(es’~’) W~oLJ.U i~1jLo~1I a±~)Emirates Insurance Co r

Minutes of the ExtraordinaryGeneral Assembly Meeting

of Emirates Insurance CompanyPJSC Held on Monday 31 March

2014

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Emirates Insurance Company PJSC (the“Company”), a public joint stockcompany listed in Abu Dhabi underlicense No. 1002123, extended aninvitation to its shareholders to attendan extraordinary general assemblymeeting on Monday 24 March 2014and due to the absence of a quorum,that meeting was adjourned to be heldon Monday 31 March 2014 at 10:00 amat Al Diwan Hall, Beach Rotana Hotelin Abu Dhabi (the “Meeting”) whichwas held in the presence ofshareholders representing 59.46° o of theCompany’s share capital, to discuss theagenda of the Meeting and adoptappropriate resolutions relating thereto.Mr. Abdulrahman Salem Mubarakattended the Meeting in his capacity asthe representative of the EmiratesSecurities and Commodities Authorityand Mr. Anas Moh. B. Jawishrepresenting the Insurance Authority.

The Chairman of the Board of Directorsof the Company, H.E. AbdullaMohamed Al Mazrouei declared theMeeting to be quorate and welcomedthose in attendance and recommendedthe appointment of Mr. Ibrahim Yousef

,~.,.i ,mcM9baydeen as secretary to the Meeting•—“~A4i1d’Mr. Aart Lehmkuhl along with Mr.

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Following due deliberation of the itemslisted in the agenda, the assemblyresolved by 99° o votes of the sharesrepresented in the Meeting as follows:

(1) Article 4 of the Articles ofAssociation shall be amended to beas follows:

“The duration of the Companyshall be one hundred (100)Gregorian years, commencingfrom the date of its incorporation,and shall thereafter automaticallycontinue for consecutive similarperiods unless a resolution ispassed at an extraordinary generalassembly terminating theCompany.”

(2) Article 21 of the Articles ofAssociation shall be amended to beas follows:

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(3) Paragraph 1 of Article 24 of theArticles of Association shall beamended to be as follows:

“1. for the purposes of Article 103of the Federal Law No. 8 of1984 concerning CommercialCompanies, as amended, toenter into loan agreementshaving a period in excess of 3(three) years to grant facilitiesand to invest in the areasspecified in its objects whichare set forth in article 5 ofthese Articles, to mortgage theCompany’s assets, to releasethe liability of debtors of theCompany and to enter intoconciliations and to agreearbitration.”

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One of the shareholders (Mr.Muneef Othman Tarmoom) holderof 682,031 shares representingapproximately l°c of the sharesrepresented at the meetingexpressed his objection to theproposed amendments to Article(21) and paragraph (1) of Article(24).

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(4) to add aArticle 27Association

fourth paragraphof the Articles

as follows:

toof

“Resolutions in writing signed byall the Directors entitled to receivenotice of the meeting of the Boardand to vote on such resolutionsshall be as valid and effective as ifthey had been passed at a Boardmeeting duly convened and heldand may consist of severalcounterparts in like form, eachsigned by one or more of themembers. Provided that:

a. the resolutions by circulationdo not exceed four times peryear;

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b. majority ofthat theresolutionurgent;

the Directors agreecase entailing aby circulation is

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c. the resolutions are delivered tothe Directors in writing andaccompanied by all thesupporting documents andpapers as necessary for reviewit; and

d. any resolution by circulationmust be approved in writingby majority of the Directorsand must be submitted at thenext meeting of the Board tobe included in the minutes ofsuch meeting.”

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(5) Article 38 of the Articles of a-_~ (TA) ;iL_..il Ji...z (a)

Association shall be amended to be asfollows:

“Notwithstanding anything to thecontrary in these Articles ofAssociation, the Company shall besubject to the provisions of theMinister of Economy ResolutionNo. (518) of 2009 Concerning theGovernance Rules and CorporateDiscipline Standards andamendments and replacementthereot which shall form anintegral part of these Articles ofAssociation and shall be subject tothe rules of the Securities andCommodities Authority or thoseapplicable at the Abu DhabiSecurities Exchange or anysuccessor to such exchange, atwhich the Company is listed,relating to share trading andtransfer of ownership of shares inthe Company and settlement,rights arising out of ownership ofsuch shares, attending and votingat general assemblies anddisclosures by the Company.”

The Meeting was closed following theadoption of the above resolutions.

C)Meeting ChairmanAbdulla Mohamed Al MazroueiChairman of the Board of Directors

Meeting SecretaryIbrahim Yousef Mubaydeen

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Vote CollectorsAart Lehmkuhl:

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AuditorGeorge NajemDeloitte & Touche

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