Audited Consolidated Financial ... - Beirut Stock … of Beirut English.pdf · Bank of Beirut S.A.L...

Unaudited Consolidated Financial Results June 30, 2018:

Bank of Beirut S.A.L publishes its Unaudited Consolidated Financial Results for the period ended June 30,2018. Report can be accessed by using the following URL:

http://www.bse.com.lb/Portals/0/BOB%20Financials%20June%202018.pdf

Daily Bulletin – 30/07/2018

Report of the Board of Directors:

Bank of Beirut S.A.L publishes the Report of the Board of Directors addressed to the Annual GeneralMeeting of May 04, 2018. Report can be accessed by using the following URL:

http://www.bse.com.lb/Portals/0/BOB%20BOARD%20REPORT%20ADDRESSED%20TO%20OGA%2020180504.pdf


Audited Consolidated Financial Statements December 31, 2017:

Bank of Beirut S.A.L publishes the Audited Consolidated Financial Statements for the year endedDecember 31, 2017.

Report can be accessed by using the following URL:

http://www.bse.com.lb/Portals/0/BOB%20Consolidated%20Financial%20Statements%202017.pdf


Distribution of Dividends for the year 2017:

The Ordinary General Assembly of Shareholders of Bank of Beirut SAL convened on May 04, 2018 andresolved to approve the Bank’s accounts for the year 2017. The General Assembly declared distribution ofdividends as follows:

1- Preferred Shares: A gross amount of USD /37,696,625/ distributed as follows:

- To Holders of Series “G” Preferred Shares: A total of USD /8,434,125/; USD 2.3625 per sharebefore tax (10%).

- To Holders of Series “H” Preferred Shares: A total of USD /9,450,000/; USD 1.75 per share beforetax (10%).

- To Holders of Series “I” Preferred Shares: A total of USD /8,437,500/; USD 1.6875 per share beforedistribution tax (10%).

- To Holders of Series “J” Preferred Shares: A total of USD /4,875,000/; USD 1.6250 per share beforedistribution tax (10%).

- To Holders of Series “K” Preferred Shares: A total of USD /6,500,000/; USD 1.6250 per sharebefore distribution (10%).

2- Priority Shares Class 2014: Priority dividends of USD /4,000,080/; USD 0.84 per share beforedistribution tax (10%).

3- Common Shares: A gross amount of LBP /66,638,935,000/ for holders of Common Shares includingholders of Priority shares Class 2014; LBP 1,150 per share before distribution tax (10%).Dividends will be paid through Midclear SAL starting May 17, 2018 for the holders of shares as at May 11,2018 (Record Date). The Ex-dividend date is May 09, 2018.


Unaudited Consolidated Financial Results March 31, 2018:

Bank of Beirut S.A.L publishes its Unaudited Consolidated Financial Results for the period ended March31, 2018. Report can be accessed by using the following URL:

http://www.bse.com.lb/Portals/0/BOB%20Balance%20sheet%2031-03-2018.pdf


Notice of Annual Ordinary General Assembly:

The shareholders of Bank of Beirut S.A.L. are invited to attend an Annual Ordinary General Assemblymeeting to be held at 10 a.m., on Friday May 4, 2018, at the Bank's Head Office, Foch St, BeirutDowntown to study the following agenda:

Approve the reports of the Board of Directors for the fiscal year 2017. Approve the Auditors’ reports for the fiscal year 2017. Approve the Balance Sheet and Profit and Loss accounts of the fiscal year 2017. Appropriate the profits of the year 2017. Discharge the chairman and members of the Board of Directors in respect of activities

performed during the fiscal year 2017 Give the members of the Board of Directors the authorizations stipulated in articles 158 &

159 of the Code of Commerce and in article 152 of the Code of Cash and credit. Other subjects.


• Notice of Extraordinary General Assembly Meeting:

The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly to beheld at 10:00 a.m., on Tuesday, April 10, 2018 at the company's Head Office, Foch St, Beirut Downtown tostudy the following agenda:

Increase the Bank’s capital by issuing new common shares to be allocated to newshareholders.

Amend some articles of the Company’s by-laws to reflect the Capital increase. Other subject


Unaudited Consolidated Financial Results December 31, 2017:

Bank of Beirut S.A.L publishes its Unaudited Consolidated Financial Results for the year ended December31, 2017. Report can be accessed by using the following URL:

http://www.bse.com.lb/Portals/0/BOB%20FS%20-%20Dec%202017.PDF


Unaudited Consolidated Financial Results September 30, 2017:

Bank of Beirut S.A.L publishes its Unaudited Consolidated Financial Statements for the period endedSeptember 30, 2017. Report can be accessed by using the following URL:

http://www.bse.com.lb/Portals/0/BOB%20FS%20-%20Sep%202017.pdf


Minutes of the Meeting of the Ordinary General Assembly held on October 12, 2017:

Bank of Beirut S.A.L. publishes the Minutes of meeting of the Ordinary General Assembly held on October 12,2017. Minutes of meeting can be accessed by using the following URL:

http://www.bse.com.lb/Portals/0/BOB%20OGA%2012-10-2017.pdf


Notice of Ordinary General Assembly:

The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting tobe held at 1 p.m., on Thursday October 12, 2017, at the Bank's Head Office, Foch St, Beirut Downtown tostudy the following agenda:

1) Give the authorization stipulated in Article 158 of the Code of Commerce regarding thesubordinated loans that will be signed between Bank of Beirut SAL and Bank of Beirut (UK)Ltd.

2) Other subjects.


Unaudited Consolidated Financial Results June 30, 2017:

Bank of Beirut S.A.L publishes its Unaudited Consolidated Financial Statements for the period ended June30, 2017. Report can be accessed by using the following URL:

http://www.bse.com.lb/Portals/0/BOB%20Balance%20Sheet%20(June%202017).pdf


Clarification of a Trade:

On July 03, 2017 the following trade on Bank of Beirut – Listed Shares was executed at theBeirut Stock Exchange: Seller / Bank of Beirut S.A.L, Buyer / Rashed El Rashed, Number ofshares / 225,000. Price per share / USD 18.80. The new percentage ownership of the two partiesin the common share capital of the bank becomes as follow: Rashed Al Rashed: 4.11% and Bankof Beirut S.A.L: 0.23%.


Audited Consolidated Financial Statements December 31, 2016:

Bank of Beirut S.A.L publishes its Audited Consolidated Financial Statements for the year endedDecember 31, 2016. Full report can be accessed by using the following URL:

http://www.bse.com.lb/Portals/0/BOB%20FS20161231.pdf


Minutes of the Meeting of the Ordinary General Assembly held on May 5, 2017:

Bank of Beirut S.A.L. publishes the Minutes of meeting of the Ordinary General Assembly held on May 5, 2017.Minutes of the meeting can be accessed by using the following URL:

http://www.bse.com.lb/Portals/0/Bank%20of%20beirut%20OGA%205-5-2017.pdf


Minutes of the Meeting of the Board of Directors held on May 5, 2017:

Bank of Beirut S.A.L. publishes the Minutes of the meeting of the Board of Directors of May 5, 2017. Minutes ofthe meeting can be accessed by using the following URL:

http://www.bse.com.lb/Portals/0/Bank%20of%20beirut%20BOD5-5-2017.pdf


Dividends distribution for the year 2016:

The Ordinary General Assembly of Shareholders of Bank of Beirut s.a.l. convened on 05/05/2017and resolved to approve the Bank’s accounts for the year 2016 and declared distribution of dividendsas follows:

1- Preferred Shares: An amount of USD/33,469,849/distributed as follows:

- To Holders of Series “G” Preferred Shares: A total amount of USD/8,434,125/on the basis ofUSD 2.3625 per share before distribution tax at the rate of 5%.- To Holders of Series “H” Preferred Shares: A total amount of USD/9,450,000/on the basis ofUSD 1.75 per share before distribution tax at the rate of 5%.- To Holders of Series “I” Preferred Shares: A total amount of USD/8,437,500/on the basis of USD1.6875 per share before distribution tax at the rate of is 5%.- To Holders of Series “J” Preferred Shares: A total amount of USD/4,875,000/on the basis of USD1.6250 per share before distribution tax at the rate of 5%.- To Holders of Series “K” Preferred Shares: A total amount of USD/2,273,224/on the basis ofUSD 0.5683 per share before distribution tax at the rate of 5% for the period extended from 25August 2016 to 31 December 2016.

2- Priority Shares Class 2014:

Priority dividends amounting USD /4,000,080/; USD 0.84 per share before distribution tax at therate of 5%.

3- Common Shares:

Dividends amounting to LBP /57,946,900,000/ for holders of Common Shares including holders ofPriority shares Class 2014; LBP 1,000 per share before distribution tax at the rate of 5%.

Dividends will be paid through Midclear S.A.L. starting May 11, 2017 for the holders of shares as at10/05/2017 (Record Date), according to the records of Midclear S.A.L. The Ex-dividend date is May08, 2017.


Clarification of a Trade:

On April 28, 2017 the following Block Trade on Bank of Beirut – Listed Shares was executed atthe Beirut Stock Exchange: Seller / Mr. Fawaz Naboulsi, Buyer / FSHN Limited, Number ofshares / 176,650, Price per share / USD 16.00. Mr. Fawaz Naboulsi is the sole owner of the 2,000issued shares out of the 15,000 outstanding shares of FSHN Limited. The new percentageownership of the two parties in the share capital of the bank becomes as follow: Mr. FawazNaboulsi: 0.0002% and FSHN Limited: 4.3943%.


Unaudited Consolidated Financial Results March 31, 2017:

Bank of Beirut S.A.L publishes its Unaudited Consolidated Financial Results for the period ended March31, 2017. Full report can be accessed by using the following URL:

http://www.bse.com.lb/Portals/0/BOB%20FS%20032017.pdf


Minutes of the Meeting of the Board of Directors held on April 13, 2017:

Bank of Beirut S.A.L. publishes the Minutes of the meeting of the Board of Directors of April 13, 2017. Minutesof the meeting can be accessed by using the following URL:

http://www.bse.com.lb/Portals/0/BOB%20Board%20Meeting%2020170413.pdf



The shareholders of Bank of Beirut S.A.L. are invited to attend an Annual Ordinary General Assemblymeeting to be held at 10 a.m., on Friday May 5, 2017, at the Bank's Head Office, Foch St, BeirutDowntown to study the following agenda:

Approve the reports of the Board of Directors for the fiscal year 2016. Approve the Auditors’ reports for the fiscal year 2016. Approve the Balance Sheet and Profit and Loss accounts of the fiscal year 2016. Appropriate the profits for the year 2016. Discharge the chairman and members of the Board of Directors in respect of activities

performed during the fiscal year 2016 Elect a new Board of Directors. Give the members of the Board of Directors the authorizations stipulated in articles 158 &

159 of the Lebanese Commercial Code and the authorization stipulated in Article 152 of theCash and credit Code.

Nominate the Auditors for the Fiscal years 2017, 2018 & 2019. Other subjects.


Clarification of Two Block Trades:

On March 28, 2017 the following two Block Trades on Bank of Beirut – Listed Shares have been executedat the Beirut Stock Exchange:

Seller Buyer Number of shares Price per share (USD)Salim Sfeir Sfeir Bancorp Limited 498,540 16.00

Fawaz Naboulsi FSHN Limited 318,423 16.00

Mr. Salim Sfeir is the sole owner of the 2,000 issued shares of Sfeir Bancorp Limited out of the 15,000outstanding shares. Mr. Fawaz Naboulsi is the sole owner of the 2,000 issued shares of FSHN Limited outof the 15,000 outstanding shares. The new percentage ownership of the four parties in the share capital ofthe bank becomes as follow: Mr. Salim Sfeir: 0.0002%, Fawaz Naboulsi: 0.86%, Sfeir Bancorp Limited:4.43% and FSHN Limited: 3.39%.


Unaudited Financial Statements December 31, 2016:

Bank of Beirut S.A.L publishes its Unaudited Consolidated Financial Statements for the year endedDecember 31, 2016. Full report can be accessed by using the following URL:



Unaudited Consolidated Financial Results September 30, 2016:

Bank of Beirut S.A.L publishes its Unaudited Consolidated Financial Statements for the period endedSeptember 30, 2016. Full report can be accessed by using the following URL:



Extraordinary General Assembly Meeting of the holders of Preferred Shares Class (K)dated 11/10/2016:

The holders of Bank of Beirut Preferred shares Class (K) attended an Extraordinary General Assemblymeeting on Tuesday October 11, 2016, at the Bank's Head Office, Foch St, Beirut Downtown and decidedto adopt the By-Laws of the Assembly of holders of Preferred Shares Class (K). In addition TheExtraordinary General Assembly decided to nominate Mr. Roger Dagher and Mr. Antoine Chamcham asrepresentatives of the Assembly. (By-Laws of the Assembly of holders of Preferred Shares Class (K) -Arabic)

Daily Bulletin- 19/10/2016

Listing, Trading and Pricing of Series K Preferred Shares issued by Bank of BeirutSAL:

The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /4,000,000/ Non-Cumulative, Perpetual, Redeemable Preferred Shares Class (K), issued by Bank of Beirut SAL in theofficial market of the stock exchange. Holders of Preferred Shares Class (K) will receive annualdistribution of 6.5% of the issue price (USD 25 per share), adjusted on a pro rata basis for the year 2016 to

reflect the period from the issue date till the end of the year. Trading is scheduled to start onMonday, October 10, 2016. (Circular# 431/2016)


Notice of Extraordinary General Assembly Meeting to the holders of Series K PreferredShares:

The holders of Bank of Beirut Preferred shares Class (K) are invited to attend an Extraordinary GeneralAssembly meeting to be held at 3 p.m., on Tuesday October 11, 2016, at the Bank's Head Office, Foch St,Beirut Downtown to study the following agenda:

Draft the By-Laws of the Assembly of holders of Preferred Shares Class (K) Nominate the representatives of the Assembly Other subjects


Extraordinary General Assembly Meeting of August 25, 2016:

The Extraordinary General Assembly of shareholders of Bank of Beirut SAL convened on August 25, 2016and resolved to approve the adequate completion of all actions and procedures undertaken to increase theBank’s capital from LBP 109,378,674,000 to LBP 115,218,674,000 through the issuance of 4,000,000 newpreferred shares labeled “preferred shares series K” and declare that the capital of Bank of Beirut SAL isnow LBP 115,218,674,000 fully paid.


Ordinary General Assembly Meeting of May 5, 2016:

Bank of Beirut SAL publishes the minutes of the Ordinary General Assembly of shareholders ofMay 5, 2016. (Minutes of the meeting Arabic)


Subscription in Preferred Shares Class (K) that will be issued by Bank of Beirut SAL:

Subscription in series (K) preferred shares: Subscription period: From Monday August 08, 2016 at 8:30 amtill Saturday August 13, 2016 at 12:00 noon. Place of Subscription: All branches of Bank of Beirut SAL.Conditions and rules of Subscription: Number of series (K) preferred shares: /4,000,000/ shares. Price andrules of Subscription: USD /25/ per share divided into: LBP /1,460/ as nominal value and the balance asissue premium. Subscription should be executed in total units with a minimum of one unit per subscriber.Every unit is constituted of /100/ series (K) preferred shares, with an issue price per unit of USD /2,500/.Subscription price should be paid in cash on the subscription day. Priority right in subscription: Holders ofpreferred shares series “G”,”H”,”I” and “J” have priority right to subscribe in the preferred shares series“K”, on a non-reducible basis, according to the percentage of preferred shares they hold in the total sharecapital of the Bank. Holders of commons shares and holders of priority shares series 2014 do not possessany priority right to subscribe in the series K preferred shares; however, while retaining the priority right

for subscription given to the holders of series “G”, “H”, “I” and “J” as stated above, holders of commonshares, priority shares series 2014 and the public including holders of preferred shares series “G”,”H”,”I”and “J” are entitled to subscribe in the remaining series K preferred shares. Record date to fix priorityright: Saturday August 13, 2016. Terms of series K preferred shares: Please refer to the MarketingBrochures related to these shares that are available at all branches of Bank of Beirut SAL.


• Notice of an Extraordinary General Assembly Meeting:

The shareholders of Bank of Beirut SAL are invited to attend an Extraordinary General Assembly Meetingto be held at 3:00 p.m. on Thursday, August 25, 2016 at the Bank’s Head Office, Foch St. BeirutDowntown to examine the following agenda: - Verify the adequate subscription for and full payment ofseries K preferred shares. – Confirm the adequate completion of the procedures for the increase in theBank’s capital from LBP /109,378,674,000/ to LBP /115,218,674,000/. Declare that the capital of Bank ofBeirut SAL is LBP /115,218,674,000/. - Other topics.


● Unaudited Financial Statements June 30, 2016:

Bank of Beirut S.A.L publishes its Unaudited Financial Statements for the period ended June 30, 2016. Fullreport can be accessed by using the following URL:

http://www.bse.com.lb/Portals/0/BOB%20Publication%20160630.pdf


• Listing an additional 923,950 common shares

The Beirut Stock Exchange decided to list, as of July 13, 2016, additional/923,950/commonshares out of the /2,717,500/ common shares issued in a private placement by Bank of BeirutSAL. These shares will be added to the previously listed shares; therefore the total number oflisted common shares of Bank of Beirut SAL becomes /17,746,417/ common listed shares. Notethat the Bank’s share capital is composed as follows: /53,184,900/ Common shares (17,746,417shares are listed and 35,438,483 not listed), 4,762,000 Priority shares (100% listed), 3,570,000Preferred shares class G (not listed), 5,400,000 Preferred shares class H (100% listed), 5,000,000Preferred shares class I (100% listed) and 3,000,000 Preferred shares class J (100% listed).


• Extraordinary General Assembly Meeting held on May 26, 2016:

The Extraordinary General Assembly of shareholders of Bank of Beirut SAL convened on May 26, 2016and decided to increase the capital of the Bank from LBP 109,378,674,000 to LBP 115,218,674,000through the issuance of /4,000,000/ new preferred Shares to be labeled Preferred Shares Class (K). Theseshares shall have a par value of LBP 1,460 each and an issue price of USD 25 per share.Holders of Preferred Shares Class (G), Preferred Shares Class (H), Preferred Shares Class (I) & PreferredShares Class (J) will have the right to subscribe, on a priority basis, to the issue of Class (K) preferredshares, pro rata to their holdings of the total share capital of the bank. Subscription shall be done with full

units constituted of 100 preferred shares class (K) each, with a minimum subscription of one unit persubscriber. Holders of Preferred Shares Class (K) will receive non-cumulative annual distribution of 6.5%of the issuance price. The Extraordinary General Assembly of shareholders also decided to list all of the/4,000,000/ Preferred Shares Class (K) in the Beirut Stock Exchange.


Notice of an Extraordinary General Assembly Meeting:

The shareholders of Bank Of Beirut SAL are invited to attend an Extraordinary General AssemblyMeeting to be held at 10:30 a.m. on Thursday, May 26, 2016 at the Bank’s Head Office, Foch St.Beirut Downtown to examine the following agenda: - Increase the Bank’s capital through theissuance of new non-cumulative, perpetual, redeemable preferred shares to be labeled series K, anddefine the remaining terms of these shares. – Amend some articles of the Bank’s By-Laws accordingto the capital increase. – Other topics.


Notice of Extraordinary General Assembly Meeting:

The shareholders of Bank Of Beirut SAL are invited to attend an Extraordinary General AssemblyMeeting to be held at 10:00 a.m. on Thursday, May 26, 2016 at the Bank’s Head Office, Foch St.Beirut Downtown to examine the following agenda: - Verify the correct completion of thesubscription in the new common shares. – Make sure that all the procedures executed to increase theBank’s capital are correct. – Announce that the capital of Bank Of Beirut SAL becameLBP109,378,674,000. – Other topics.


Dividends distribution for the year 2015:

The Ordinary General Assembly of Shareholders of Bank of Beirut s.a.l. convened on 05/05/2016and resolved to approve the Bank’s accounts for the year 2015 and declared distribution of dividendsas follows:

4- Preferred Shares: An amount of USD/35,996,625/distributed as follows:

- To Holders of Series “E” Preferred Shares: A total amount of USD/4,800,000/on the basis ofUSD 2.00 per share before distribution tax at the rate of 5%.- To Holders of Series “G” Preferred Shares: : A total amount of USD/8,434,125/on the basis ofUSD 2.3625 per share before distribution tax at the rate of 5%.- To Holders of Series “H” Preferred Shares: : A total amount of USD/9,450,000/on the basis ofUSD 1.75 per share before distribution tax at the rate of 5%.- To Holders of Series “I” Preferred Shares: : A total amount of USD/8,437,500/on the basis ofUSD 1.6875 per share before distribution tax at the rate of is 5%.- To Holders of Series “J” Preferred Shares: : A total amount of USD/4,875,000/on the basis ofUSD 1.6250 per share before distribution tax at the rate of 5%.

5- Priority Shares Class 2014:

Priority dividends amounting USD /4,000,080/; USD 0.84 per share before distribution tax at therate of 5%.

6- Common Shares:

Dividends amounting to LBP /49,706,460,000/ for holders of Common Shares including holders ofPriority shares Class 2014; LBP 900 per share before distribution tax at the rate of 5%.

Dividends will be paid through Midclear S.A.L. starting May 11, 2016 until May 20, 2016 for theholders of shares as at 10/05/2016 (Record Date), according to the records of Midclear S.A.L. TheEx-dividend date is May 06, 2016.As for Preferred shares Series “E”, the records of Midclear S.A.L. as at December 30, 2015 (theredemption date of these shares) will be adopted.


Ex-dividend date:

In Reference to the announcement issued by Bank of Beirut SAL related to the distribution of dividends forthe holders of shares on record as at May 10, 2016, the Beirut Stock Exchange declares that the Ex-dividend date of the mentioned shares is May 06, 2016.



The shareholders of Bank of Beirut S.A.L. are invited to attend an Annual Ordinary General Assemblymeeting to be held at 11 a.m., on Thursday May 5, 2016, at the Bank's Head Office, Foch St, BeirutDowntown to study the following agenda:

Approve the reports of the Board of Directors for the fiscal year 2015. Approve the Auditors’ reports for the fiscal year 2015. Approve the Balance Sheet and Profit and Loss accounts of the fiscal year 2015. Appropriate the bank’s profits for the year 2015. Discharge the chairman and members of the Board of Directors in respect of activities

performed during the fiscal year 2015. Give the members of the Board of Directors the authorizations stipulated in articles 158 &


Other subjects.


Cancellation of all the Series “E” Preferred Shares and increase of the Bank’sCapital:

The Beirut Stock Exchange decided to de-list the /2,400,000/ Preferred Shares Class “E” ofBank of Beirut SAL from the official market of the stock exchange, and took note ofthe Bank’s capital increase from LBP/105,185,154,000/ to LBP /105,411,124,000/; thus thedistribution of the Bank’s capital becomes as follows: - Common shares (listed) /16,822,467/

- Common shares (unlisted) /33,644,933/ – Priority shares (listed) /4,762,000/ - Preferredshares Class G (unlisted) /3,570,000/ - Preferred shares Class H (listed) /5,400,000/ –Preferred shares Class I (listed) /5,000,000/ - Preferred shares Class J (listed) /3,000,000/.

All shares have a nominal value of LBP/1,460/ per share.

For more details please refer to Circular# 417/2016 dated 14/03/2016


The shareholders of Bank of Beirut are invited to attend an Extraordinary General Assembly meeting to beheld at 3 p.m., on Monday March 21, 2016, at the Bank's Head Office, Foch St, Beirut Downtown toexamine the following agenda:

The increase of the Capital of Bank of Beirut S.A.L. by issuing new common shares reservedto some subscribers.

The amendment of some of the bank’s by laws. Other subjects


● Unaudited Financial Statements December 31, 2015:

Bank of Beirut S.A.L publishes its Unaudited Financial Statements for the year ended December 31, 2015.Full report can be accessed by using the following URL:

http://www.bse.com.lb/Portals/0/BoB%20FS%2031%20December%202015.pdf


• Ordinary General Assembly Meeting held on 07/01/2016:

The shareholders of Bank of Beirut S.A.L. attended an Ordinary General Assembly meeting heldexceptionally at 4 pm., on Thursday January 7, 2016, at the Bank's Head Office, Foch St, Beirut Downtownand decided to elect Mr. Ramzi Saliba and Mr. Robert Sursock to the Board of Directors for the remainingperiod of the Board.

Daily Bulletin –13/01/2016

• Extraordinary General Assembly Meeting held on January 7, 2016:

The Extraordinary General Assembly of shareholders of Bank of Beirut held a meeting on January 7, 2016and resolved to approve the cancellation of all preferred shares class (E), the substitution of the nominalvalue of the cancelled shares in the capital of the Bank through the incorporation of free reserves, and forthe avoidance of residual amounts in the nominal value of each share, the Extraordinary General Assemblyresolved to approve the increase of the capital of the Bank to become LBP 105,411,124,000 through theincorporation of free reserve, resulting in a nominal value of each share of LBP 1,460.

Daily Bulletin –13/01/2016

• Cease Trading in Bank Of Beirut Preferred Shares Class "E":

Based on the decision of the Board of Directors of Bank Of Beirut SAL related to the cancellation of theSeries “E” Preferred shares on the last working day of the year 2015, and based on the approval of theCentral Bank of Lebanon on the process of redemption and cancelation of the mentioned shares; the BeirutStock Exchange decided to cease trading in Bank of Beirut Preferred Shares Series “E”.


• Notice of Ordinary General Assembly:

The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting tobe held exceptionally at 4 pm., on Thursday January 7, 2016, at the Bank's Head Office, Foch St, BeirutDowntown to study the following agenda:

1- Elect 2 new members to the Board of Directors2- Other subjects.



The shareholders of Bank of Beirut are invited to attend an Extraordinary General Assembly meeting to beheld at 3 p.m., on Thursday January 7, 2016, at the Bank's Head Office, Foch St, Beirut Downtown to studythe following agenda:

Cancel the Preferred Shares Class “E” Increase the Capital of Bank of Beirut S.A.L. according to the repurchase and cancellation of

the Preferred Shares Class (E) and amend some articles of the By-laws accordingly. Other subjects


• Meeting of the Board of Directors:

The Board of Directors of Bank of Beirut S.A.L. held a meeting on Saturday, September 26, 2015, at theBank's Head Office, Foch St, Beirut Downtown and decided to repurchase the /2,400,000/ Preferred shares(Class E), on the last working day of the year 2015.


• Notice to the owners of Preferred shares (Class E):

Bank of Beirut S.A.L. announces to the owners of Preferred shares Class E that the Board of Directorsdecided in its meeting held on 26/09/2015, pursuant to Article B4, 4th paragraph of the 3rd decision taken bythe Extraordinary General Assembly of shareholders of the bank held on 13/11/2008, to redeem the ClassE Preferred shares.


• Ex-dividend date:In Reference to the announcement issued by Bank of Beirut SAL related to the distribution ofdividends for the holders of shares on record as at April 30, 2015, the Beirut Stock Exchangedeclares that the Ex-dividend date of the mentioned shares is April 28, 2015.


• Dividends distribution for the year 2014:

The Ordinary General Assembly of Shareholders of Bank of Beirut s.a.l. convened on April 24, 2015and resolved to approve the Bank’s accounts for the year 2014 and declared distribution of dividendsas follows:- To Holders of Series “E” Preferred Shares: USD 2.00 per share- To Holders of Series “F” Preferred Shares: USD 2.00 per share- To Holders of Series “G” Preferred Shares: USD 2.36 per share- To Holders of Series “H” Preferred Shares: USD 1.75 per share- To Holders of Series “H” Preferred Shares: USD 1.69 per share- To Holders of Priority Shares Class 2014: “Priority dividend” of USD 0.26 per share that represents4.00% of the Issue price amounted USD 21.00 per share for the period from September 8, 2014,(The date of the Extraordinary General Assembly Meeting that verified the Capital increase byissuing Priority Shares Class 2014) until 31/12/2014.

- To Holders of Common Shares: LBP 900 per share

As a result of the above, the net payable amounts (after deduction of the applicable withholding taxat the rate of 5%) are as follows:- To Holders of Series “E” Preferred Shares: USD 1.90 per share- To Holders of Series “F” Preferred Shares: USD 1.90 per share- To Holders of Series “G” Preferred Shares: USD 2.24 per share- To Holders of Series “H” Preferred Shares: USD 1.66 per share- To Holders of Series “I” Preferred Shares: USD 1.61 per share- To Holders of Priority Shares Class 2014: “Priority dividend” USD 0.25 per share- To Holders of Common Shares: LBP 855 per share

Dividends will be paid through Midclear S.A.L. starting May 1, 2015 until May 12, 2015 for theholders of shares as at April 30, 2015 (Record Date), according to the records of Midclear S.A.L. Asfor the holders of Series “F”, the records of Midclear S.A.L. as at December 26, 2014, theredemption date of these shares will be used.


• Notice of an Annual Ordinary General Assembly:The shareholders of Bank of Beirut S.A.L. are invited to attend an Annual Ordinary General Assemblymeeting to be held at 10:30 a.m., on Friday April 24, 2015, at the Bank's Head Office, Foch St, BeirutDowntown to study the following agenda:

Approve the reports of the Board of Directors for the fiscal year 2014. Approve the Auditors’ reports for the fiscal year 2014. Approve the Balance Sheet and Profit and Loss accounts of the fiscal year 2014. Appropriate the bank’s profits for the year 2014. Discharge the chairman and members of the Board of Directors in respect of activities

performed during the fiscal year 2014. Give the members of the Board of Directors the authorizations stipulated in articles 158 &


Other subjects.


• Notice of an Extraordinary General Assembly Meeting to the owners of Preferred Shares Class (J):

The holders of Bank of Beirut Preferred shares Class (J) are invited to attend an Extraordinary GeneralAssembly meeting to be held at 3 p.m., on Tueday April 14, 2015, at the Bank's Head Office, Foch St,Beirut Downtown to study the following agenda:

Draft the By-Laws for the Assembly of Preferred Shares Class (J) Nominate the representatives of the Assembly Other subjects


• Listing, trading and pricing of all Preferred Shares Class (J) in the official market of the BSE:

The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /3,000,000/ Non-Cumulative, perpetual, redeemable Preferred Shares Class (J), issued by Bank of Beirut SAL in the officialmarket of the stock exchange.Trading is scheduled to start on Wednesday 11/02/2015.

For more details refer to circular 405/2015 dated 06/02/2015

• Extraordinary General Assembly Meeting held on December 26, 2014:

The Extraordinary General Assembly of shareholders of Bank of Beirut held on December 26, 2014resolved to approve the adequate completion of all the procedures for the increase of the Bank’s capitalthrough the issuance of the three million preferred shares class (J). In addition, the Extraordinary GeneralAssembly of shareholders resolved to approve the cancellation of all preferred shares class (F), thesubstitution of the nominal value of the cancelled shares in the capital of the Bank through theincorporation of free reserves, and for the avoidance of residual amounts in the nominal value of each

share, the Extraordinary General Assembly resolved to approve the increase of the capital of the Bank tobecome LBP105,185,154,000 through the incorporation of free reserve, resulting in a nominal value ofeach share of LBP 1,410.


Subscription in Preferred Shares Class (J) that will be issued by Bank of Beirut SAL:

Subscription period: From Friday December 12, 2014 at 8:30 am till Tuesday December 16, 2014 at 12:00noon. Place of Subscription: All branches of Bank of Beirut SAL. Number of Preferred Shares Class J:/3,000,000/ shares. Price and rules of Subscription: USD /25/ per share divided into: LBP /1,350/ asnominal value and the balance as issue premium. Subscription should be executed in complete unitsconstituted of 100 preferred shares class (J) each with an issue price of USD 2500 for each unit.Subscription price should be paid in cash upon subscription. Priority right in subscription: Holders ofPreferred Shares Class (E), Preferred Shares Class (F), Preferred Shares Class (G), Preferred Shares Class(H) & Preferred Shares Class (I) will have priority right to subscribe, on a non-reducible basis, to the issueof Class (J) preferred shares, pro rata to their holdings of the total share capital of the bank. Any preferredshares class (J) not subscribed to by holders of preferred shares class (E), (F), (G), (H) and (I) can besubscribed to by the holders of common shares, holders of priority shares, holders of preferred shares andby others. Holders of preferred shares as of the record date which is Wednesday, December 10, 2014according to the records of Midclear SAL will have priority right, as stated here above, to subscribe in thepreferred shares class (J).



The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 12 p.m., on Friday January 26, 2014, at the company's Head Office, Foch St, BeirutDowntown to study the following agenda:

Verify the correct completion of the subscription in the new Preferred shares Class (J). Make sure that all the procedures executed to increase the Bank’s Capital are correct. Announce that the Capital of Bank of Beirut S.A.L . became LBP /104,759,190,000/. Increase Bank of Beirut S.A.L. capital according to the repurchase and cancellation of the

Preferred Shares Class (F) and amend some articles of the By-laws accordingly. Divers matters


• Extraordinary General Assembly Meeting held on November 17, 2014:

The Extraordinary General Assembly of shareholders of Bank of Beirut SAL convened on November 17,2014 and decided to increase the capital of the Bank from LBP 100,709,190,000 to LBP 104,759,190,000through the issuance of /3,000,000/ new preferred Shares to be labeled Preferred Shares Class (J). Theseshares shall have a par value of LBP 1,350 each and an issue price of USD 25 per share.Holders of Preferred Shares Class (E) & Preferred Shares Class (F) & Preferred Shares Class (G) &Preferred Shares Class (H) & Preferred Shares Class (I) will have the right to subscribe, on a priority basis,

to the issue of Class (J) preferred shares, pro rata to their holdings of the total share capital of the bank.Subscription shall be done with full units constituted of 100 preferred shares class (J) each, with aminimum subscription of one unit per subscriber. Holders of Preferred Shares Class (J) will receive non-cumulative annual distribution of 6.5% of the issuance price. The Extraordinary General Assembly ofshareholders also decided to list all of the /3,000,000/ Preferred Shares Class (J) in the Beirut StockExchange.



The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 3:30 p.m., on Monday, November 17, 2014 at the company's Head Office, Foch St,Beirut Downtown to study the following agenda:

Increase the bank’s capital by issuing new non cumulative, redeemable preferred shares to belabeled Class “J”, and define the remaining terms of these shares.

Amend some articles of the Company’s by-laws according to the Capital increase. Other matters


• Listing, trading and pricing of /4,762,000/ Priority shares Class 2014 in the official market of theBSE:

The Beirut Stock Exchange decided to accept, as of Thursday, October 16, 2014 the listing, trading andpricing of the /4,762,000/ Priority Shares Class 2014, issued by Bank of Beirut SAL in the official marketof the stock exchange. These shares constitute a special class of the Bank’s Common Shares that benefit,for a limited period, in addition to the rights and obligations devolving on the remaining Common Shares,from a non-cumulative priority dividend (4% of the $21 – issue price) adjusted on a pro rata basis for theyear 2014 to reflect the period from the issue date until the end of the year.


• Board of Directors Meeting:

The members of the Board of Directors of Bank of Beirut S.A.L. held a meeting, on Monday September 8,2014, at the company's Head Office, Foch St, Beirut Downtown and resolved to:

Recommend to the Extraordinary General Assembly to increase the Bank’s capital by issuing non-cumulative, redeemable Preferred Shares, to be labeled Preferred Shares (J)

Invite the Extraordinary General Assembly to meet at the Bank's Head Office, Foch St, BeirutDowntown

Re-purchase all the Preferred Shares (F) issued by the bank on the recovery date; the last workingday of 2014


• Notice to the owners of Preferred shares (Class F):

Bank of Beirut S.A.L. announces to the owners of Preferred shares Class F that the Board of Directorsdecided in its meeting held on 08/09/2014 to redeem the Class F Preferred shares, pursuant to Article B4,4th paragraph of the 1st decision taken by the Extraordinary General Assembly of shareholders of Bank OfBeirut SAL. held on July 8, 2009.


• Extraordinary General Assembly Meeting:

The Extraordinary General Assembly of Bank of Beirut S.A.L. held on Monday September 8, 2014, at thecompany's Head Office, Foch St, Beirut Downtown took the following decisions:

Verify the correct completion of the subscription in the new Priority shares Class 2014 Confirm the completion of procedure for the increase in the Bank’s Capital from LBP

/94,280,490,000/ to LBP /100,709,190,000/. Announce that the Capital of Bank of Beirut S.A.L . became LBP /100,709,190,000/. Transfer the amount of issue premium of the newly issued Priority Shares Class 2014 to the

issue premium account. Designate the Chairman and Vice-General Manager to execute the decisions of this

Assembly.



The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 3 p.m., on Monday September 8, 2014, at the company's Head Office, Foch St, BeirutDowntown to study the following agenda:

Verify the completion of the increase of the Bank’s Capital from LBP /94,280,490,000/ toLBP /100,709,190,000/.

Make sure that all the Capital increase transactions have been correctly executed. Announce that Bank of Beirut S.A.L .Capital became LBP /100,709,190,000/. Other subjects.


Subscription in Priority Shares Class 2014:

Subscription period: From Monday August 18, 2014 at 8:30 am till Thursday August 28, 2014 at 12:00noon.

Place of Subscription: All branches of Bank of Beirut SAL.

Number of Priority Shares Class 2014: /4,762,000/ shares.

Price and rules of Subscription: USD /21/ per share divided into: LBP /1,350/ as nominal value and thebalance as issue premium. Subscription should be executed in complete shares and the subscription priceshould be paid in cash upon subscription.

Priority right in subscription: The holders of common shares will have a priority right to subscribe in thepriority shares class 2014, on a non-reducible basis, according to the percentage of common shares theyhold in the total number of common shares of the Bank’s capital and on a reducible basis, according to theircontribution and within the limit of their reducible demands. Holders of preferred shares Class E, F, G, H& I do not posess any priority right to subscribe in the priority shares class 2014. However, while retainingthe priority right for subscription given to the holders of common shares as stated above, the holders ofpreferred shares class E, F, G, H & I and the public, including holders of common shares, are entitled tosubscribe in the remaining priority shares class 2014 provided that they subscribe by 12,000 priority sharesclass 2014 at least and 2,400,000 shares at most.


• ExtraOrdinary General Assembly Meeting held on May 22, 2014:

The Extraordinary General Assembly of shareholders of Bank of Beirut SAL convened on May 22, 2014and decided to increase the capital of the Bank from LBP 94,280,490,000 to LBP 100,709,190,000 throughthe issuance of /4,762,000/ “series 2014 priority shares” for an issue price of USD 21 per share at a parvalue of LBP 1,350. Holders of common shares will have the right, on a priority basis, to subscribe to theissue of series 2014 priority shares. Subscribers in “series 2014 priority shares” will receive non-cumulative annual distribution of 4% of the issue price adjusted on a pro-rata basis for the fraction of theyear during which the issuance of the shares occurs plus any dividend declared for common shares.


• De-listing of Bank Of Beirut Preferred Shares Class "D":

Further to the decision of the Board of Directors of Bank of Beirut SAL dated 4/9/2012, that decided to re-purchase all the preferred shares class “D” on the redemption date that was defined to be the last businessday of the fiscal year 2012, and further to the decisions of the Extraordinary General Meeting ofshareholders of the Bank dated 30/7/2007 & 21/9/2007 concerning the issuance of /4,000,000/ PreferredShares Class “D” that can be redeemed at the issuance price of USD /25/ per share. The Beirut StockExchange decided to stop trading with the above mentioned shares (BOBPD) at the end of the tradingsession of December 21, 2012, and to de-list the shares before the opening session of Friday December 28,2012.



The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 3 p.m., on Thursday May 22, 2014, at the company's Head Office, Foch St, BeirutDowntown to study the following agenda:

Increase the bank’s capital by issuing new priority shares according to article 110 of theCommercial Law, and determine the remaining terms of these shares.

Amend some articles of the Company’s by-laws according to the Capital increase. Other matters


• Ordinary General Assembly Meeting held on April 23, 2014:

The Ordinary General Assembly of Bank of Beirut SAL convened on April 23, 2014 and resolved toapprove the reports of the Board of Directors, the reports of the Auditors and the Bank's accounts for thefiscal year 2013. The Ordinary General Assembly declared dividends as follows:

● To Holders of Preferred shares (E): USD 2.00 per share● To Holders of Preferred shares (F): USD 2.00 per share● To Holders of Preferred shares (G): USD 2.3625 per share● To Holders of Preferred shares (H): USD 1.75 per share● To Holders of Preferred shares (I): USD 1.6875 per share● To Holders of Common shares: LBP 859 per share

The Ordinary General Assembly also decided to discharge the chairman and members of the Board ofDirectors in respect of activities performed during the year ended December 31, 2013, and gave them theauthorizations stipulated in articles 158 & 159 of the Lebanese Commercial Code and the authorizationstipulated in Article 152 of the Cash and credit Code.The Ordinary General Assembly decided to elect Messrs Salim Sfeir, Adib Millet, Antoine Abdel Massih,Fawaz Naboulsi, H.E. Anwar Mohamad El-Khalil, Emirates Bank International pjsc, Eng. Rached BenSaad Al Rached, Antoine Wakim And Krikor Sadikian to the Board of Directors for a three year period thatwill end when the Ordinary General assembly will convene to approve the accounts of the year 2016.Finally the Ordinary General Assembly also decided to nominate Deloitte and Touche auditors for the years2014, 2015 & 2016.


• Dividends Distribution:

The Ordinary General Assembly of Bank of Beirut SAL convened on April 12, 2013. During this meeting,the distribution of dividends has been decided as follows:

● The Common shares dividends: LBP 716 per common share● Preferred shares Series (D): 9.00% of issue price (9.00% x US$25.00 = US$2.2500per share)● Preferred shares Series (E): 8.00% of issue price (8.00% x US$25.00 = US$2.0000per share)● Preferred shares Series (F): 8.00% of issue price (8.00% x US$25.00 = US$2.0000per share)● Preferred shares Series (G): 6.75% of issue price (6.75% x US$35.00 = US$2.3625per share)● Preferred shares Series (H): 7.00% of issue price (7.00% x US$25.00 = US$1.7500per share)

Dividends will be paid tomorrow; Friday the 19th of April 2013 for the holders of common shares as well asfor the holders of Series E, F, G & H preferred shares as at April 11, 2013 (Record date). As for series Dpreferred shares that was redeemed previously, the record date was December 28, 2012.


• Notice of an Extraordinary General Assembly Meeting to the owners of Preferred Shares Class (I):

The holders of Bank of Beirut Preferred shares Class (I) are invited to attend an Extraordinary GeneralAssembly meeting to be held at 10 a.m., on Friday April 12, 2013, at the Bank's Head Office, Foch St,Beirut Downtown to study the following agenda:

Draft the By-Laws for the Assembly of Preferred Shares Class (I) Nominate the representatives of the Assembly Other subjects


• Notice of an Ordinary General Assembly:The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting tobe held at 10:30 a.m., on Friday April 12, 2013, at the Bank's Head Office, Foch St, Beirut Downtown.


• Listing, trading and pricing of all Preferred Shares Class (I) in the official market of the BSE:

The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /5,000,000/ PreferredShares Class (I), issued by Bank of Beirut SAL in the official market of the stock exchange.Trading is scheduled to start on Thursday 31/01/2013.


• Subscription in the Preferred shares Class (I):

Subscription period: From Friday December 21, 2012 at 8:30 am till Monday December 24, 2012 at 12:00noon. Place of Subscription: All branches of Bank of Beirut SAL. Conditions and rules ofSubscription: Number of issued Preferred shares Class (I): /5,000,000/ shares. Price and rules ofSubscription: USD /25/ per share divided into: LBP /1,260/ as nominal value and the balance as issuepremium. Subscription will be executed in total units with a minimum of one unit. Every unit is constitutedof /100/ Preferred Shares (I), with an issue price per unit of USD /2,500/. Subscription price will be paid incash on the subscription day. Priority right in subscription: The holders of preferred shares class“D”,”E”,”F”,”G” and “H” will have a priority right to subscribe in the preferred shares class “I”, on a non-reducible basis, according to the percentage of preferred shares they hold in the total share capital of theBank. Terms of preferred shares (I): Please refer to the Marketing Brochure related to these shares thatare available at all branches of Bank of Beirut SAL.


• De-listing of Bank Of Beirut Preferred Shares Class "D":

Further to the decision of the Board of Directors of Bank of Beirut SAL dated 4/9/2012, that decided to re-purchase all the preferred shares class “D” on the redemption date that was defined to be the last business

day of the fiscal year 2012, and further to the decisions of the Extraordinary General Meeting ofshareholders of the Bank dated 30/7/2007 & 21/9/2007 concerning the issuance of /4,000,000/ PreferredShares Class “D” that can be redeemed at the issuance price of USD /25/ per share. The Beirut StockExchange decided to stop trading with the above mentioned shares (BOBPD) at the end of the tradingsession of December 21, 2012, and to de-list the shares before the opening session of Friday December 28,2012.



The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 10h30 a.m., on Friday December 28, 2012, at the company's Head Office, Foch St,Beirut Downtown to study the following agenda:

Verify the completion of the increase in the Bank’s Capital from LBP /86,735,124,000/ toLBP /93,035,124,000/ through the subscription in the represented Preferred Shares.

Make sure that all the Capital increase transactions have been correctly executed. Announce that Bank of Beirut S.A.L .Capital became LBP /93,035,124,000/. Increase the bank’s capital according to the redemption of Preferred Shares Class (D) and

amend some articles of the bank’s by-laws. Other matters



The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 3 p.m., on Monday November 19, 2012, at the company's Head Office, Foch St,Beirut Downtown to discuss the following agenda:

Increase the Capital of Bank of Beirut S.A.L. by issuing new Preferred Shares in accordancewith Law 308/2001.

Amend some articles of the By-Laws of the Bank according to the Capital increase. Other matters


• Notice to the owners of Preferred shares (Class D):

Bank of Beirut S.A.L. announces to the owners of Preferred shares (Class D) that the Board of Directorsdecided in its meeting held on 04/09/2012 to redeem and cancel the Class D Preferred shares, according tothe provisions that govern these shares as defined by the Extraordinary General Assembly of shareholdersof Bank Of Beirut SAL. Redemption date is set to be on 28/12/2012 which is the last working day of thefifth financial year after the completion of the operation. Based on the above, the last trading day in theseshares in the Beirut stock Exchange will be Friday, 21/12/2012.



The Ordinary General Assembly of Bank of Beirut SAL convened on April 12, 2012 and resolved toapprove the reports of the Board of Directors, the reports of the Auditors and the Bank's accounts for thefiscal year 2011. The Ordinary General Assembly declared dividends distribution (Before distribution tax5%) as follows:

● To Holders of Preferred shares (D): USD 2.25 per share● To Holders of Preferred shares (E): USD 2.00 per share● To Holders of Preferred shares (F): USD 2.00 per share● To Holders of Preferred shares (G): USD 2.3625 per share● To Holders of Preferred shares (H): USD 0.455 per share● To Holders of Common shares: LBP 650 per share

- The Ordinary General Assembly also decided to discharge the chairman and members of theBoard of Directors in respect of activities performed during the year ended December 31,2011, and gave them the authorizations stipulated in articles 158 & 159 in the LebaneseCommercial Code and the authorization stipulated in Article 152 of the Cash and credit Code.


• Notice of an Ordinary General Assembly Meeting:

The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting tobe held at 3 p.m., on Thursday April 12, 2012, at the company's Head Office, Foch St, Beirut Downtown.


• Listing, trading and pricing of all Preferred Shares Class (H) issued by Bank of Beirut S.A.L. in theofficial market of the BSE:

The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /5,400,000/ PreferredShares Class (H), issued by Bank of Beirut SAL in the official market of the stock exchange.Trading is scheduled to start on Wednesday 26/10/2011.



The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 4 p.m., on Wednesday September 28, 2011, at the company's Head Office, Foch St,Beirut Downtown to study the following agenda:

1- Verify the completion of the increase in the Bank’s Capital from LBP /79,931,124,000/ toLBP /86,735,124,000/ through the subscription in Preferred Shares Class (H).

2- Make sure that all the Capital increase transactions have been correctly executed.

3- Announce that Bank of Beirut S.A.L .Capital became LBP /86,735,124,000/.4- Other matters


• Subscription in the Preferred shares Class (H):

Subscription period: From Monday September 5, 2011 at 8:30 am to Friday September 9, 2011 at 12:00noon. Place of Subscription: All branches of Bank of Beirut SAL. Number of issued Preferred sharesClass (H): /5,400,000/ shares. Price and rules of Subscription: USD /25/ per share divided into: LBP/1,260/ as nominal value and the balance as issue premium. Subscription will be executed in total unitswith a minimum of one unit. Every unit is constituted of /100/ Preferred Shares (H), with an issue price perunit of USD /2,500/. Subscription price will be paid in cash on the subscription day. Priority right insubscription: The holders of preferred shares class “D”,”E”,”F” and “G” will have a priority right tosubscribe in the preferred shares class “H”, on a non-reducible basis, according to the percentage ofpreferred shares they hold in the total share capital of the Bank. Terms of preferred shares (H): Pleaserefer to the Marketing Brochure related to these shares that are available at all branches of Bank of BeirutSAL.



The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 3 p.m., on Thursday June 30, 2011, at the company's Head Office, Foch St, BeirutDowntown to study the following agenda:

5- Increase the Capital of Bank of Beirut S.A.L. by issuing new non-cumulative, redeemablePreferred Shares Category (H) and specify other shares’ conditions.

6- Amend some articles of the By-Laws of the Bank according to the Capital increase.7- Other matters


• Notice of an Ordinary General Assembly Meeting to be held exceptionally:

The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting tobe held exceptionally at 4 p.m., on Thursday June 30, 2011, at the company's Head Office, Foch St, BeirutDowntown to study the following agenda:

1- Elect additional members to the Board of Directors for the remaining period of the actualBoard.

2- Other matters



The Ordinary General Assembly of Bank of Beirut SAL convened on April 8, 2011 and resolved toapprove the reports of the Board of Directors, the reports of the Auditors and the Bank's accounts for thefiscal year 2010. The Ordinary General Assembly declared dividends distribution (Before distribution tax5%) as follows:

● To Holders of Preferred shares (C): USD 3.00 per share● To Holders of Preferred shares (D): USD 2.25 per share● To Holders of Preferred shares (E): USD 2.00 per share● To Holders of Preferred shares (F): USD 2.00 per share● To Holders of Common shares: LBP 650 per share

The Ordinary General Assembly also decided to discharge the chairman and members of the Board ofDirectors in respect of activities performed during the year ended December 31, 2010, and elected MessrsSalim Sfeir, Adib Millet, Antoine Abdel Massih, Fawaz Naboulsi, H.E. Anwar Mohamad El-Khalil,Emirates Bank International pjsc, Eng. Rached Ben Saad Al Rached, to the Board of Directors for a threeyear period that will end when the Ordinary General assembly will convene to approve the accounts of theyear 2013.


• Bank of Beirut SAL agreed to acquire 85% stake in Australia’s Laiki Bank:

Bank of Beirut, February 21, 2011: In a statement jointly issued by Marfin Popular Bank and Bank ofBeirut s.a.l., the two institutions confirmed having signed an agreement for the acquisition of 85% of theshares of Laiki Bank (Australia) Ltd by Bank of Beirut s.a.l. The transaction has already been approved bythe relevant regulatory authorities in Australia, Cyprus and Lebanon.

This cross-border transaction reflects the deliberate strategy of Bank of Beirut s.a.l. to expand in selectedmarkets with strong Lebanese diaspora.

As a result of this acquisition, Bank of Beirut s.a.l. will have a total network of 65 branches of which 50branches in Lebanon, 10 branches in Australia through its APRA-regulated subsidiary Laiki Bank(Australia) Ltd, two branches in the United Kingdom and Germany through its FSA-regulated subsidiaryBank of Beirut (UK) Ltd, one branch in Cyprus and two branches in the Sultanate of Oman. Theconsolidated balance sheet will be around USD 9 Billion with USD 6.88 Billion in deposits.

Post the transaction, the equity capital of Laiki Bank (Australia) Ltd will double, therefore propelling theBank into a stronger position in the Australian banking sector.

Commenting on the transaction, Mr. Salim Sfeir, Chairman and General Manager of Bank of Beirut s.a.l.noted:

“Entering the Australian banking sector is a direct materialization of our strategy to expand outsideLebanon and serve our customers wherever they are. After highly successful operations whether in the UK,Germany, Cyprus, Oman and other overseas markets, the acquisition of a majority ownership in Laiki Bank(Australia) Ltd will allow us to further improve our performance and offer our customers an expandedinternational platform that caters for all their needs.

Our decision to proceed with the acquisition was easy to take given the undoubted competence of thebank’s staff and senior management as well as the prime quality of the bank’s assets. I have absoluteconfidence that the operational integration process will proceed very smoothly and that the combination ofour staff expertise with that of the employees of Laiki Bank (Australia) Ltd will provide our customers withthe same, if not improved, quality of service.”

James Wakim, formerly CEO of Arab Bank Australia, has been appointed to lead Laiki Bank (Australia)Ltd through this new phase. A professional career banker with high-level experience in banking inAustralia, Mr Wakim is confident that the change will trigger a new era of even stronger interaction withthe Greek-Australian community as well as Australian citizens of Lebanese origin.

“The Bank has established an excellent reputation in the banking sector and has catered extremely well tothe Greek and Cypriot communities in Australia for many years. We plan to build on these foundations inthe years ahead and to reinforce the already existing indelible links between us.”

Bank of Beirut s.a.l. is one of the largest banks in Lebanon operating in the following 8 countries: Lebanon,Cyprus, the United Kingdom, Germany, the United Arab Emirates, the Sultanate of Oman, Iraq andNigeria. It is one of the leading banks in Lebanon in terms of Housing Loans and is undisputedly the leaderin Trade Finance and Asset/Fund Management, with a strong foothold in corporate banking. The Bankfocuses on the social development of the communities it serves, quality of service and the creation ofshareholders’ value.

In addition to Laiki Bank (Australia) Ltd, Bank of Beirut s.a.l. owns several subsidiaries of which Bank ofBeirut Invest s.a.l., Bank of Beirut (UK) Ltd, Beirut Life s.a.l., Beirut Brokers Co s.a.r.l. and BoB Finances.a.l.


• De-listing of Bank Of Beirut Preferred Shares Class "C":

Further to the decision of the Board of Directors of Bank of Beirut SAL dated 17/8/2010, that decided tore-purchase all the preferred shares class C on the redemption date, and further to the decision of theExtraordinary General Meeting of shareholders of the Bank held on December 29, 2010 concerning theverification of the completion of the redemption and cancellation of the Bank's Preferred Shares Class C.The Beirut Stock Exchange decided to de-list the above mentioned shares (BOBPC) before the opening ofthe trading session of December 30, 2010.


• Notice of an Extraordinary General Assembly Meeting:The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 3 p.m., on Thursday November 11, 2010, at the company's Head Office, Foch St,Beirut Downtown to study the following agenda:

3- Amend some decisions of the Extraordinary General Assembly that was held on September29, 2010.

4- Other matters


• Notice of an Ordinary General Assembly Meeting:

The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting tobe held exceptionally at 3 p.m., on Wednesday October 20, 2010, at the company's Head Office, Foch St,Beirut Downtown to study the following agenda:

5- Elect new Board members for the remaining period of the board.6- Other matters


• Notice of an Extraordinary General Assembly Meeting:The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 3 p.m., on Wednesday September 29, 2010, at the company's Head Office, Foch St,Beirut Downtown to discuss the following agenda:

1- Increase the bank’s Capital through the issuance of new non cumulative, convertible andredeemable Preferred Shares of Class “G”.

2- Amend some articles of the Bank’s by-laws according to the share capital increase.3- Other matters


• Dividends Distribution:

The Ordinary General Assembly of Shareholders of Bank of Beirut S.A.L. convened on April 6, 2010 andresolved to approve the Bank’s accounts for the year 2009 and declare a gross distribution of dividends(before 5% withholding tax) as follows:

- To Holders of Series “C” Preferred Shares: USD 2.27 per share.- To Holders of Series “D” Preferred Shares: USD 2.25 per share.- To Holders of Series “E” Preferred Shares: USD 2.00 per share.- To Holders of Series “F” Preferred Shares: USD 0.58 per share.- To Holders of Common Shares: LBP 625 per share.

Net dividends (after deduction of the applicable withholding tax at the rate of 5%) are paid throughMidclear S.A.L. on April 15, 2010 for the holders of shares as at March 30, 2010 (Record Date), accordingto the records of Midclear S.A.L.


• Notice of an Ordinary General Assembly:The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting tobe held at 3 p.m., on Tuesday April 6, 2010, at the company's Head Office, Foch St, Beirut Downtown.


• Extraordinary General Assemblies held on December 29, 2009 and December 30, 2009:

The Extraordinary General Assemblies of shareholders of Bank of Beirut S.A.L. held on December 29,2009 and December 30, 2009 verified the Capital increase of the Bank by an amount of LBP/6,741,630,000/ through the issuance of 5,618,025 nominal common shares. The share capital increase wascompleted and the subscription to the said shares was fulfilled. Accordingly, the Capital of the Bankbecomes LBP /75,344,880,000/.

• Extraordinary General Assembly Meeting held on October 21, 2009:

The Extraordinary General Assembly of Bank of Beirut S.A.L. held on October 21, 2009 decided to:

- Increase the bank's Capital from LBP /68,603,250,000/ to LBP /75,344,880,000/ by issuing/5,618,025/ new common shares with a par value of LBP /1,200/ per share.

- Amend articles 7 & 8 of the Bank's by-laws.- Increase the Cash Contribution to Capital in US Dollars by an amount equivalent to 60% of

the Capital increase.- Above decisions will be suspended till The Bank gets the approval of Banque du Liban.

• Additional listing of /1,872,675/common share issued by Bank of Beirut S.A.L. in the official marketof the BSE:

The Beirut Stock Exchange decided to accept the listing, trading and pricing of an additional /1,872,675/common shares, with a par value of LBP /1,200/ each, issued by Bank Of Beirut SAL in the official marketof the stock exchange. These shares will be added to the previously listed common shares; thus thepercentage of listed common shares in the mentioned market will become 33.333%, and that in addition tothe bank’s preferred shares Class “C”, Class “D” and Class "E", excluding Class “F”.Trading with the mentioned shares is scheduled to start on Wednesday 17/02/2010.


• Listing, trading and pricing of all Preferred Shares Class (E) issued by Bank of Beirut S.A.L. in theofficial market of the BSE:

The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /2,400,000/ PreferredShares Class (E), issued by Bank of Beirut SAL in the official market of the stock exchange.Trading with the Preferred Shares Class (E) starts on Wednesday 30/12/2009.


• Notice of an Extraordinary General Assembly meeting:The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 3 p.m., on Tuesday December 29, 2009, at the company's Head Office, Foch St,Beirut Downtown to study and state the following agenda:

1- Verify of the completion of the increase in the Bank's capital from LBP /68.603.250.000/ toLBP /75.344.880.000/.

2- Verify the adequate completion of the procedures of the Bank's Capital increase.3- Announce that the Capital of the bank is LBP /75.344.880.000/4- Other Matters


• Extraordinary General Assembly Meeting held on September 18, 2009:

The Extraordinary General Assembly of Bank of Beirut SAL held on September 18, 2009 decided to:- Approve all the procedures of the Capital increase.- Announce that the Capital of Bank of Beirut S.A.L. became LBP /68,603,250,000/ fully paid- Transfer the total amount of the issue premium paid for the new Preferred shares (F) issued as

a result of the Capital increase to the issue premium account.


• Notice of an Extraordinary General Assembly:The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 3 p.m. on Wednesday October 21, 2009 at the Head Office, Foch St, BeirutDowntown to study and state the following agenda:

1- Increase the capital of the Bank.2- Amend some articles of the By-Laws.3- Other Matters


• Bank of Beirut Extraordinary General Assembly for holders of Preferred Shares Class D held on13/05/2009:

The Extraordinary General Assembly of Bank of Beirut held on May 13, 2009 decided to:- Adopt the By-Laws of the owners of Preferred Shares Class "D".- Assign Mr. Rached Ghanem and Roger Dagher as representatives of the owners of Preferred

Shares Class "D" empowered by the authorities specified in the By-Laws of the Assembly ofshareholders of Preferred Shares Class "D".


• Notice of an Extraordinary General Assembly meeting:The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 12 noon on Friday September 18, 2009 at the Head Office, Foch St, Downtown Beirutto study and state the following agenda:

1- Verify the subscription of the total nominal value of the Preferred shares (F) represented toincrease the capital of the Bank from LBP /65.003.250.000/ to LBP /68.603.250.000/, as wellas, the whole issue premium of these Preferred shares.

2- Verify the adequate completion of the procedures of the Capital increase.3- Announce that the Capital of the bank is LBP /68.603.250.000/4- Other Matters


• Additional listing of /1,413,847/common share:The BSE decided to accept the listing, trading and pricing of an additional /1,413,847/ common shares, witha par value of LBP /1,200/ each, issued by Bank Of Beirut SAL in the official market of the stock

exchange. These shares will be added to the previously listed common shares; thus the percentage of listedcommon shares in the mentioned market will become 33.333%, and that in addition to the total number ofthe bank’s preferred shares Class “C” and Class “D”, excluding Class “E”.Trading with the mentioned shares is scheduled to start on Monday morning 25/05/2009.


• Extraordinary General Assembly held on April 2, 2009:

The Extraordinary General Assembly of Bank of Beirut SAL held on April 2, 2009 decided to:- Amend the first paragraph from the fourth decision taken by the Extraordinary General

Assembly held on 13/11/2008 to become as follows: The Extraordinary General Assemblydecide to list all the Preferred shares Class “E” in the BSE, this listing will be executed in amaximum period of 1 year from the completion of this operation.

- Amend paragraph “C” from Article 8 of the Bank’s By-Laws to become:C- List /24,269,792/ shares from the total shares that constitute the Capital of the bank to betradable in the financial markets:

1- These shares will be distributed as follow: Common Shares: /14,949,792/ shares Preferred Shares Class “C”: /2,920,000/ shares Preferred Shares Class “D”: /4,000,000/ shares

2- List /2,400,000/ Preferred shares Class “E” before 30/12/2009.This decision will be pending till the approval of the Central Bank.

- Delegate the Chairman- General Manager and member of the Board of Directors- and/or thevice president with the authorization right, to execute the decisions taken by this assembly andproceed with all the necessary legal transactions and sign all the documents for this purpose.



The Ordinary General Assembly of Bank of Beirut SAL held on April 2, 2009 decided to:- Approve the public & private reports of the Board of Directors for the fiscal year 2008.- Approve the public & private reports of the Auditors for the fiscal year 2008.- Approve the Balance Sheet and the Income Statement for the fiscal year ending 31/12/2008.- Allocate the profits of the Bank for the year 2008 amounting to LBP /73,821,407,017/ as

follows:● Appropriate an amount of LBP /7,382,140,701/ to legal reserve.● Appropriate an amount of LBP /6,177,862,200/ to reserve for general banking risks.● Distribute an amount of LBP /12,134,400,479/; equals to USD /8,049,354/ to theowners of preferred shares (C).● Distribute an amount of LBP /13,567,500,000/; equals to USD /9,000,000/ to theowners of preferred shares (D).● Distribute an amount of LBP /28,030,859,375/ to the owners of common shares.● Transfer an amount of LBP /5,580,671,924/ to a reserve account specified to theCapital increase, to be distributed as follows:

1) An amount of LBP /1,951,074,604/ as a reserve for appropriated real estate.2) An amount of LBP /2,266,384,320/ as a reserve for doubtful debts3) An amount of LBP /1,363,213,000/ as a reserve resulting from net profits

realized from selling appropriated real estate for loan settlement.● Transfer an amount of LBP /947,972,338/ to the Free Reserve account.

- Transfer an amount of LBP /904,500,000/; equals to USD /600,000/ from the Free Reserve tothe issue premium- Preferred shares Class “D”.

- Discharge the chairman and members of the board from any liability for matters relating tothe bank’s management in 2008.

- Give the chairman and members of the board of directors the authorizations stipulated inArticles 158 and 159 of the Lebanese Commercial Code and the authorization stipulated inArticle 152 of the Cash and credit Code.

- Transfer an amount of LBP /2,888,000,000/ from the “Retained profits” to “General bankingrisks”.


• Notice of Extraordinary General Assembly meeting for the holders of Preferred shares Class “E”:

Bank of Beirut S.A.L. invites the holders of Preferred shares Class “E” to attend an Extraordinary GeneralAssembly meeting to be held at 4 p.m. to on Wednesday May 13, 2009 at the Bank's Headquarters todiscuss the following agenda:

1- Draft the by-laws of the General Body of shareholders of Preferred shares “E”2- Assign the representatives of the body3- Other matters


• Notice of Extraordinary General Assembly meeting for the holders of Preferred shares Class “D”:

Bank of Beirut S.A.L. invites the holders of Preferred shares Class “D” to attend an Extraordinary GeneralAssembly meeting to be held at 3 p.m. on Wednesday May 13, 2009 to:

1- Draft the by-laws of the General body of shareholders of Preferred shares Class “D”2- Assign the representatives of the body3- Other matters


• Dividends Distribution:The Ordinary General Assembly of Bank of Beirut S.A.L. held its annual meeting on 02/04/2009 anddecided to approve the Balance sheet and Income Statements and to allocate the profits of the year 2008.The Ordinary General Assembly decided to distribute dividends to the holders of common shares andpreferred shares as follows:

- Common Shares: LBP 625 per share; a total of about LBP 28 billion.- Preferred shares Class “C”: USD 8,049,343 about 11% of the issuance price- Preferred shares Class “D”: USD 9,000,000 about 9% of the issuance price


• Notice of Extraordinary General Assembly:

The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 4 p.m. on Thursday April 2, 2009 at the Bank's Head Office, Foch St, DowntownBeirut to discuss the following agenda:

1- Amend the Article 1 of the 4th decision taken by the Extraordinary General Assembly held on13/11/2008.

2- Other Matters.


• Notice of Ordinary General Assembly meeting:

The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting tobe held at 3 p.m. on Thursday April 2, 2009 at the Bank's Head Office, Foch St, Downtown Beirut


• De-Listing of Bank of Beirut Preferred Shares Class (B):

Based on the Extraordinary General Assembly resolutions of Bank of Beirut S.A.L. held on November 13,2008, related to the redemption of Class “B” preferred shares and to the increase of the Bank’s Capital, andbased on the approval of the above resolutions by the Council of the Central Bank of Lebanon, the BSEdecided to:

1- Consider Tuesday 30/12/2008 as the last trading day with Bank of Beirut Preferred SharesClass (B).

2- De-List the mentioned shares by the end of the trading session of 30/12/2008.3- Cancel the mentioned share (Bank of Beirut Preferred B) from the register of listed securities

as of the mentioned date.

For more details refer to circular 277/2008 dated 30/12/2008Daily Bulletin – 30/12/2008

• Notice to the owners of Preferred shares (Class B):Bank of Beirut S.A.L. announces to the owners of Preferred shares (Class B) that the Board of Directorsdecided in its meeting held on 28/10/2008 to repurchase, prior to maturity, all the Preferred shares (ClassB), and that according to Article B-3 of Part 4 of the first decision taken by the Extraordinary GeneralAssembly of the shareholders of Bank Beirut S.A.L. held on 12/11/2003.


• Notice of Ordinary General Assembly meeting:The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting tobe held at 4 p.m. on Thursday November 13, 2008 at the Bank's Head Office, Foch St, Downtown Beirut tostudy and state the following agenda:

1- Distribute a prepayment on the profits of the fiscal year 2008 specified to pay the due fixedprofits for the owners of Preferred shares (category B) till the premature purchasing date.

2- Divers matters.


• Notice of Extraordinary General Assembly meeting:The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 3 p.m. on Thursday November 13, 2008 at the Bank's Head Office, Foch St,Downtown Beirut to study and state the following agenda:

1- Amend the decisions taken by the Extraordinary General Assembly held on 12/11/2003 andthat by stating the repurchase and early cancellation of all preferred shares (category B) issuedby Bank of Beirut S.A.L., and increase the capital of the bank by transferring amounts fromthe Free Reserve to the Capital.

2- Amend some of the articles of the By-Laws according to the repurchase, cancellation andCapital increase mentioned above.

3- Increase Bank of Beirut’s Capital by issuing new Preferred shares (Category H), of perpetualtype, Non-cumulative returns, and defines the rest of the conditions of these shares.

4- Increase the number of common shares actually listed in the financial markets.5- Amend some articles of the By-Laws of the company according to the Capital increase and to

the increase in the number of listed shares, as mentioned.6- Other matters


• Notice of Extraordinary General Assembly:The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 3 p.m. on Wednesday July 23, 2008 at the Head Office, Foch St. Downtown Beirut tostudy and state the following agenda:

1- Amend the decisions taken by the Extraordinary General Assembly held on 24/04/2008related to the increase in the Bank’s Capital.

2- Amend some articles of the By-Laws as presented previously3- Other Matter


• Bank of Beirut Ordinary General Assembly Meeting held on April 24, 2008:

The Ordinary General Assembly of Bank of Beirut that was held on April 24, 2008 decided to:- Approve the public & private reports of the Board of Directors for the fiscal year 2007.- Approve the public & private reports of the Auditors for the fiscal year 2007.- Approve the Balance Sheet and the Income Statement for the fiscal year ending 31/12/2007.- Distribute an advance on the profits of the fiscal year 2007 allocated completely to pay the

fixed profits amounting to LBP /5.949.303.525/ for the owners of Preferred shares (A) andLBP /3,640,612,500/ for the owners of Preferred shares (B).Also distributing an amount of LBP /212,034,398/ from the profits of the fiscal year 2007 asthe balance of the fixed due profits of the Preferred shares (A) for the period from 01/01/2008to the date of transferring these shares to normal shares or repurchasing or canceling by Bankof Beirut S.A.L. according to the situation.

- Allocate the profits of the bank for the year 2007 as follows:● Appropriate the amount of LBP /4,980,000,000/ as a legal reserve of 10%.● Appropriate the amount of LBP /5,230,000,000/ as a reserve for general banking risks.● Distribute an amount of LBP /8,803,800,000/ to the owners of preferred shares ( C)● Distribute an amount of LBP /1,598,363,055/ to the owners of preferred shares (D)● Distribute dividends for an amount of LBP /550/ for every common share issued till31/12/2007.● Transfer the amount of LBP /4,547,200,000/ to a reserve account specified to liberatethe Capital increase from LBP /56,794,500,000/ to LBP /61,341,700,000/ by issuing/4,060,000/ new common shares with a par value of LBP /1,120/ each, distributed free ofcharge for the owners of common shares issued till 31/12/2007, amounting /40,600,000/shares, 1 new common share per 10 old common shares from the mentioned commonshares.● Transfer the remaining profits amounting LBP /710,647,373/ to the Free Reserveaccount.

● Specify an amount of LBP /1,591,250,472/ as a reserve for lands owned to cover debt.- Discharge the chairman and members of the board from any liability for matters relating to

the bank’s management in 2007.- Elect the members of the Board of Directors for 3 years that will end when the Ordinary

General assembly will convene to approve the accounts of the year 2010. The members are:● Mr. Salim Sfeir● Mr. Adib Millet● Mr. Antoine Abdel Massih● Mr. Nar Khatchadourian● Mr. Fawaz Naboulsi● H.E. Anwar Mohamad El-Khalil● Emirates Bank International pjsc● Mr. Abdallah Ben Fahed Al-Mugayel

- Give the chairman and members of the board of directors the authorizations stipulated inArticles 158 and 159 of the Lebanese Commercial Code and the authorization stipulated inArticle 152 of the Cash and credit Code.

- Nominate Deloitte & Touch as auditors of the bank for the years 2008, 2009 & 2010.


• Notice of Extraordinary General Assembly meeting to be held on April 24, 2008:The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 4 p.m. on Thursday, April 24, 2008 at the Head Office, Foch St, Downtown Beirut tostudy and state the following agenda:

4- Increase the capital of Bank of Beirut S.A.L.5- Amend some articles of the By-Laws as presented previously6- Other Matter


• Notice of Ordinary General Assembly:The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting tobe held at 3 p.m. on Thursday, April 24, 2008 at the Head Office of the bank, Foch St, Downtown Beirut


• Bank of Beirut General Assembly Meeting held exceptionally on January 28, 2008:The Ordinary General Assembly of Bank of Beirut SAL that was held exceptionally on January 28, 2007decided to:Distribute an advance on the profits of the fiscal year 2007 to pay the due dividends to the owners ofpreferred shares Class (A) & (B), thus appropriating an amount equal to USD /3,946,470/ for preferredshares class (A) and USD /2,415,000/ for preferred shares class (B); the distribution tax must be deducted.


• Listing, trading and pricing of all of preferred shares Category (D) issued by Bank of Beirut S.A.L.in the official market of the BSE:The BSE decided to accept the listing, trading and pricing of the /4,000,000/ preferred shares Category (D)issued by Bank of Beirut S.A.L. in the official market of the BSE. The details of the listing and trading areas follows:

- Type of shares: Preferred, Non Cumulative, perpetual and redeemable shares.- Number: /4,000,000/ Preferred shares- Category: (D)- Issue price per preferred share: USD /25/- Par value per preferred share: LBP /1,000/- Annual Dividend per preferred share: 9% of the issuance price with conditioned due date

and payment as stated in Annex No.2For more details refer to circular 258/2008 dated 23/01/2008

• Extraordinary General Assembly Meeting held on November 19, 2007:The Extraordinary General Assembly of Bank of Beirut that was held on November 19, 2007 decided to:

Approve the subscription schedule and the final liberation of the Capital increase of Bank ofBeirut S.A.L. from LBP /51,520,000,000/ to LBP /55,520,000,000/ and on all the documents andtransactions that were organized in order to accomplish this increase.

Transfer the issuance premium paid for the newly issued preferred shares class (D) in consequenceto the Capital increase to the additional paid in Capital account.

• Notice of Extraordinary General Assembly:The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assemblymeeting to be held at 3 p.m. on Monday, November 19, 2007 at the Bank's Head Office, Foch St,Downtown Beirut to study and state the following agenda:

1) Investigate the validity of the subscription and total liberation of the whole nominal value ofthe preferred shares (Class D) represented to increase the Capital of Bank of Beirut S.A.L.from LBP /51,520,000,000/ to LBP /55,520,000,000/ and for the whole issue premium ofthese preferred shares.

2) Make sure that all Capital increase transactions are executed correctly.3) Announce that Bank of Beirut S.A.L. Capital has become LBP /55,520,000,000/.4) Cancel number of preferred shares (Class A) following the repurchase of these shares by Bank

of Beirut S.A.L., distribute the nominal value on the remaining Bank’s shares, and increasethe capital of Bank of Beirut S.A.L. by transferring an amount from the Free Reserve accountto the Capital account.

5) Amend Articles 7 & 8 of the company’s By-Laws according to the cancellation, distributionand Capital increase mentioned above.

6) Other matters.


• Offering of Series “D” Perpetual Preferred Shares:The Bank of Beirut is offering up to 3,000,000 Series “D” Perpetual Shares for eligible investors. Theseshares are non-cumulative perpetual redeemable preferred shares having an issue price of USD 25 pershare, of which the equivalent of LBP 1000 shall represent the par value of each share and the balanceconstitute an issue premium.Each share of Series “D” will be entitled an annual dividend equal to 9.00% per year of the Issue Price,provided that (i) there are enough Declared Net Profits to allow the payment of such Annual Dividend; (ii)the Bank is in compliance with all ratios imposed by the CBL and the BCC; and (iii) the Bank’s OrdinaryGeneral Meeting of shareholders resolves the distribution of the Annual Dividend.

• Extraordinary General Assembly Meeting held on September 21, 2007:

The Extraordinary General Assembly of Bank of Beirut SAL that was held on September 21, 2007 decidedto:

Repurchase and cancel before the due date, the Preferred shares class (A) from shareholders whowish to subscribe to Preferred shares (D) issued by the Bank.

Increase the issuance volume of Preferred shares (D) issued by Bank of Beirut S.A.L. to become/4,000,000/ new nominal shares, with a par value per share of LBP /1,000/. Therefore, the Capitalbecomes LBP /55,520,000,000/, thus amending the first section of the first decision taken by theExtraordinary General Assembly held on 30/07/2007.

Amend the second decision taken by the Extraordinary General Assembly held on 30/07/2007 tobecome:

- Second Decision: The Extraordinary General Assembly decided to list the preferredshares (D) amounting to /4,000,000/ shares on the Beirut Stock Exchange.

Amend the third decision taken by the Extraordinary General Assembly held on 30/07/2007 tobecome:

- Third decision: The Extraordinary General Assembly decided to amend Articles 7 & 8from the bank’s By-Laws.

Suspend the decisions taken by this assembly up till the Central Bank approves them Nominate the Chairman- General Manager & member of the Board of Directors- the General

Manager to execute the decisions taken by this assembly.

• Extraordinary General Assembly Meeting held on July 30, 2007:

The Extraordinary General Assembly of Bank of Beirut that was held on July 30, 2007 decided to: Increase the Capital of the Bank from LBP /51,520,000,000/ to LBP /54,520,000,000/ by issuing

/3,000,000/ new nominal preferred shares class (D), with a par value of LBP /1,000/ per share. Amend articles 7 & 8 of the By-Laws. Nominate the Chairman- General Manager & member of the Board of Directors- the General

Manager to execute the decisions taken by this assembly.


The Ordinary General Assembly of Bank of Beirut SAL that was held on April 7, 2007 decided to:- Approve the public & private reports of the Board of Directors for the fiscal year 2006.- Approve the public & private reports of the Auditors for the fiscal year 2006.- Approve the Balance Sheet and the Income Statement for the fiscal year ending 31/12/2006.- Approve the decisions of the previous General Assembly Meeting held exceptionally on

07/02/2007 related to the distribution of the profits amounting LBP /10,273,612,500/ to theowners of preferred shares (Class A) & (Class B).

- Appropriate the net profit of the Bank that reached LBP /46,986,425,000/ on the followingbasis:

Appropriate an amount of LBP /4,698,700,000/ to legal reserve 10%. Appropriate an amount of LBP /3,804,122,000/ to reserve for general banking risks. Appropriate an amount of LBP /8,803,800,000/ to the owners of the preferred shares

“Class C”. Ratify an amount of LBP /450/ for shareholders carrying common share what totals

LBP /18,270,000,000/. Transfer of the balance of the profits amounting LBP /11,409,803,000/ to “Retained

Earnings”.- Discharge the chairman and members of the board from any liability for matters relating to

the company’s management in 2006.- Give the chairman and members of the board of directors the authorizations stipulated in

Articles 158 and 159 of the Lebanese Commercial Code.- Grant new credits and renews credits for some branch managers in the Bank.- Delegate the chairman to specify the remunerations of the Auditors for the year 2007.


• Bank of Beirut General Assembly Meeting held exceptionally on February 7, 2007:

The Ordinary General Assembly of Bank of Beirut SAL held exceptionally on February 7, 2007 decidedto:

- Distribute an advance on the profits of the fiscal year 2006 amounting USD /6,815,000/ fullyallocated to pay the fixed due profits for the owners of preferred shares (Class A) & (Class B)that counter values in LBP on the distribution date. the distribution is allocated as follows:USD /4,400,000/ for the owners of Preferred shares (Class A) and USD /2,415,000/ for theowners of preferred shares (Class B).

- Give the necessary authorizations by virtue of Article 158 of the Lebanese Commercial Codefor the Subordinated Loan amounting USD /20,000,000/ intended to be given to Bank ofBeirut (U.K.) Ltd.

- Transfer part of the Retained Earnings to the Free Reserves by an amount equals at least theliquidity used or that will be used by Bank of Beirut S.A.L. to purchase part of his shares.

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