BCI-CL Final

Banque Marocaine pour le Commerce et l'Industrie SA (Casablanca:BCI)

ISIN Code Close (MAD) (14-May-2010) SEDOL Banque Marocaine pour le Commerce et l'Industrie SA MA0000010811 1,028.00 6077343

Address: 26, Place des Nations Unies BMCI SA (Banque Marocaine pour le Commerce et l'Industrie SA) is a Morocco-based bank. Upcoming Events Casablanca, Morocco The Bank's principal shareholder is BNP Paribas group, which holds a 66.74% stake. BMCI Tel: +212 (22) 461000 SA offers its banking services, such as loans, leasing services, trade finance operations and 10/27/10 / NTS Q2 2010 BQE MAROC COMMERCE ET INDUSTRIE Fax: +212 (22) 299406 asset management, among others, to individuals, professionals, small, medium and large- Earnings Release Website: http://www.bmci.ma sized companies, institutions and financial bodies. The Bank operates through several IR tel: +212 0522 46 10 00 subsidiaries, including BMCI Bourse, BMCI Finance, BMCI Gestion, BMCI Banque Offshore, IR contact: Abdellah Benchama BMCI Leasing, BMCI Assurance and BMCI Credit Conso. Relative % Change IR Email: [email protected] 5 days 1 Month 3 Months YTD 1 Year BCI 2.59 5.11 18.16 11.14 25.37

Officers & Directors Overview BCI Vs Index 1.57 -1.18 6.65 -5.6 13.18 Name Current Position Director Since Officer Since (Casablanca Stock Exchange) Chairman of the Supervisory Mourad Cherif -- -- Board M & A Overview/Detail (last 5 years) Chairman of the Total number of completed transactions 3 Jacques Ardant -- -- Management Board Total deal value of completed transactions USD 0 Mustapha Faris Honorary Chairman -- -- Number of incomplete transactions 0 % completed vs announced (value) N/A (USD 0) Typical deal strategy Friendly Mohamed Benkirane Honorary Chairman -- -- Historical Price data Rachid Marrakchi Managing Director -- -- 1050 Vice Chairman of the Michel Pebereau 2009 2009 Supervisory Board 1000 Alain Dallard Secretary General -- -- 950 Member of the Management Thami Biaz -- -- Board 900 Dividend Overview/Detail

Announcement Date Ex. Date Pay Date Payment Type Record Date 850

Cash with Stock 30 23-Apr-2009 8-Jun-2009 15-Jul-2009 8-Jun-2009 20 Alternative 10 0 Feb-09 Feb-23 Mar-09 Mar-23 Apr-06 Apr-20 May-13

Capital Change Overview/Detail Financial Reports Announcement Date Ex. Date Effective Date Event Type Fiscal Period: 2009 2008 2007 23-Apr-2009 8-Jun-2009 15-Jul-2009 Stock Dividend Period End Date: 31-Dec-2009 31-Dec-2008 31-Dec-2007 Geographic Segment as of 31-Dec-2007 Source: ARS ARS ARS 31-Dec-2007 Income Statement - Annual - Standardised in Millions of MAD MAD Net Interest Income 2,123.61 2,040.56 1,914.07 Morocco 3,065 Net Interest Inc. After Loan Loss Prov. 1,781.23 1,877.84 1,774.09 100% Net Income Before Taxes 1,241.90 1,311.77 1,257.56

Morocco com Net Income After Taxes 772.50 810.22 784.29 Net Income 747.27 780.60 763.27 Balance Sheet (Differentiates) - Annual - Standardised in Millions of MAD Total Assets 64,875.34 63,726.53 63,726.53 Business Segment as of 31-Dec-2008 Total Long Term Debt 0.00 0.00 0.00 31-Dec-2008 Total Debt 6,337.75 7,022.61 7,022.61 2% 2% MAD 8% Total Liabilities 57,790.68 57,205.71 57,205.71 Retail Banking 2,232Retail Banking Total Equity 7,084.66 6,520.83 6,520.83 88% Specialised Financing 196 Total Liabilities & Shareholders' Equity 64,875.34 63,726.53 63,726.53 Offshore Banking 40 Key Ratios Management Banking 40 Return on Equity % 10.55 BVPS (MAD) 618.99 Top Shareholders Return on Total Assets % 1.16 Quick Ratio - % of Filing % of % of Operating Margin % - Total Assets/Equity 9.16 Name Shares O/S Date Change Port. Beta (Unleveraged) 0.66 Total Liab/Equity 8.15 BNP Paribas 8,566,746 66.74 17-Jul-2009 0.80 16.48 Earnings Yld % - Credit Rating - Groupe Holmarcom 1,218,136 9.49 17-Jul-2009 12.31 22.23 Price to Book 1.66 AXA SA 1,112,881 8.67 17-Jul-2009 0.00 1.45 Financial Summary Norges Bank 28,191 0.22 31-Dec-2008 100.00 0.00 For the fiscal year ended 31 December 2009, BMCI SA's total interest income decreased 11% to Groupe BMCI Employees 12,836 0.10 17-Jul-2009 100.00 100.00 MAD3.26B. Net interest income after loan loss provision decreased 5% to MAD1.78B. Net income Parametric Portfolio Associates LLC 9,395 0.07 28-Feb-2010 0.00 0.00 for the period decreased 4% to MAD747.3M. State Street Global Advisors (US) 5,647 0.04 31-Jan-2010 -4.14 0.00 Comparable Analysis (Market Data & Price Multiples) Julius Baer International Ltd. 4,037 0.03 31-Dec-2009 22.33 0.16 Scale:1,000,000 Currency: MAD Last Period Shares Market Cap - Total Wilmington Trust Investment Managemen 320 0.00 31-Jul-2009 0.00 0.00 Ticker Price End Date Outstanding Consolidated Return 1 Yr Top Shareholders Total: 10,958,189 BCI-CL 1,028.00 31-Dec-2008 11 11,765.99 12.02% Ownership Breakdown COMPART.O-MX 46.08 31-Mar-2010 427.8 19,715.67 173.76% Investor Type Investors % Shares Outstanding BHIP.1-BA 3.20 31-Dec-2009 691 4,796.46 177.36% Investment Managers 5 0.37 1020-SA 35.96 30-Sep-2009 300 10,789.46 -68.35% Brokerage Firms 0 0.00 8395-TO 22.55 31-Dec-2009 173 3,909.38 -16.87% Strategic Entities 4 85.00 8399-TO 92.75 31-Dec-2009 39 3,645.72 -7.43% Holding Companies 1 8.67 BCGE-EB 1,740.71 31-Dec-2009 1 2,574.49 7.05% Corporations 3 76.33 CFFN-O 276.61 31-Mar-2010 74 20,466.82 4.36% Individuals 0 0.00 8541-TO 21.02 31-Dec-2009 178 3,738.58 -13.78% Government Agency 0 0.00 8536-TO 13.39 31-Dec-2009 185 2,473.67 -21.57% UCBI-O 45.48 31-Mar-2010 94 4,285.41 7.65%