Casablanca, July 09th 2012 NOTICE N°121/12 RELATING TO THE UPDATING OF THE QUOTATION MODES OF LISTED SECURITIES (French version only available) Considering Dahir that outlines Act n°1-93-211 of September 21st 1993, as regards the Stock Exchange; amended and supplemented by Acts n°34-96, 29-00, 52-01 and 45-06 and in particular article 7a; Considering provisions of the Stock Exchange General Rules, approved by Ministerial Order n°1268-08 of July 07th 2008, issued by the Ministry of Economy and Finance, modified and supplemented by Ministerial Order n°1156-10 of April 07th 2010, and in particular articles 3.1.6 and 3.3.1; Considering provisions of notice n°167/08 relating to the modalities of calculation of the liquidity of the values; The following has been decided: ARTICLE 1 Further to the alteration of the updating of the securities quoted, on the basis of the statistics from January 02nd to June 29th 2012, the allocation of securities by quotation method is as follows: LISTED SECURITIES (CONTINU) AFRIC INDUSTRIES SA HPS AFRIQUIA GAZ IB MAROC.COM ALLIANCES INVOLYS ALUMINIUM DU MAROC ITISSALAT AL-MAGHRIB ATLANTA JET ALU MAROC SA ATTIJARIWAFA BANK LABEL VIE AUTO HALL LAFARGE CIMENTS BCP LESIEUR CRISTAL BMCE BANK LYDEC BMCI M2M Group CARTIER SAADA MAGHREB OXYGENE CDM MANAGEM CENTRALE LAITIERE MED PAPER CGI MEDIACO MAROC CIH MICRODATA CIMENTS DU MAROC MINIERE TOUISSIT CNIA SAADA NEXANS MAROC COLORADO PROMOPHARM S.A. COSUMAR REALIS. MECANIQUES CTM RISMA DARI COUSPATE S.M MONETIQUE DELATTRE LEVIVIER MAROC SALAFIN DELTA HOLDING S.A SAMIR DIAC SALAF SMI DISWAY SNEP DOUJA PROM ADDOHA SONASID ENNAKL STOKVIS NORD AFRIQUE EQDOM STROC INDUSTRIE FENIE BROSSETTE TASLIF HOLCIM (Maroc) WAFA ASSURANCE LISTED SECURITIES BY SEVERAL FIXINGS PER DAY AGMA LAHLOU-TAZI OULMES AUTO NEJMA REBAB COMPANY AXA CREDIT SCE BALIMA SOFAC BRANOMA SOTHEMA BRASSERIES DU MAROC TIMAR FERTIMA UNIMER MAGHREBAIL ZELLIDJA S.A MAROC LEASING ARTICLE 2 The current notice repeals and replaces notice n°08/12. ARTICLE 3 The current notice will come into effect as from, July 16th 2012. Markets Operations Division .