1

Asset Management | Investment Banking

Kuwait Financial Centre K.P.S.C. “Markaz”Company Profile

1

Who we are

in a few words...Headquartered in Kuwait, we are an asset management and investment banking institution

Our shares are listed on the Kuwait Stock Exchange - the second largest exchange in the Middle East in terms of market capital

We are a team of 150 employees, spread over offices across the Middle East, the U.S., and India.

2

3

Our Board

of directorsDiraar Yusuf AlghanimCHAIrMAn

Sheikh Humoud Sabah Al-SabahVICE CHAIrMAn

Faisal AbdulAziz Al-JallalDIrECtOr

Ayman Abdulatif Al-ShayaDIrECtOr

Fahad Yaqoub Al-JouanDIrECtOr

Fouzi Ibrahim Al MukaimiDIrECtOr

Adel Mohammad AlghannamDIrECtOr

4

Who we are

OUR TEAM...

Diraar Yusuf Alghanim, Chairman

Manaf Alhajeri,Chief Executive Officer

Manaf joined Markaz in 2004 as General Manager following a long career at the Kuwait Fund for Arab Economic Development (KFAED), where he last served as the Deputy Director of Investments. During his tenure at KFAED, Manaf was an integral member of KFAED’s investment team, engaging in various investment projects from working on structured finance projects with governments of developing countries, to serving as a technical advisor on project financing activities in Asia, Africa, Europe, Latin America and the Middle East. At Markaz, Manaf moved the company into regional expansion, while developing the firm’s range of products and diversifying its revenue streams. Manaf holds a B.S and M.S. in Civil Engineering from Kuwait University and is a Certified Finance Manager (NJ, USA)

Ali Khalil,Chief Operating Officer

Ali joined Markaz in 1997 after reaching a senior position in Markaz’s US operation, Mar-Gulf, where he served since 1988. Since 1997, Ali has had a leading role in the restructuring of Markaz in the late 90s, and has worked on some of the most exciting corporate finance deals in the Middle East. In addition to his role as COO, Ali is also the President of Gulf Pacific America. Ali received his MBA from INSEAD (France), and received both his Bachelor’s and Master’s in Industrial Engineering from University of Texas A&M.

Diraar Y. Alghanim, Chairman of Kuwait Financial Centre K.P.S.C. “Markaz”, has a career spanning 40 years, starting in accountancy and audit to investment, insurance and varied commercial and professional enterprises, locally, regionally and internationally.Mr. Alghanim is a Board member of the Kuwait Chamber of Commerce and Industry since 2001 and presently Chairman of the Finance committee. Furthermore, Mr. Alghanim was the founding Chairman of the Union of Investment Companies from 2004-2009 and founding member of the Kuwait Association of Accountants & Auditors in 1975, also member of the Board of Directors of Kuwait Associa-tion for the Care of Children in Hospital, amongst other local and international NGO’s.

5

Gopal Menon, Executive VP - International InvestmentsGopal joined Markaz in 2000 as Executive Vice President - Investments from taib Bank (Bahrain) where he served as Executive Director and Head of London Office. Gopal previous tenures include senior positions like Merrill Lynch International Bank as a private banker, newcrest Investment and Securities Ltd, London as a Partner and Director, Union Bank of Switzerland as Assistant Director and Head of Middle East Sales, Kuwait Foreign trading and Contracting Co. as Chief Securities Dealer and Portfolio Advisor. Gopal holds a Masters in Economics from Kerala University (India)

Bassam Al-Othman, Executive VP – MENA Real EstateBassam joined Markaz as Senior Vice President - real Estate Development in 2005 after spending 20 years at the Kuwait Fund for Arab Economic Development (KFAED), where he managed and executed government grants and loans for various infrastructure projects in the Middle East, Africa and Asia. Bassam holds a B.S in Electrical Engineering from north Carolina A&t State University (USA) and an MBA from the American University of Beirut (Lebanon).

Amani Al-Omani, Executive VP – MENA EquitiesAmani joined Markaz as Assistant Vice President, Local & GCC Investments. Prior to joining Markaz she served seven years with Bank of Kuwait & the Middle East in the treasury Department as a Foreign Exchange and Money Market dealer. Amani holds a BA in Accounting & Auditing from Kuwait University (Kuwait), and is a graduate of the ACI fellowship - Financial Market Association (Paris)

Mandagolathur Raghu, Senior VP - Research raghu joined Markaz in September 2006 as Senior Vice President - research from Wealth Management Group where he served as Director of Investment Management. Prior to that, he worked for CCFI, Saudi Arabia in investment research and advisory. He has over 20 years of experience with specialization in investment analysis and research. raghu holds a Bachelor of Commerce from Loyola College (Chennai, India). He is an AICWA, and a CFA charter-holder from the CFA Institute (USA) and is President of CFA Kuwait Society. raghu also holds an FrM from Global Association for risk Professionals (USA)

6

Depth Does Matter

we have navigated through every market cycle SINCE ‘74

Markaz fared reasonably well in the current crisis; as a result of sound investment policies, proper corporate governance, and a commitment to transparent reporting.

In this reshaped landscape, we are well positioned to withstand the most challenging of times, and have the liquidity, talent, and ability to emerge as a stronger company that will benefit from the enormous opportunities arising.

7

High sovereign reserves:With financial reserves at historic high levels, regional governments are fully capable of sustaining their spending patterns. We expect governments to continue investing in large infrastructure projects.

Well developed capital markets:the regulatory environment - regional central banks as well as capital market authorities - have proven their effectiveness during the current crisis, and reinforced the credibility of the region.

Favourable demographics:Economic growth will continue to be driven by favourable demographics, strong job creation, and one of highest household formations in the world.

Accelerated pace of diversification for the GCC economies:Although the Oil & Gas sector remains the bloodline of the economy, the region’s economies have been undergoing vast reforms and are experiencing an increasing share of non-oil activities in the regional GDP.

Our region,

our marketWe are proud to be based in the Middle East (Kuwait): Although the Region has not been spared from the global financial crisis adversely impacting its capital markets and its economic growth, the Middle East is expected to become the second fastest growing economy, and the prospects remain strong for the following reasons:

7

8

Who we serve

and howSince 1974, we have attracted and retained a client base of high net-worth individuals, governments, quasi-government institutions, and investment arms of corporations in the Gulf and globally. We continue to serve them through our four main practices: Investment Banking, Asset management, Direct Investments and real Estate.

InVEStMEnt BAnKInGMergers and acquisitions advisory and executionInvestment management and finance advisoryCapital markets

DIrECt InVEStMEntSOil and GasBuyouts

ASSEt MAnAGEMEntMutual fundsAlternative fundsPortfolio management

rEAL EStAtEInternational Middle East and north Africa

9

research may be a new thing for new entrants but is the bedrock behind our performance and is a philosophy that we aggressively embrace. Our research expands even further into the realms of investment strategy and ideas thus positioning us as a thought leader in the region. Our clients can always trust us to provide reliable and objective analysis that helps them make an informed decision or stay in the loop of the latest developments.

9

10

Our vision

and where its taking usWe aspire to be the premiere asset management and investment banking institution in the Middle East and north Africa, with a track-record of consistent performance for our clients, renowned for our intellectual capital, and admired by our peers for our strong commitment to ethics and objective advisory that always has our client’s best interest at heart.

11

Its about the client, not us.We are in the business of meeting client objectives. We will never stop adding value to our clients by providing services of the highest quality and ethics, advising them on proper asset allocation and offering them the products that best meet their needs.

Return-generating innovation.In our business, innovation is about opening new investment channels that otherwise wouldn’t be available. Over the last few years we have consistently brought to the market new investment channels. We were the first to launch a domestic mutual fund, a r.E.I.t. (i.e. a real Estate Investment trust), and an options fund in Kuwait to name a few.

Solutions beyond borders.With assets under management spanning from L.A. to Hong Kong, our commitment to our clients goes beyond geographical borders.

Our reputation is King.At Markaz, our reputation is our biggest asset. We’ve been voluntarily operating under strict guidelines long before corporate governance was the norm. We instill our values of ethical dealings and objective reporting into our teams. And, with a management team that has the least turnover among its peers, our shareholders and clients know that 50 years from today we will continue to conduct our business with the same commitment to our values we have today.

Our principles

the markaz difference

11

12

Our history

our success storyWe were established after the ’73 oil boom with a mission to channel oil wealth into Kuwait’s infrastructure, and investment opportunities across the world. In 1976 we established the first merchant bank in Korea in partnership with Hyundai Engineering and Construction. By 1979 we acquired a majority stake in Bank of Lebanon and Kuwait and started our U.S. real-estate practice out of L.A. In the 90s, we recovered from our losses caused by the 1990 Iraqi invasion and the Kuwait stock market crash of the 1980s and embarked on a restructuring process. In 1997, our restructuring was complete, and in 1999 we forayed into managing funds with the launch of the first money market fund and first mutual fund/savings plan in Kuwait. As of December 31, 2011 our assets under management totaled US$ 3.1 billion, up from zero assets in 1997, and our reach spans the Middle East and North Africa through our network of offices.

AND

WE CONtINUE GROWING

1974-2013

13

From managing mutual funds to portfolios, we serve our clients by first studying their objectives, and then deploying the right mix of opportunities across asset classes and geographical borders, all managed by our team of fund and portfolio managers through our network of offices. In terms of market share, we rank as the leading fund manager in Kuwait and fourth in the GCC.

our asset management teamregions with assets managed by Markaz Markaz offices

What we do

for asset management clients

13

Equities Real Estate Derivatives Private Equity Investment Advisory

Gopal MenonEVP-Int’l Investments

Bassam Al-OthmanEVP-MEnA real Estate

Amani Al Omani EVP-MEnA Equities

14

How we serve

our asset management clientsOur commitment is: to meet our client’s investment objectives, whether short-term wealth management or a long-term trust. We then match it with the right asset allocation, and manage it based on pre-defined guidelines.

Defining your needs and objectives

Identifying your investment opportunities

Due diligence Stock selection

Performance and risk analysis, and reporting

Investment committee review of strategy

our approach

15

We have a track-record of building solid performing funds across asset classes, and with ten Lipper-Reuters awards under our belt in the last three years alone, our team has built a reputation for being the best performing fund manager on a risk-adjusted basis. (Mumtaz Fund: Winner of Six Lipper Fund Awards: 2011, 2010, 2008, 2007, winner of the Kuwait Equity Fund of the Year Award from MEnA FM: 2010 and rated “A” by S&P: 2009-2011. Islamic Fund: Winner of three Lipper Fund Awards: 2011, 2010, 2008. Gulf Fund: Winner of Lipper Fund Award: 2010 and rated “A” by S&P: 2009-2011.)

We believe that the period ahead will offer unusual investment opportunities and are launching a series of investment products that will offer investors the opportunity to benefit from the eventual economic recovery.

Equities Real Estate Debt/Money Markets

Private Equity & Hybrid

Derivatives

Kuwait, MEnA, Global Kuwait, MEnA, US GCC MEnA, Global Kuwait

Mumtaz, Midaf, Islamic, Arabian, Atlas EtFs Program, IPO & Pre-IPO Program, Atlas Emerging Markets thematic Class, MCPP. Portfolio Management

MrEF, MrEOF, ArADI Development, US Industrial realty I, US retail realty III, US Multi-family realty IV, Markaz US Distressed Debt Program

Markaz Fixed Income Program,Markaz Fixed Income Fund

Markaz Energy Fund, Markaz Hamilton Lane Fund, Atlas Diversified Class, Markaz Creative Investment Program

Forsa Fund

Our offering

in asset management

15

16

our investment Banking team

select clients

How we serve

our investment Banking clientsWe work on creating capital for your business while acting as your agent or underwriter. this could encompass equity and debt financing, mergers and acquisitions, dispositions and financial restructuring. Our advisory teams are sector focused, with strong expertise in real estate, oil and gas, and the financial sector. Investment banking institutions remain the only conduit between the capital markets and companies.

Corporate Finance Advisory

Capital Markets

Structured Finance Direct Investments

rasha OthmanVP-Fixed Income

Hussein ZeindinneVP-Structured Finance

Ali KhalilChief Operating Officer

17

We believe that by contributing to the success and well-being of our communities, we contribute to our own success in the long-run.

Our commitment

to our communities

From blood drives to child aid, we work with leading nGOs on being part of the solution.

we proudly support the following organizationsLothan Youth Achievement, Kuwait red Crescent Society, Kuwait Association for Care of Children in Hospitals, Children Cancer Center of Lebanon, Indian Community School, Kuwait Blood Bank, Kuwait University, Arab Federation for Drug Prevention, Gulf Federation for Cancer Awareness, Kuwait Society for Smoking and Cancer Prevention, Kuwait Medical Students Association, Al Amiri Hospital, CFA Society.

17

18

Our commitment

to our shareholders and clientsAt Markaz, we strongly believe in leading by example. that’s why we apply strict corporate governance and risk management guidelines that are beyond and above the regulatory requirements. Our compliance with prudent investment guidelines, and proper monitoring and management of risk enabled us to survive the current storm and to remain a fundamentally sound institution.

ExternalAudit

BOD’s Audit Committee

Board of Directors(BOD)

Shareholders

Joint risk based audit planning, maximize coverage & minimize duplication

Financial disclosure& assurance on

controls

Audit opinion on results & statutory compliance, &

assurance on internal controls

report on internal controls, consult

on improvements

Assurance on internal controls

Interface on risks

Accountablefor Performance

Co-develop risk universefor audit planning

Accountable for risk &Controls Improvements

report on results, Performance, risk & Internal Controls

InternalAudit

Management

Risk Management