Bank Sohar SAOG has received an approval from the CMA for a scheme of allotment for the Rights Issue closed for subscriptions on 29th April 2015. Applications for a total of OMR 53,277,365.225 were received against an issue size of OMR 40,040,000. The details of the subscriptions, allotments and refunds are as follows:

Details                                                                                                                                     No. of shares

Rights Issue size                                                                                                                     228,800,000

Applications from eligible applicants (to be allotted in full)                                210,003,166

Applications from the buyers of rights (to be allotted in full)                             4,880,789

Applications for additional shares                                                                                   89,558,132

Shortfall in the eligible applications                                                                         13,916,045

(To be allotted to applicants for additional shares in relative

proportion to the application for additional shares)

Additional shares to be allotted as stated above                                                  13,916,045

Shares to be refunded to investors                                                                             75,642,087

Refunds are currently being processed and are expected to be completed by 8th May 2015.

The Issue Managers - Gulf Baader Capital Markets - are taking the requisite steps to complete the formalities relating to uploading the investors' list at MCD and to list the new shares on the MSM.