Saudi Hollandi Capital is constantly seeking to provide unique financial services to its client as well as exploring the best possible investment opportunities to enhance the returns they aim at through investing in SHC mutual funds. In this regard, we would like to inform you that SHC has made few amendments to its mutual funds which are as follows:

Some amendments were made to the terms and conditions of the GCC Financial Institutions Fund after obtaining the approval from the Capital Market Authority No. 5/7123, dated 19/12/1430H. These amendments are as follows:

• The name of the Fund (GCC Financial Institutions Equity Fund) has been changed into a new name (GCC Equity Fund), and in the light of this change the fund, from now onwards, will be investing in the equities of the GCC companies listed on all GCC financial markets in general.

• The above changes will be valid after 60 (sixty) days from 27 December, 2009.

The fund’s new Terms and Conditions are available at the fund’s relevant link for your kind attention and necessary review.

With reference to the article of liquidation and closure of SHC’s mutual funds’ terms and conditions which allows the fund manager to terminate and liquidate any of its funds, we therefore wish to inform you that SHC Asset Management Department has already obtained the Capital Market Authority’s approval to liquidate and close the below mentioned SHC funds within sixty (60) days from 27 December, 2009.

These funds are:

Letters have already been sent to all investors in those funds. Therefore, we trust that you will provide SHC within 60 days from 27 Dec 2009 with your decision either to credit the entitled amount to your current account or to switch it to any of SHC’s funds. In the event of switching to another fund, you are then required to sign the Terms and Conditions applicable to that fund to enable us to take the necessary action in the light of your decision.

In case we haven’t received any feedback from you within the given period, we will then credit the amount to your current account with the Saudi Hollandi Bank. .

We would like to take this opportunity to inform you that Saudi Hollandi Capital is currently in the process of launching new mutual funds during the current year, these funds will provide a wider range to clients seeking to diversify their investments geographically and over different asset classes.

We would also like to express our great appreciation for your unwavering trust in Saudi Hollandi Capital, and for choosing the company to manage your investments emphasizing our intention to offer the best investment products and services that meet your requirements.