Bupa Arabia for cooperative insurance announces the results of the second ordinary general meeting assembly to its shareholders which was held 10 oclock on the evening of Wednesday 19/09/1430 corresponding to 09/09/2009 in Crowne Plaza Hotel in Jeddah, under the chairmanship of Chairman of the Board Eng. Loay Hisham Nazer and reached an attendance of ( 60.43%) of the total shares of the companys 40 million shares pursuant to article 91 of ministry of commerce regulations and article 32 of the company article of association. The agenda has been thoroughly discussed and the results were a unanimous approval of the following:

1. Authorization of the Company to enter into a Brand Licence Agreement with Bupa or its relevant subsidiary under which the Company shall be granted the right to use the brand of Bupa, containing the word Bupa and the relevant logo, and authorization of the Board to approve of the terms and conditions of such agreement, including the financial consideration payable to the licensing company, and to authorize any person to sign the same on behalf of the Company. (after getting SAMA approval).

2. Authorization of the Company to enter into an IT Licence and Services Agreement with Bupa Asia, under which the Company shall be granted the right to use Caesar System currently in use by Bupa Middle East, and Bupa Asia shall provide to Bupa Arabia, from time to time, the necessary technical assistance on a competitive basis, and authorization of the Board to approve of the terms and conditions of such agreement, and to authorize any person to sign the same on behalf of the Company.

3. Authorization of the Company to enter into a Technical Management Services Agreement with Bupa Finance, under which Bupa Finance shall render technical services to the Company for a renewable period of five (5) years following the approval of SAMA and in accordance with the Articles of Association of the Company, and authorization of the Board to approve of the terms and conditions of such agreement, including the financial consideration payable to Bupa Finance, and to authorize any person to sign the same on behalf of the Company.