Nakilat announces the way and procedures of paying the balance of the value of its share capital

Qatar, January 17, 2007
In accordance with the Board of Director’s authority assessed by article (8) of Nakilat Articles of Association and in line with what has ýbeen announced in the IPO Circular and to meet with the Company’s financing requirement, the Board has decided to invite the ýshareholders to settle the remaining 50% of Company’s capital in the amount of 5 riyals for each share according to the following rulesý ý ý

  1. Settlement will start on Thursday February 1st, 2007 at formal working hours and to continue until the end of the business day Thursday February 15th, 2007 (at 1.00 ýpm). Settlement to be made by shareholders registered at the Doha Securities Market after closing of business day Wednesday 31st. January, 2007 @ 5 riyals per each ýshare. In accordance with articles from 192 to 195 of Law No. (5) of year 2002, Board of Directors authority assessed by article (8) of the Company’s articles of ýassociation and to meet the Company’s financing requirement, the board of directors has decided to invite the shareholders to settle the remaining 50% of the ýCompany’s share capital at 5 Qatari Riyals per each share.ý
  2. Exchange of shares during settlement period
  • All shares will be stopped from exchange at DSM on 01/02/2007ý
  • Share prices that have been settled in full will be allowed for exchange after 1/02/2007
  • Share prices that have not been settled in full will not be subject to exchange until the shareholder settle the remaining value or the subject shares are sold at ýthe DSM per the law.
  1. It is not allowed for any shareholder to waive or transfer his share in the remaining value to any other person.
  2. Settlement application to be submitted to all Qatar National Bank branches in the morning time and to be submitted at the evening time (6-8 pm) only to the ýýfollowing branches: West Buy, Grand Hamad, Al Saad, Al Wakra, Al Khor, ýAl Gharafa, Al Rayan (except on Thursday & Saturday).
  3. The remaining value has to be settled in full against the shareholder account at Qatar National Bank or by a cheque drawn on local banks and if such cheque cannot be is exchanged for any reason will be considered as void.
  4. The settlement application will not be considered as acceptable unless it is stamped by the bank confirming the receipt of money.
  5. The settlement application cannot be cancelled for any reason after been submitted to the bank.
  6. Shareholders out of Qatar can settle the remaining value either by cheque in Qatari Riyals for the order of Qatar Gas Transport Company Limited (Nakilat) to be sent to P.O. Box 1000 Al Watani – Doha, Qatar attn. ýý“Shareholders Affair Department” not later than 1.00 pm on 15/02/2007 OR by bank transfer to Qatar National Bank Account No. 0012-921000-649ýý in the name of Nakilat - Swift Code QNB. AQAQA provided that the transfer includes the shareholder No in the transformer column (No.50)ýý or in the column of the details (No. 72), the name of the shareholder and ýýnumber of shares where 5 riyals are settled for each considering that one bank transfer has to be send for each shareholder.

For more information please call Qatar National Bank “Shareholder Affair Department Telephone 4807072ý

Required Documents for settlement:

  • Public: The Identity card (or the passport for the non residents) plus the shareholder number at DSM at all cases.ý
  • Minors: The identity card or the birth certificate with the personal number plus the identity card of the guardianý
  • Companies: Official transcript of the commercial registration and copy of the identity card of the delegate to sign and delegation letter from the ýcompany

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