Central Bank of Libya Circular Letter No. 2013/72

Central Bank of Libya P.O. Box 1103, Telegram Address: Misrifya - Tripoli - Libya Reference: A.M.N / 804

Circular Letter No. ARMN (2013/72) Date: 23 Rabi' al-Awwal 1434 AH ... Corresponding: 04 April 2013 AD ...

To: Authorized Signatories of Commercial Banks To: Chairmen of Temporary Administrative Committees of Commercial Banks To: General Manager - Libyan Foreign Bank

With greetings,,, This Bank has received a letter from the Director of the Cooperation Affairs Department at the Ministry of Foreign Affairs, Reference No. 1692/5/6 dated 13/03/2013, addressed to the Governor of the Central Bank of Libya, stating that the name of the Sudanese Islamic Co-operative Development Bank has been changed to the new name: Nile Bank for Trade and Development, as well as a change to the bank's logo.

In response, please find attached a copy of the aforementioned letter from the Director of the Cooperation Affairs Department at the Ministry of Foreign Affairs. We request your review and the necessary actions regarding this matter.

Peace, mercy, and blessings of God be upon you. Abdulmajid Muhammad Al-Maqouri Deputy Director, Banking and Currency Supervision Department

Copy to // To: The Governor To: The Deputy Governor To: Director of Cooperation Affairs Department - Ministry of Foreign Affairs To: Director of Banking and Currency Supervision Department To: Banking Follow-up and Compliance Monitoring Department

Eng. Muhammad 1/

www.cbl.gov.ly swift code: CBLJLYLX +218 21 444 1488 : Fax +218 21 333 3591 : Phone

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Ministry of Foreign Affairs LIBYA

Reference No.: 1692/5/6 Date: / / Corresponding: 2013/3/13

Subject: Regarding the name change of the Sudanese Islamic Co-operative Development Bank 925

To: Director of the Office of the Governor, Central Bank of Libya

With greetings The Embassy of the Republic of Sudan accredited in Tripoli was referred to us via its memorandum No. S.S.T 1/2 dated 04/03/2013, along with a letter from the Islamic Co-operative Development Bank dated 05/02/2013, stating that the name of the Islamic Co-operative Development Bank has been changed to the new name: Nile Bank for Trade and Development, as well as a change to the bank's logo. (A copy of the bank's letter is attached for your reference.)

Peace be upon you Dr. Ibrahim Ali Al-Basbas Director of Cooperation Affairs Department

Copy to: To: Assistant Undersecretary for Technical Affairs To: Director of Islamic Affairs Department To: Director of Inspection and Follow-up Office Riad Belkhair

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Central Bank of Libya Supervision of Change Announcement Department Director's Office 2013 - 03- 28

Wali / Dr.M. 3402921-22- 3400461-63-64-65-66-67-68-69

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Islamic Co-operative Development Bank ISLAMIC CO-OPERATIVE DEVELOPMENT BANK

General Manager To: The Honorable Undersecretary of the Ministry of Foreign Affairs, Peace, mercy, and blessings of God be upon you.

Subject: Change of Bank Name and Logo The Islamic Co-operative Development Bank hereby announces the change of its name to Nile Bank for Trade and Development under the new brand, effective from 17 February 2013. This step represents a significant event in the bank's journey and enhances its position in the Sudanese banking market, as we rely on our distinctive competitive position in this market, which is considered one of the most competitive banking markets, where we operate amidst competition from over 33 banks, building on our historical Arab heritage dating back to 1983. The new brand of our bank, Nile Bank, resulted from a comprehensive and in-depth study by our bank, which highlighted the necessity of developing an advanced vision for modern banking that keeps pace with the development of the local and international banking markets. This will increase the bank's competitiveness, enabling it to provide modern, contemporary banking services while reaffirming its leading position in the Sudanese banking market.

Nile Bank The new identity of the bank (Nile Bank) in both Arabic and English represents an important addition to the bank's history. We have used the Nile Bank logo in three different color variations, along with a font featuring rounded edges for some elements to give it a modern, youthful character that is closer to the customer. The use of the Arabic script makes the name clear and visible, while the circle represents the bank's continuous, unceasing work towards a better vision. The English letter (N) represents the first letter of the word "Nile" (the English name for the river), and also symbolizes the flow of the Nile and its tributaries merging into the base circle. Additionally, the Nile color was chosen for it, and the crescent/moon at the end of the logo reflects the bank's Islamic background and confirms its commitment to Islamic Sharia. Furthermore, the moon has been a source of inspiration for brilliance and captivating beauty among all peoples of the world throughout the ages.

Development Tower - Sudan - Khartoum - P.O. Box 67 Phone: 244837777784 - Fax: 244837715719 - Telefax: 216-3 Security Secretary. Dr.Y. E-mail: info@iscob.com - www.iscob.com S.W.F.T iscdskh

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The objectives of the bank's new brand are to enhance the bank's corporate image as a leading bank in the field of development and foreign trade, as well as corporate and retail banking services. This radical transformation will simplify and unify the services we provide, achieving greater communication with our stakeholders and clients. With the launch of our new brand, Nile Bank, we confirm that this will distinguish our bank from its competitors and help further expand communication channels through the high professionalism with which we deal with our clients, relying on our great historical heritage derived from the name Islamic Co-operative Development Bank. This will enable us to strengthen our competitive position and provide added value through our new and innovative banking services, thereby reflecting positively on strengthening customer loyalty and trust as a symbol of quality and reliability. Our long experience in the Sudanese banking market, nearing 30 years, will greatly contribute to strengthening and enhancing our position in the banking market by offering a wide range of distinguished banking services and solutions. Through this transformation, we aim for our brand (Nile Bank) to become one of the most distinguished and successful banking brands. In light of the above, we kindly request that you update the bank's name in your records to the new name. Please note that all agreements and contracts binding the Islamic Co-operative Development Bank will remain binding on Nile Bank for Trade and Development (carrying the force of law and continuity). We also note that phone numbers, fax numbers, P.O. Box, and SWIFT code will remain unchanged without modification.

Together to achieve a better future for our country's economy.... And God is the best supporter of success. Abdul Khaliq Al-Samani Abdul Razzaq General Manager

Attached: - Copy of the name change certificate

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Ministry of Justice Commercial Registrations Department

Name Change Certificate Certificate No. 3 Certificate No. / Sh: 16379

I hereby certify that the company Islamic Co-operative Development Bank, which was established on the 24th day of March 1431 AH, pursuant to a special resolution of the aforementioned company and with the required approval under Article 8 of the Companies Law of 1976.

Has changed its name to: Nile Bank for Trade and Development Company And the new name has been registered in the record.

Issued under signature in Khartoum on the 14th day of March, year 1432 AH

Iqbal Othman Idris Acting Companies Registrar

Any erasure or alteration invalidates this certificate.

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Directed to the following entities: 1- The company must stamp it with its seal in the legal registers, which are: a. Register of company members Article (1)77 b. Register of company board of directors members Article (1)80 c. Minutes of company and board meetings Article (1)76 d. Register of mortgages Article (1)116 e. Account books Article (1) 23

2- The company must also ensure completing its arrangements with the Companies Registrar in the general initial filings required under the provisions of the Companies Law of 1976, including: a. Announcement of company headquarters (Form No. Sh(5)) and any changes thereto (Form No. Sh(6) - Article (70)) b. Changes in company board of directors members and any changes thereto (Form No. Sh(6) Article (80)) c. Disclosure of company name allocation (Form No. Sh(13) within one month from the allocation date Article (1) 97 d. Announcement of increase in company's authorized capital (Form No. Sh(4)) e. Copy of any special or extraordinary resolution issued by the company, within thirty days from the date of approval of the special resolution or from the date of issuance of the extraordinary resolution Article (1)75 f. Annual report on company operations (Form No. Sh(78) within 21 days after the day the first general meeting is held or the year the ordinary annual general meeting is held in the year. The company must convene a general meeting at least once each year, and the convening of this meeting must not be delayed for more than fifteen months after the last annual general meeting Article (78) g. Statement of details of mortgages or privileges, Form No. Sh(7) - Article 102 h. Announcement regarding realization of mortgage or privilege, Form No. Sh(72) - Article 144 i. Announcement of appointment of a liquidator for the company, Form No. Sh(23) Article (1) 94 j. Report of the final liquidation meeting of the company, Form No. Sh(24) within one week after the meeting Article (78) (2)

Violations:

• If the company fails to submit the required forms or documents to be deposited with the registrar, it shall be subject to penalties determined by the court.
• If the data contains false information with the knowledge of the signatory of the statement, they shall be subject to penalties determined by the court.