 0 t

r s t

M L 6 l t i

: 0

M y s , , 5 t M t a i ( 0 r

S

0 s 1 3 c :

L 3 l i e l 0

l . a M y i , e + t ( 0 e r w

a

w R 1 o : 3 l n e v e l f

l w r K e o m e e e n w R o I L w B B C T E v e f r K e . n . I L B B . c

t Insight ) e a

S ,

i ) s

n

F S

e I

e

A

F ( n

. New recruits:

S

I A m

o

c

( .

e

S U

d

n

c ,

Y Maroun Atmeh, Master in Business Computer from the I n

U

5

n ,

I

,

, m

I

2 k

, s

n

5 o

i

, 0

m Lebanese University, joined our company on 01/12/2015.

a

u

2

c

k s i

a

0

m

.

o

o 0 s

r

u

9

e

c

c

a

0

m .

y

t ) h

o Maroun joined our Banking Unit as Senior Analyst

n

9

e

c s

a

i

a

D

a

.

A

l

t

)

-

y

n

l s

a

i d

B

D

m

C .

Programmer (See photo). A

5

m

-

S

e

y

( v

,

i

l

o

d

5

l

o , m

M

l C

a

5

m

S

c e

d

f

(

5 v

i

.

i

o

,

a

S

B

5

l

o ,

l

a

4 i

n

c c b

o

d

f

5

i

.

e

E

a

c

0

S B c

a

n

a

N

4 i

n

c

r

i 1

r

i

n

.

L c

i

e

E

c

@

0

-

n r

N Maroun Atmeh

2

l

r

a

o

i h

A 1

o

E

n

.

L

i 0

@

- e

r

f

s

r

n 2

i

l

M

a

l

h

1

o

G

E

i o

o

n

i

:

0

e f

d

f

s

i

3

n

t

M

l

F

:

1

G

N

i

o n

u

i

n M

:

l

c

W

1

f i

3

i

l

i

t

a

,

F

:

.

A

a

N

1

n

l

e

a

c

W

1

t

i

l i

n +

S

w

0

.

A

S

o

a :

1 n e

e a

,

l

t

m f

6

+

w

w

0

-

o

O

S

o : a

e Mihran Aynedjian, Master in Business Computer from USJ

1

n

n l i

m

m f

6

w

E w

T

C

L

1

I

-

o O

r e

e

1 n

y

w

E

T

C

L

1 I Y (Saint Joseph University), joined our company on 01/12/2015

S ,

, n s i

i as Certified Project Leader in the Banking Unit (See photo). k e s g i e a i m é e r g r z s i o m é I h a

z y c s o , . l a a Y r y c

a . l E B a Y

s e

a t E , - s

s e d r l a - s p a e d l u

Q Mihran Aynedjian t p ) o

e a u m , f a l e ) o a a m 8 f l n c E e C Q i

a h

2 8 n c n , C A i

8 m h n t 2 C a n @ i

5 U a o 8 m n r C a

a s @ a

9 c , e 5 a o r F s . e t a s ( 8 J 9 c e - w F

a

s . l e d p 2 . ( 8 J -

u s

a

r S e l y d 4 2 - . e

I s l o r S e K g 4 ) -

e f u M

I e l , o R

1 ) E f : u n M n A o ( e

R

i 1

E , A f : e

t n . n A o ( S

: 3 i

o A

f P n c v

e

t

S l i A 3 l c : 3

. P . n a

c v

i 8 A e l i c : 3 t l

.

a

a w i , 0 U 8 A o e

o : t

n

l f a 2 0 , w , 0 r o

w o m n e l 2 5 f a 2 n 0 o w i o m e I 1 7 C T E w 2 5

n People s M I 1 7 C T E w s

, u

a . R

y ) n r

. , t ) n r b n u i t e S n u Deceased: o o

c L S r o o n

h n , r a l n a m h

a Mr. Adib Abi Aad, father of Fadi Abi Aad, Consultant in the a l o a A m o b r M o

o c b e S S M F .

c

e e S t Banking Unit, on 13/10/2015. . , L l

U d e L t ( a

, L l a

d a A L ( r a

i A a c

4 8 a K m r a S A i s c 4 8 1 0 0 S R m o a

h s

U a 0 0 1 1 S 2 R o c t

U -

s h

a . 1 2 2

1 3 : P i c t - g a s t

- : . t 1 3 P 3 i 8 . s g a r t

a - d 1 s t s s 8 . 8 9 l i r r r a a d

1 s 1 r s r 9 9 l i ) r a a

o 1 B 0 h r )

) @ o 1 a t B M 0 s h h 2 ( t t

@

1 1 i k

s M s h 2 : s ( t ( u t

i i k

i

a 1 s T u : s t

t s t i

i a z 1 1 : 6 b T s t

t c I s b U i z z i : 6

6 9 l s c I . i

a

i U z i

a r 9 9 l : t R . L a

r

i a w a t I : :

t R L n R t

a l w

I s

w n R M E . o m s l x e

i ©The mentioned trademarks are property of their respective owners.

w M E . i o m e a B A B C T E w D B A B C T F E w D - 4 -