Bupa Arabia for Cooperative Insurance announces its financial results for the twenty months ending 31st December 2009, as detailed below:

1. Net profit for shareholders for the twenty months ending 31st December 2009 was SR 56,020k with no comparison available for 2008 (as Bupa Arabia was not trading).

2. Profit per share for the twenty months ending 31st December 2009 was SR 1.40 with no comparison available for the same period in 2008.

3. The surplus from insurance operations, before investment income, for the twenty months ending 31st December 2009 was SR 56,856k, with no comparison available for the same period in 2008.

4. Gross written premiums for the twenty months ending 31st December 2009 were SR1,347,337k with no comparison available for the same period in 2008. Net written premiums for the twenty months ending 31st December 2009 were SR 1,347,337k with no comparison available for the same period in 2008.

5. The costs for claims incurred for the twenty months ending 31st December 2009 were SR 973,422k with no comparison available for the same period in 2008.

6. Net investment income from insurance operations for the twenty months ending 31st December 2009 was SR 2,666k with no comparison available for the same period in 2008. Net investment income of shareholders for the twenty months ending 31st December 2009 was SR 15,418k with no comparison available for the same period in 2008.

7. Pre-incorporation costs relating to the formation of the Company amounted to SR 8,983k

8. These are the first set of statutory financial statements of the Company following the Ministerial Resolution announcing the formation of Bupa Arabia on the 1st May 2008 (twenty months). The company started trading upon receiving approval from SAMA to transfer the insurance portfolio from Bupa Middle East Limited E.C. (Bahrain) to Bupa Arabia on the 1st January 2009.

9. The joint independent auditors report on the financial statements mentions that the financial statements have been prepared in accordance with International Financial Reporting Standards and not in accordance with the accounting standards generally accepted in the Kingdom of Saudi Arabia. However the company assures that there are no significant differences in the results contained within the financial statements due to using International Financial Reporting Standards rather than the accounting standards generally accepted in the Kingdom of Saudi Arabia.