BUPA ARABIA ANNOUNCES A CHANGE IN THE COMPOSITION OF ITS MAJOR FOUNDING SHAREHOLDERS

Bupa Arabia for Cooperative Insurance Company (the Company) announces a change in the composition of its major founding shareholders on 23 July 2012G, corresponding to 4 Ramadan 1433H, as follows:

In the interest of enhancing the utilisation and returns on its capital Bupa Middle East Holdings W.L.L. (a shareholder in the Company which is owned 50% by Bupa Investments Overseas Limited and 50% by Nazer Group Holding Company Limited) has transferred its entire 22.5% shareholding in the Company, through a transfer of 11.25% to each of Bupa Investments Overseas Limited and Nazer Group Holding Company Limited and its wholly owned subsidiaries namely ASAS Healthcare Company Limited and Modern Computer Programs Company Limited (all of which are shareholders in the Company).

The receipt of the 11.25% shareholding, of the Company, by each of Bupa Investments Overseas Limited and the Nazer Group Holding Company Limited and its wholly owned subsidiaries, leaves the overall shareholding in the Company of each of Bupa Investments Overseas Limited and the Nazer Group Holding Company Limited unchanged at the same 26.25% each as was the position prior to the transfer of the Bupa Middle East Holdings W.L.L.shareholding.

The Companys major founding shareholder ownership composition changes, after the transfer of the Bupa Middle East Holdings W.L.L. shareholding, are as follows:

1. Bupa Middle East Holdings W.L.L.: previous shareholding of 22.5% (9,000,000 shares), transferred shareholding of 22.5% (9,000,000 shares), new shareholding of 0% (nil shares).

2.Bupa Investments Overseas Limited: previous shareholding of 15% (6,000,000 shares), additional shareholding of 11.25% (4,500,000 shares), new shareholding of 26.25% (10,500,000 shares),

3.Nazer Group Holding Company Limited: previous shareholding of 5% (2,000,000 shares), additional shareholding of 4% (1,600,000 shares), new shareholding of 9% (3,600,000 shares),

4.ASAS Healthcare Company Limited: previous shareholding of 5% (2,000,000 shares), additional shareholding of 3.25% (1,300,000 shares), new shareholding of 8.25% (3,300,000 shares),

5.Modern Computer Programs Company Limited: previous shareholding of 5% (2,000,000 shares), additional shareholding of 4% (1,600,000 shares), new shareholding of 9% (3,600,000 shares),

6.The increases in shareholdings as detailed within points 3, 4 and 5 result in an

 increase in the shareholding of the combined Nazer Group Holding Company  Limited shareholding (directly and through its subsidiaries (ASAS Healthcare  Company Limited and Modern Computer Programs Company Limited)) of  11.25% (4,500,000 shares), a new combined shareholding of 26.25% (10,500,000    shares).